The Japanese Yen's rise is putting pressure on the USD/JPY curre

Jesscica Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
In recent trading sessions, the Japanese Yen has seen a strong increase in value against the US Dollar, partly due to concerns about the global economic situation and market sentiment.

This increase reflects a safe-haven search from investors.

From a technical standpoint, the 50-day moving average (MA) is trending below the 200-day MA, forming a "death cross," a negative signal for USD/JPY.

The RSI is below 50, indicating the strength of the Japanese Yen against the US Dollar.

According to Jessica's prediction, USD/JPY may continue to face downward pressure in the short term.

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