Greetings, everyone! Today, the USDJPY pair extends its recovery streak, oscillating around 147.67, buoyed by a resurgence in the US Dollar from last night's momentum.
A new support level has emerged around the 146.75 mark. The Japanese Yen (JPY) struggles to capitalize on the day's modest gains, marking its third consecutive day of decline. Thus, we remain optimistic about further upside potential for USDJPY.
Looking forward, the pair faces key resistance levels at 148.65 and 149.36, which must be overcome to sustain the upward trajectory.