As the USD/JPY was supported last week by fears on low interest rates and investors buying safe-haven assets, the pair will be as several factors, such as lower demand for risky assets, US Fed Chair Powell’s upcoming speech, US retail sales and good reports, and reports are expected to drag the pair.
The Rate remains low by 0.20% and Interest rate -0.10%.
There was an increase in exchange rate by 0.97% or 1.078 from 28 February to 1 March.
Also, the cross moving average was seen above the price level, projecting a during the last trading hours.
Meanwhile, the and resistance line are at:
Hit like and Follow