USD/JPY: Bullish Case Eroding as US Economic Data Disappoints on Nostr: USD/JPY: Bullish Case Eroding as US Economic Data Disappoints =============== ...
USD/JPY: Bullish Case Eroding as US Economic Data Disappoints
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#e140b6a8 ver:0.45
The bullish case for USD/JPY is eroding as US economic data disappoints, leading to yen weakness and a potential trend reversal. The pair is approaching key resistance at 150-152.00, but uncertainty about the Bank of Japan's policy shift and weaker US Retail Sales data are capping its gains. Traders should watch for US interest rate recalibration, broader risk sentiment, and inflation reports for potential market volatility. The technical picture suggests signs of exhaustion and growing downside risks. Selling USD/JPY rallies or waiting for a push back towards 154.50 may be a higher probability play. #USDJPY #forex...
#newstr #Usd/jpy #BankOfJapan #UsEconomicData #UsBondYields #TechnicalAnalysis
https://here.news/story/e140b6a8?ver=0.45
===============
#e140b6a8 ver:0.45
The bullish case for USD/JPY is eroding as US economic data disappoints, leading to yen weakness and a potential trend reversal. The pair is approaching key resistance at 150-152.00, but uncertainty about the Bank of Japan's policy shift and weaker US Retail Sales data are capping its gains. Traders should watch for US interest rate recalibration, broader risk sentiment, and inflation reports for potential market volatility. The technical picture suggests signs of exhaustion and growing downside risks. Selling USD/JPY rallies or waiting for a push back towards 154.50 may be a higher probability play. #USDJPY #forex...
#newstr #Usd/jpy #BankOfJapan #UsEconomicData #UsBondYields #TechnicalAnalysis
https://here.news/story/e140b6a8?ver=0.45