The USD\/JPY pair retraces some of Wednesday’s gains due to US Dollar weakness and a shift to safe-haven assets favoring the Japanese Yen. A short-term bearish bias with a potential deeper pullback if the pair falls below 150.92, with key support levels targeted at 150.32 and 150.00.
A recovery above 150.91 could renew buying interest, targeting the 151.00 level and possibly retesting the year-to-date high at 151.91. The daily chart indicates that the USD\/JPY remains upward biased for the long term, but a drop below 150.92 could open the door for a deeper pullback and test key support levels.
The first support would be at 150.32, before diving to the 150.00 psychological figure.
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The USD\/JPY pair retraces some of Wednesday’s gains due to US Dollar weakness and a shift to safe-haven assets favoring the Japanese Yen. A short-term bearish bias with a potential deeper pullback if the pair falls below 150.92, with key support levels targeted at 150.32 and 150.00. A recovery above 150.91 could renew buying interest, …<\/p>\n","protected":false},"author":13,"featured_media":71426,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7201],"class_list":["post-92690","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-usd-jpy"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/92690","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=92690"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/92690\/revisions"}],"predecessor-version":[{"id":92699,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/92690\/revisions\/92699"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/71426"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=92690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=92690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=92690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}