Hello everyone! Let's discuss this currency pair with Samson at the beginning of the new week.
USDJPY continues to maintain its strong upward momentum in the new trading session this week. It is currently trading around 149.78 and is extending its gains towards the important level of 150.00, reaching a new 11-month high.
On the other hand, this currency pair is also supported by a recent increase in US Treasury bond yields and moderate comments from the Bank of Japan (BoJ). Therefore, it is entirely possible for USDJPY to reach the milestone of 150.00. If it surpasses this level, there is a high possibility that it will serve as a support level for further upward movement in price for this currency pair.
USDJPY continues to maintain its strong upward momentum in the new trading session this week. It is currently trading around 149.78 and is extending its gains towards the important level of 150.00, reaching a new 11-month high.
On the other hand, this currency pair is also supported by a recent increase in US Treasury bond yields and moderate comments from the Bank of Japan (BoJ). Therefore, it is entirely possible for USDJPY to reach the milestone of 150.00. If it surpasses this level, there is a high possibility that it will serve as a support level for further upward movement in price for this currency pair.
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good luch everyone
