This morning, USDJPY is at the center of investors' attention after Japan released CPI data lower than expected, indicating economic weakness.
Currently, USDJPY is trending higher after surpassing a key resistance level. The US dollar is benefiting from the weakening Japanese yen following Japan's disappointing economic data.
On the 4-hour chart, USDJPY has cleared the resistance level and continues to rise. The MACD shows strong buying signals, and the RSI indicator is in overbought territory.
In the short term, if USDJPY maintains its growth momentum, it could continue to rise to recent higher levels.
Currently, USDJPY is trending higher after surpassing a key resistance level. The US dollar is benefiting from the weakening Japanese yen following Japan's disappointing economic data.
On the 4-hour chart, USDJPY has cleared the resistance level and continues to rise. The MACD shows strong buying signals, and the RSI indicator is in overbought territory.
In the short term, if USDJPY maintains its growth momentum, it could continue to rise to recent higher levels.
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