USDJPY: Price continues to stand still!
Today, USDJPY concluded its trading activities around the level of 151.35, with little change due to continued subdued trading throughout the past week. The strength of the US dollar, reinforced by hawkish statements from Fed officials, has not yet provided enough motivation for a significant increase in this currency pair.
In the short term, the trend remains uncertain as USDJPY moves steadily within a range. The EMA lines also do not indicate a clear trend direction, so we will wait for a breakout from the current pattern to determine a more strategic and secure entry point!
In the short term, the trend remains uncertain as USDJPY moves steadily within a range. The EMA lines also do not indicate a clear trend direction, so we will wait for a breakout from the current pattern to determine a more strategic and secure entry point!
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