USD/JPY Forecast: USD Continues to See Upward Momentum

If Wall Street finally listens to the Federal Reserve and believes what they are saying when it comes to monetary policy, we will more likely than not see this pair go much higher.

  • The USD rallied a bit against the Japanese yen on Tuesday as we see quite a bit of upward pressure longer-term.
  • Ultimately, it’s worth noting that the ¥131 level has been massive support from before, and the fact that the USD/JPY currency pair has bounced from there recently suggests that the uptrend is very much intact.

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