USD/JPY Tiptoes Towards a Bullish Breakout: What's the Next Move?

Friday, 5 April 2024, 15:50
The USD/JPY pair inched closer to a bullish breakout after the release of robust U.S. jobs data that led to an increase in U.S. Treasury yields. The currency pair is now hovering near the key resistance level at 152.00, signaling a potential bullish momentum. Traders and investors are closely watching for the next move in the USD/JPY pair amidst the positive economic data.
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USD/JPY Tiptoes Towards a Bullish Breakout: What's the Next Move?

USD/JPY Tiptoes Towards a Bullish Breakout

Key Points:

  • USD/JPY advanced after strong U.S. jobs data
  • Approaching 152.00 resistance level
  • Increased U.S. Treasury yields signaling momentum

The USD/JPY pair is edging towards a potential bullish breakout following impressive U.S. jobs data that impacted U.S. Treasury yields. Traders are observant of the critical 152.00 resistance mark as a significant level for further market movements.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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