USD/JPY Technical Analysis: Banks Predict Unlikely Rise Above 144.50
Tuesday, 1 October 2024, 03:27
Technical Analysis of USD/JPY
The recent technical analysis of USD/JPY indicates that a sustained rise above 144.50 is unlikely. Analysts highlight that the upward momentum has dissipated, leading to a more volatile trading environment.
Market Sentiment and Predictions
Banks forecast that the USD will continue trading within a 140.00/146.00 range as it faces headwinds from various factors. Short-term fluctuations are expected as the market reacts to economic updates.
Key Points
- No clear upward trend above 144.50
- Choppy price action anticipated
- Range-bound trading forecast for USD
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.