USD/JPY Price Analysis: Key Movements around Psychological Support of 150.00

Wednesday, 21 February 2024, 12:14

The USD/JPY pair continues to hover near the crucial psychological support level of 150.00, marking its third straight day in the negative zone. Traders are closely monitoring the pair's movements as market sentiment remains cautious.
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USD/JPY Price Analysis: Key Movements around Psychological Support of 150.00

USD/JPY Price Analysis

The USD/JPY pair remains in the negative territory for the third consecutive day, hovering around the psychological support level of 150.00.

Key Points:

  • Importance of 150.00 Support: The psychological level of 150.00 is a key indicator for the pair's near-term direction.
  • Market Sentiment: Traders are cautious amid ongoing uncertainty.

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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