USD/JPY Price Analysis: Struggles and Possible Decline Below 158.00

Monday, 15 July 2024, 19:45
The USD/JPY pair faced challenges maintaining levels under 158.00 due to interventions, indicating a potential bearish trend. Despite initial losses, a slight recovery was witnessed during the North American session. Traders are now closely monitoring the ongoing struggle and anticipating a further decline in the pair's value.
Fxstreet
USD/JPY Price Analysis: Struggles and Possible Decline Below 158.00

USD/JPY Price Analysis

The USD/JPY pair is encountering difficulties staying below the 158.00 mark.

Intervention Impact

Despite facing intervention challenges, there was a minimal loss of 0.02%.

Late Recovery

The pair managed to regain some position towards the end of the North American trading session, showing signs of potential resilience in the market.

  1. Traders' Focus
  2. Potential Bearish Trend

Closely observing the struggle, market participants are gearing up for a probable downward movement in the pair's pricing.

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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