Key Levels to Watch for USD/JPY Ahead of US CPI Data Release
Tuesday, 12 March 2024, 10:43
USD/JPY Consolidation Post BOJ Remarks
The pair rose in Asia trading after BOJ Governor Ueda's recent comments.
Key Resistance and Support Levels
- Resistance: Look out for the 100-day and 100-hour moving averages.
- Support: Focus on the 38.2 Fib retracement level and the 200-day moving average.
Traders are assessing these levels to determine the future direction of USD/JPY.
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.