USD/JPY Price Forecast: Currencies Rally Beyond 146.00 Amid Rising US Yields
Friday, 30 August 2024, 13:59
USD/JPY Technical Analysis
The USD/JPY rallied past 146.00 for the first time this week, significantly boosted by rising US Treasury bond yields. Technical analysis reveals a strong bullish trend in currencies, suggesting further upward potential.
Impact of US Yields
- Increased demand for USD due to improved yield returns.
- Market participants adjusting positions in response to economic indicators.
Short-Term Forecast
Short-term buyers are currently in control, but they must push the USD higher to maintain upward momentum. Observing key levels in technical analysis will be crucial for upcoming trading sessions.
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