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US Dollar Forecast: USD/JPY Pulls Back with Fed and BoJ on Tap
USD/JPY holds near the yearly high (147.95) ahead of the Federal Reserve and Bank of Japan (BoJ) interest rate decisions on tap for later this week, and the exchange rate continue to exhibit a bullish trend should the diverging path for monetary policy persists. US Dollar Forecast: USD/JPY Pulls Back with Fed and BoJ on Tap USD/JPY may stage further attempts to test the November 2022 high (148.83) as it seems to be tracking the positive slope in the 50-Day SMA (144.00), and fresh developments coming out of the Federal Open Market Committee (FOMC) may sway foreign exchange markets as the central bank is expected to ... (full story)
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- Posted: Sep 18, 2023 6:10pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 3,209
