DailyFX Blog | Japanese Yen Forecast: USD/JPY Capitulation As …
Jul 29, 2022 · As the Japanese Yen becomes more attractive as global rate differentials narrow. USD/JPY On Course For Largest Drop Since March 2020. Source: Refinitiv. That being said, key support now sits at 131.50 a level I had been looking for in my Q3 top trade. On the topside, the 50DMA will be closely watched in the event of a retracement in USD/JPY.
DA: 80 PA: 46 MOZ Rank: 7