USDJPY: Strong Uptrend Confirmed with Key Support and Resistance Levels
Over the past three trading days, USDJPY has exhibited a strong uptrend, closing yesterday at 158.034, a slight increase from the previous day. The market sentiment has been influenced by several factors including US Department of Justice subpoenas affecting the Fed and thereby adding pressure on the dollar, alongside political developments in Japan such as a possible snap election by Takaichi, which has weakened the Yen. These combined news have pushed USDJPY above the 158 level. For the average investor, this signals continued dollar strength and short-term yen weakness, warranting close monitoring of economic data and policy moves ahead.


