USDJPY Technical & Fundamental Analysis: Trading Outlook After Breaking Above 155.50 Resistance
Over the past three trading days, USDJPY has shown significant volatility, closing yesterday at 155.756, marking a 0.23% increase from the previous day. Despite prospects of a Bank of Japan rate hike, the pair rebounded to around 155.85 during the early Asian session, snapping a three-day losing streak. The rally is supported by firmer Japanese government bond prices and Nikkei futures. Market sentiment this week has been driven by BoJ’s potential rate hike announcement, coupled with mixed movements in US bonds and equities, resulting in heightened short-term volatility for USDJPY. For the average investor, it translates to closely monitoring Japan’s policy signals and US economic data to seize emerging trading opportunities.


