USDJPY Breaks Key 159 Resistance: Trading Outlook Amidst CPI Focus and Technical Patterns
Over the past three trading days, USDJPY has exhibited strong bullish momentum, rising from around 158 to close at 159.139 yesterday, marking a new multi-year high. The market sentiment has been driven by steady US December CPI data and the rising odds of a snap election in Japan, which weakens the yen. These factors have reinforced USDJPY’s upward trajectory, placing it in a critical intervention zone. For investors, this signals an attractive trading environment with positive market momentum. Combining recent market news with price dynamics, USDJPY presents clear opportunities for both short-term and medium-term trades.


