USD/JPY Weekly Price Forecast – US Dollar Continues to Look Bullish

The US Dollar vs Japanese Yen had a volatile week, with the dollar initially trying to rally before pulling back below the ¥160 level. Despite this, buyers are stepping in to take advantage of the situation. The Bank of Japan intervened in the market, but this is not likely to change the overall trajectory. The goal is to prevent a downtrend, with buyers looking to buy on the dips. While CPI numbers were cooler than expected, PPI numbers in America on Friday were hotter than anticipated. The market is expected to continue to see noisy behavior, but buyers are likely to remain active in the coming days.

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