The U.S. Dollar/Japanese Yen (USDJPY) Forex pair is currently being analyzed using Elliott Wave technical analysis. This method involves identifying patterns in market movements to predict future price trends.
According to experts at FXStreet, the USDJPY pair is showing signs of a potential bullish trend based on the Elliott Wave theory. This suggests that the pair may be on the verge of a price increase in the near future.
Traders and investors are advised to closely monitor the USDJPY pair for any further confirmation of this potential bullish trend. By staying informed and following technical analysis indicators, they can make more informed decisions when trading this currency pair.