The USD/JPY forecast is pointing towards a potential death cross as the currency pair approaches the upcoming Jackson Hole meeting. This indicator typically signals a bearish trend, where the short-term moving average crosses below the long-term moving average. Traders are keeping a close eye on this development as it could indicate a further decline in the USD/JPY exchange rate. The Jackson Hole meeting, scheduled for later this week, could also impact the currency pair’s movement as investors look for clues on monetary policy from central bank officials. Stay tuned for updates on the USD/JPY forecast as the death cross nears.
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