DailyBubble News
DailyBubble News

USD/JPY Forecast – US Dollar Gives Up Early Gains

The US Dollar has been on an uptrend against the Japanese Yen, with some hesitation leading up to important meetings for both currencies. The upcoming FOMC meeting and Bank of Japan meeting are expected to bring volatility to the market. Despite potential short-term pullbacks, many see them as buying opportunities rather than a reason to fight the overall uptrend.

A key level to watch is the 155 yen mark, along with the 50-day EMA. If the market were to break below this level, the next support could be around 152 yen. The trend is expected to continue due to the stark differences in monetary policies between the Federal Reserve and the Bank of Japan. The Bank of Japan is facing significant debt issues that prevent it from raising interest rates, unlike the Federal Reserve.

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