USD/JPY Rebounds from 146.30 Support, Awaits Market Developments
The USD/JPY pair bounced back from the support level at 146.30 and is now awaiting further developments. The strengthening of the Yen is attributed to solid fundamentals and market expectations of a policy shift by the Bank of Japan, bolstered by a general increase in wages in Japan, which supports more enduring inflation.
|
Resistance 3 |
Resistance 2 |
Resistance 1 |
Support 1 |
Support 2 |
Support 3 |
|
152.00 |
149.70 |
148.00 |
146.30 |
145.00 |
144.00 |