USD/JPY Outlook (4 July 2022)

Yen weakness is expected to persist, with the BoJ on their ultra loose policy path, diverging from the other Central Banks seeking further tightening.

Look for the USDJPY to consolidate above 134.50 before further upside could be likely, with the USDJPY climbing higher towards 137.00 (a repeat scenario of June 20th and 27th)

In the longer term, the USDJPY could reach 150, but it is currently too early to tell, with historic high level 137.00 standing in the way.
ForexFundamental AnalysisTechnical IndicatorsjpyTrend AnalysisUSDUSDJPY

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