The U.S. Dollar has gained against the Japanese Yen in early North American trading, bolstered by strong U.S. economic data and a range of comments from neutral to hawkish by Federal Reserve officials. The USD/JPY is trading at 154.61, up 0.22% from the open, maintaining its upward trajectory.
USD/JPY buyers might push the exchange rate to challenge the 155.00 level. Beyond this, the next stops could be 155.78 and the recent cycle high of 160.32. Conversely, a drop below 154.00 could trigger a retreat to the April 12 high, shifting support to 153.38 before potentially falling to 153.00.
USD/JPY buyers might push the exchange rate to challenge the 155.00 level. Beyond this, the next stops could be 155.78 and the recent cycle high of 160.32. Conversely, a drop below 154.00 could trigger a retreat to the April 12 high, shifting support to 153.38 before potentially falling to 153.00.
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