USD/JPY holds losses below 150.50
Dear friends,
Today, the USDJPY has continued to face resistance below the 150.750 mark during the early trading hours of the new week.
This pair is experiencing a decline due to falling U.S. Treasury yields amidst cautious sentiment and concerns over forthcoming U.S. inflation data. Nonetheless, the recent strength of the U.S. Dollar could limit the downside for USD/JPY as long as the support level at 149.700 remains robust, thereby keeping the rebound prospects for USDJPY favorably high.
Today, the USDJPY has continued to face resistance below the 150.750 mark during the early trading hours of the new week.
This pair is experiencing a decline due to falling U.S. Treasury yields amidst cautious sentiment and concerns over forthcoming U.S. inflation data. Nonetheless, the recent strength of the U.S. Dollar could limit the downside for USD/JPY as long as the support level at 149.700 remains robust, thereby keeping the rebound prospects for USDJPY favorably high.
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