USD/JPY Outlook: Bulls Persist as Price Approaches Key Resistance Levels in the Medium Term
USD/JPY extended its medium-term uptrend last week, closing above key support around 155.50 and testing resistance near 157.70. Technicals point to potential gains toward 160.12 if resistance breaks, while failure to hold support may trigger short-term corrections. Market focus remains on Fed-BoJ policy divergence sustaining USD strength amid cautious momentum. Stay tuned for further developments. Full analysis by ActionForex.com.
