USD/JPY

Around 13.5% of daily trades. Known as “Gopher,” this pair is popular for its stability and low spreads, influenced by U.S. and Japanese monetary policies.

USD/JPY

USD/JPY Gains Momentum: Bulls Break Key Levels and Set Sights on New Highs

USD/JPY bulls have reclaimed key technical ground, breaking above the 100- and 200-hour moving averages and surpassing the 50% retracement level. Sustained momentum above these thresholds will be crucial as price eyes resistance near 157.10-157.30 and a possible test of multi-week highs. Traders should watch support at 156.20 and trendline levels amid potential volatility. #Forex #USDJPY

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