USD/JPY Faces Crucial Test Near Key Support as Technicals Hint at Possible Reversal — Daily Outlook June 10, 2024
USD/JPY remains range-bound near key support at 155.70 and resistance around 157.70, within an overall bullish medium-term trend. Watch for a break below 155.70 signaling deeper correction or a push above 157.70 for upside continuation. Momentum indicators and Fed-BoJ policy divergence add caution to near-term outlook. #Forex #USDJPY #TechnicalAnalysis
