USD/JPY Weekly Outlook – Bullish Resilience Amidst Technical Strength and Diverging Policies
USD/JPY sustained bullish momentum last week, rebounding above the 20-day MA and hitting 157.70 resistance. Key supports stand at 153.59 and 151.86, with potential upside toward 160.00 and 161.80. Technicals and macro fundamentals, including Fed’s hawkish stance vs. BOJ’s dovish policy, favor continued USD strength. Traders should watch for a MACD signal of short-term consolidation ahead. Full analysis: ActionForex.com
