💵 USD/JPY Attention Retreat 💵

💵 USD/JPY Attention Retreat

💵 USD/JPY attacked the 147.9 price level for the third time on Friday

💵 You can see that the market is struggling to break through this level

💵 Adding to the fact that Investors from around the world have begun to prepare for the upcoming interest rate cuts in the US and rising inflation. Which will contribute to the decline in the value of the dollar over time

💵 I don't see further upside potential under such circumstances.

💵 The Japanese Yen is also not showing, strength at all, but looking at how much it has fallen over the past year, and the fact that the BOJ itself is emphasizing the fact that the Japanese Yen is priced too low in global markets.

💵 This may cause encouragement for the strengthening of the Japanese Yen in the near term.

💵 The current scenario assumes a slow strengthening of the Japanese Yen over time.

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