"Yen's Technical Outlook and Intervention Risk Amidst US Dollar Recovery and Consumer Sentiment Focus"
TL;DR
The Japanese yen's technical outlook against the US dollar, euro, and Australian dollar shows mixed signals. USD/JPY is facing resistance at the psychological 150 mark, but there is no sign of a reversal in the uptrend. EUR/JPY is struggling to extend gains as it is capped by strong resistance, but it continues to hold above key support. AUD/JPY is holding above strong converged support, indicating a broader upward bias, but the path of least resistance remains sideways unless it clears the June high.
- Japanese Yen Technical Outlook: USD/JPY, EUR/JPY, AUD/JPY Price Setups DailyFX
- IMF sees recent yen falls as reflecting fundamentals Reuters
- USD/JPY Weekly Forecast – US Dollar Recovers During the Week FX Empire
- Yen (JPY USD) Shy of 150 Level With Intervention Risk After US Inflation Data Bloomberg
- USD/JPY Price Analysis: Treads waters below 150.00, focus on US Consumer Sentiment FXStreet
- View Full Coverage on Google News
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