USD/JPY Faces Key Support Levels as Downtrend Persists
The USD/JPY currency pair recently reached a high of approximately 149.18 before the market experienced a pullback. Analysts observe that if USD/JPY remains below the 149.30-50 range, the prevailing downtrend could persist, with immediate support anticipated around 145.90. Traders need to monitor these key levels closely, as breaking below significant support could trigger a more substantial decline. Keeping a watchful eye on market movements will be crucial in navigating the next steps for USD/JPY trading strategies.