USD/JPY Faces Solid Resistance: Can it Rise Above?
The US Dollar is likely to continue showing strength. Current analysis suggests that there is solid resistance at 147.50, which may not be threatened in the near term. Price action indicates potential for further Dollar increases, but whether or not it can approach 147.50 remains uncertain, according to analysts at UOB Group.
Understanding these resistance levels will be vital for traders aiming to capitalize on the shifting dynamics in USD/JPY. Those keeping a keen eye on this pair will want to react quickly to any changes in momentum that may emerge.