Dollar Soars on Safe Haven Demand As USDJPY Breaks Key Barriers
In recent trading, the USDJPY has shown strong upward momentum as it penetrated daily cloud levels between 144.74 and 145.54. This movement indicates that bulls successfully broke through significant Fibonacci barriers at 145.35 and 145.38. This breakthrough represents 50% levels of both the ranges 148.64 to 142.11 and 148.02 to 142.68. Investors should closely monitor this trend, as the potential for further gains exists, driven by shifts in market sentiment favoring the US dollar amid economic uncertainties. The currency pairโs robustness reflects growing demand for safe-haven assets like the dollar, positioning it strategically for potential advancements in the coming sessions.