USD/JPY Bears Retreat but Recovery Remains Limited
Current trading patterns indicate an interesting phase for USD/JPY. The daily candles showcase long lower shadows which reveal increased buying interest. Despite this, experts believe that any recovery will likely be constrained as the market continues to lean towards the safe-haven appeal of the Japanese Yen. Traders should proceed with caution as underlying fundamentals may still favor the Yen, potentially limiting any aggressive gains from the USD.