USD/JPY: Consolidation Expected Amid Market Movements
The US Dollar is likely to consolidate against the Japanese Yen between the levels of 149.40 and 150.50. According to analysts at UOB Group, while there is potential for the USD to gain, facing resistance near 151.00-151.30 may impede momentum.
In such turbulent markets, traders need to focus on these critical levels to determine entry and exit points. Keeping updated on economic releases and market sentiment is vital for navigational success in this forex environment.