USD/JPY Faces Downside Risk as Resistance Holds Firm
The USD/JPY pair shows signs of turmoil after a recent upward movement was met with resistance. Following a 1.1% drop on Monday, traders are alert to ongoing downside risks. The pair struggles under key Fibonacci retracement barriers at 144.13/21, complicating immediate forecasts. Investors are keenly analyzing price behavior to spot potential breakouts or reversals. The volatility in USD/JPY highlights the ever-changing nature of forex trading, making it crucial for traders to stay vigilant during this period.