USD/JPY in Limbo at 144.00: Awaiting Key US Data
The US Dollar’s recent recovery has stalled during European trading hours, particularly at the 144.00 mark against the Japanese Yen. This indecision is evident on the 4-hour chart, where doji candles signal market uncertainty. Traders must remain alert for economic data releases, as these may impact the USD/JPY’s direction significantly. Monitoring economic indicators will be crucial for making informed trading decisions in this dynamic environment. Every piece of information can sway the market, so vigilance is imperative.