USD/JPY: Major Resistance at 159.00 and Upward Bias Expected
The USD/JPY currency pair is expected to show an upward bias with potential movement towards the 158.65 level before a possible pullback. Analysts at UOB Group suggest that major resistance lies at 159.00, which may be challenging to surpass. Observing technical indicators is critical for traders as they assess the potential trajectories of USD/JPY. Attention to economic data releases will also provide insights into the pair’s movement. Investors should remain cautious and prepared for fluctuations, as this pair reflects broader market dynamics.
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