USD/JPY Plummets Below 149.00 – What’s Next for Traders?
USD/JPY has dropped under the 149.00 mark, reflecting significant shifts in market sentiment. Recently, Japan’s Government Pension Investment Fund announced a critical 5-year asset allocation plan, sparking interest and speculation. This unexpected news may influence USD/JPY’s next moves. As the currency market reacts, traders should prepare for potential fluctuations. Analysts advise monitoring economic indicators from both the US and Japan to gauge future trends effectively. Staying informed on geopolitical events is crucial for understanding how these currencies may interact in the coming sessions.