USD/JPY Shows Downward Bias Amid Sideways Trading
USD/JPY is trading in a sideways pattern this week, currently hovering around 154.30. Overnight movements indicate potential challenges for the pair. Analysts at OCBC, including Frances Cheung and Christopher Wong, highlight the current downward bias. They suggest that this trend may continue as traders digest recent market data. It is crucial for traders to stay informed about global economic changes. Understanding the sentiment and movements in the USD/JPY pair can help traders make informed decisions. Monitor this pair closely for possible shifts in momentum and prepare your strategies accordingly.
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