The USD/JPY is declining from the 151.00 level in Asian trading on Thursday, weakened by the recent weakness of the US dollar along with low interest rates from the US Treasury. The hawkish stance of the Bank of Japan provides some support for the Japanese Yen and acts as the main resistance for the USDJPY pair.
The Fibonacci price decline indicates that the next extended drop could push this currency pair to lower levels at 149.00 and ultimately target 147.00 as the lowest point.
The Fibonacci price decline indicates that the next extended drop could push this currency pair to lower levels at 149.00 and ultimately target 147.00 as the lowest point.
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