USDJPY Faces a Downtrend with Target at 135.492

7 日前The USDJPY chart is showing a strong downtrend after reaching a peak in July.

Currently, the price is trading around 142.67 with a clear descending wedge pattern forming. Strong resistance lies at 147.537, while the projected downside target is 135.492.

The EMA 34 and EMA 89 both indicate a downward trend, confirming selling pressure.

In terms of news, U.S. economic factors, especially the CPI report, are having a significant impact on the USD. If inflation decreases, the USD may weaken, allowing USDJPY to continue its downtrend toward lower levels.

6 日前

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USDJPY is slightly rising, trading around the 147.50 level due to the weakening of the Yen following news from the Bank of Japan about maintaining its ultra-loose monetary policy. Meanwhile, the USD is supported by expectations that the Fed will keep interest rates high in the near future.