USD/JPY rises sharply, facing resistance at 150.769

アップデート済
The USD/JPY pair is in an upward trend, currently trading around 149.318 after rebounding from the 148.228 support level.

The EMA 34 and EMA 89 are both sloping upwards, indicating the potential for further gains. However, if the price fails to break through the nearest resistance at 150.769, it may pull back to the 148.228 support level before resuming its upward movement.

In terms of news, better-than-expected U.S. job data (NFP) has strengthened the USD, reducing the likelihood of a significant Fed rate cut in November. Meanwhile, Japan has ended its negative interest rate policy, but the yen remains weak and may require government intervention.
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