fromLondon Business News | Londonlovesbusiness.com
3 weeks agoUSDJPY between the Fed's grip and market sentiment - London Business News | Londonlovesbusiness.com
The USD/JPY pair is moving on a volatile path, reflecting the uncertainty that dominates global markets. The pair managed twice to approach the 149.00 level during Wednesday's trading, even briefly reaching its highest level in five weeks at 149.14, but it failed to break above the 200-day EMA near 148.22. This reveals a lack of momentum, as traders await the pivotal U.S. economic data scheduled for release this week.
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