Now that the USDJPY is breaking above the 138 level, better go long, with a stop at 137.00, and targeting a move to 140. forexsignals forexsignal $USDJPY
The interest rate differential remains in favor of the US dollar, suggesting a continuation of the current trend.
Currently, the key level of ¥138 is being tested, and a breakout above this level could potentially trigger a significant upward move, akin to releasing a beach ball held underwater. The interest rate differential remains in favor of the US dollar, suggesting a continuation of the current trend. This is particularly relevant if traders increasingly flock to the US dollar as a safe-haven currency. The market appears poised for a breakout, and once it occurs, it is likely to be a substantial move. Selling the US dollar in the foreseeable future holds little appeal, as market sentiment aligns with buying the currency.
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