USDJPY eyes resistance as forex market weighs economic divergence | Market Outlook
In this week's Exness Market Outlook we zoom in on the forex trading landscape, with a special focus on the USDJPY pairing. Amidst a backdrop of the US economy's steady performance, forex traders are eyeing the ¥160 mark as a notable resistance point in the dollar's robust uptrend against the yen. As the forex market anticipates the potential for the USDJPY to retest its highs, key economic releases from Japan, including trade balance and inflation data, are on the radar. Additionally, whispers about the Bank of Japan's possible policy shift in July are stirring the market's curiosity. Stay tuned as we dissect these dynamics and their implications on forex trading strategies in the upcoming week. Trading is risky. Trade with care and keep watching our informative videos to enhance your trading skills and strategies. Explore our better-than-market trading conditions on our website: bit.ly/Exness-homepage-mo #tradeonline #onlinetrading #forexmarket #forextrading #USDJPY #USeconomy #Japaneconomy
Read EXNESS Broker Review June 19, 2024 at 06:03PM Exness
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