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Japanese Yen Forecast

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by , 07-18-2022 at 04:16 PM (306 Views)
      
   
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The Japanese Yen is vulnerable to external forces with the Bank of Japan still expected to be one of the few remaining dovish central banks. Is it all clear for USD/JPY to keep rising then?
Weekly price is on strong bullish trend by breaking the bullish triangle pattern to above: if the resistance level at 137 is crossed by the price to above on close weekly bar so the strong bullish trend will be continuing, alternatively - the price will be on secondary ranging waiting for direction.

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