2024-11-13 18:10
IndustryUSD/JPY may keep rising
I expected the USD/JPY to move between 151.30 and 154.70, but I didn't expect the rally to come so quickly, and the USD/JPY surged above 154.70 (the high was 154.92). Increasing momentum suggests that the USD/JPY has further to go, possibly to 156.00. To maintain this momentum, USD/JPY must hold above the support level of 153.35. On the other hand, the higher USD/JPY rises, the greater the risk of exchange rate intervention on the part of Japan, which is also something to be careful about.
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USD/JPY may keep rising
Hong Kong | 2024-11-13 18:10I expected the USD/JPY to move between 151.30 and 154.70, but I didn't expect the rally to come so quickly, and the USD/JPY surged above 154.70 (the high was 154.92). Increasing momentum suggests that the USD/JPY has further to go, possibly to 156.00. To maintain this momentum, USD/JPY must hold above the support level of 153.35. On the other hand, the higher USD/JPY rises, the greater the risk of exchange rate intervention on the part of Japan, which is also something to be careful about.
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