Get started
arongroups

The yen is strengthened due to the intervention

Short
U.S. Dollar / Japanese Yen (FOREXCOM:USDJPY)  
arongroups  
FOREXCOM:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis USDJPY
13
2
trendanalysis usdjpy
The yen is strengthening due to the intervention of the central bank of Japan

Looking at the trend in the four-hour time frame, USD/JPY enjoys the resistance of the descending channel ceiling in the range of 154.82-154.12, and thus, the scenario is strengthened that USD/JPY reaches the support of the channel floor in the 261.8 Fibo zone. percentage in the number of 149.02 to reduce the price.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.