Forex Analysis by Investing.com (Damian Nowiszewski) covering: US Dollar Japanese Yen. Read Investing.com (Damian Nowiszewski)'s latest article on Investing.com
A weaker-than-expected jobs report could fuel further declines in USD/JPY.Unlock Cyber Monday savings! Get 60% off InvestingPro and access top features like ProPicks AI, Fair Value, and the Top Stock Screener for just $6/month.traders face a pivotal moment as the pair approaches the 149 support level, with pressures mounting from both sides of the Pacific.are fueling moves in the currency pair, and based on the technicals, another move lower isn't out of the question.
Despite this hawkish tilt, the BOJ remains cautious. A premature move could disrupt Japan’s economic recovery, especially if U.S. monetary policy takes an unexpected turn. Traders should also consider the yen’s role as a safe haven. Escalating geopolitical risks, especially surrounding the ongoing war in Ukraine, could trigger yen-buying.All Eyes on U.S. Labor Market Data
A decisive break below 149 could open the door to further losses, with 147 as the next target. Conversely, a reversal above 153 would negate the bearish scenario, signaling a return to bullish momentum.
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