USD/JPY Price Forecast: Edges up amid rising US yields, yet remains bearish

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USD/JPY Price Forecast: Edges up amid rising US yields, yet remains bearish
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The Japanese Yen (JPY) lost ground against the Greenback on Monday as the USD/JPY pair edged up 0.13% amid an uptick in US Treasury bond yields.

USD/JPY stays under Ichimoku Cloud and 200-DMA at 151.22, maintaining downtrend with easing selling pressure. RSI trends upward, suggesting a potential short-term rally if USD/JPY surpasses 145.00. Resistance levels at 146.42 , 147.91 , and 149.39 . Below 144.00, key support at 141.69; further drop could target psychological 140.00 level. The Japanese Yen lost ground against the Greenback on Monday as the USD/JPY pair edged up 0.13% amid an uptick in US Treasury bond yields.

Conversely, if USD/JPY slumps below the 144.00 figure and the pair could tumble towards the latest cycle low seen at 141.69, before challenging 140.00. USD/JPY Price Action – Daily Chart Japanese Yen PRICE Today The table below shows the percentage change of Japanese Yen against listed major currencies today. Japanese Yen was the strongest against the US Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD -0.02% 0.00% 0.01% -0.01% 0.00% -0.00% -0.01% EUR 0.02% 0.03% 0.03% -0.00% 0.04% -0.01% -0.

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