USD/JPY Price Forecast: Plunges below 144.00 as downtrend resumes

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USD/JPY Price Forecast: Plunges below 144.00 as downtrend resumes
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The USD/JPY collapsed late during the North American session and fell below 144.00 for the first time since last Wednesday.

USD/JPY declines to 143.77, weighed by falling US 10-year Treasury yields and bearish market sentiment. Key support at 143.45 is now in focus, with further downside risks toward the 143.00 and 142.50 levels. Bulls need to reclaim the Kijun-Sen at 148.45 to regain control, with 150.00 acting as a critical resistance. At the time of writing, the major is at 143.77, losing more than 1%.

00 mark, followed by the 142.50 and 142.00. Once hurdled, the next stop would be the August 5 low of 141.69. For bulls to regain control, they must regain the Kijun-Sen at 148.45 before reclaiming the 150.00 figure above the latest cycle high of 149.39. 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 Swiss Franc.

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