USD/JPY hovers at 151.28, with traders wary of potential Japanese market intervention to support the Yen. US Q4 GDP growth surpasses expectations at 3.4%, while jobless claims and consumer sentiment indicate a robust economy. Fed Governor Waller's hawkish stance underscores the need for sustained inflation progress, influencing rate cut expectations. The USD/JPY remains subdued during the North American session, trading at 151.
USD/JPY Price Analysis: Technical outlook The daily chart suggests the USD/JPY has peaked at around the 151.20/151.90 area, although the bullish bias remains. A clear break above 152.00, could pave the way for challenging 153.00. On the other hand, a pullback is seen if sellers push the exchange rate below 151.00, with the Tenkan/Sen seen as first support at 150.44, followed by 150.00 and the Senkou Span A at 149.84.
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Source: FXStreetNews - 🏆 14. / 72 Read more »