The USD/JPY pair resumed its growth and now is located at 149.85 at the time of writing. The Dollar Index's growth forced the greenback to drag the price higher. The bias is bullish, so further growth is natural. On the other hand, the Japanese Yen depreciated as the Yen Futures dropped deeper.
As you already know, the USD rallies also because the US reported positive data yesterday. Today, the US reported mixed data. Tomorrow, the Japanese Trade Balance is expected at -0.54T. On the other hand, the US is to release the Unemployment Claims, Philly Fed Manufacturing Index, Existing Home Sales, and CB Leading Index. Positive US figures should lift the greenback.
USD/JPY Trading In The Green!
Technically, the USD/JPY pair is challenging the former high of 149.82 which stands as a static resistance.
The false breakdown with great separation below the uptrend line and under the weekly pivot point of 149.18 announced strong upside pressure.
USD/JPY Forecast!
Today's high of 149.88 stands as a static resistance (key obstacle). Jumping and closing above it activates more gains. This is seen as a buying opportunity.
