The Japanese Yen (JPY)
Key news events today
No major news events.
What can we expect from JPY today?
Overnight, the USDJPY tested the 135-round number resistance level several times but failed to break higher, despite the strength of the DXY. Currently trading at the 134.80 price level, look for the USDJPY to consolidate briefly before potentially breaking out to the upside. If the price breaks above the 135 price level, the next key resistance level for the USDJPY is 138.
Central Bank Notes:
Cash rate stands at -0.1%
Expanded range for 10 year JGB yield fluctuations to 0.5%
Next meeting is on 8 March 2023
Next 24 Hours Bias
Weak Bearish
