The USD/JPY fell as the demand for sure shelter overwhelmed when Japan was beaten with a reciprocal tariff rate of 24%. The USD/JPY was last at levels of 146.69, the FX analysts of OCCBC, Frances Cheung and Christopher Wong point out.
Bass risks down
“The bullish impulse in the daily graph faded while the RSI fell. The risks are biased down. The next support is at 146.50 levels. Resistance at levels of 149.00/20 (DMA of 21, 50% fibonacci setback).”
“We reiterate our opinion that beyond the short -term impact of tariff Strongest IPC, etc.). “
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
