US EditionJapanese Yen Weakens as Markets Await US Employment Data - Action Forex
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Japanese Yen Weakens as Markets Await US Employment Data - Action Forex
On the H4 chart, USD/JPY continues to consolidate around 143.33. The current move is heading towards 144.23. A downward breakout from this range would pave the way for a decline to 142.20, with a possible extension to 140.50. Conversely, an upward breakout could trigger a bullish move towards 146.25. The MACD indicator supports this scenario, with its signal line below zero and pointing sharply upwards, indicating growing bullish potential.
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