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USD/JPY Price Forecast: US Dollar nears 155.00 with bulls losing steam
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USD/JPY: Potential minor top at 155.30, USD at risk of bearish reversal towards 154.20/153.65
Key takeaways The Japanese yen has been the weakest major currency over the past month, with USD/JPY climbing nearly 3%—outpacing the US Dollar Index’s 0.9% gain—amid political pressure for looser monetary policy. USD/JPY’s surge above 155.00 has heightened FX-intervention risk, prompting verbal warnings from Japan’s Finance Minister over rapid, one-sided yen depreciation. A high-stakes meeting […] The post USD/JPY: Potential minor top at 155.30…
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