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Yen Rally Gains as USD Slips Below 155
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Yen Rally Gains as USD Slips Below 155
USD/JPY trades below 155 as of writing, extending last week’s drop and marking a shift in short- to medium-term market dynamics. The pair dropped after failing to sustain momentum above levels that had anchored price action for months. The move followed a volatile and bearish January that saw USD/JPY swing between a low of 152.09 and a peak around 159.45. While price found support near long-term averages, momentum weakened, and traders began re…
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