USDJPY DAILY CHART: 140-150?
Extended its recovery high but could not sustain a brief break above 149.50
I saw a bank forecast calling for a 140-150 range ahead of the March 31, 2025 fiscal year end.
I was also sent this:
The problem w reading “news” : BOJ may not be as dovish as Ueda’s cautious rhetoric suggests – Reuters
Whatever the case, 150 is clearly the pivotal level, especially with the 100 and 200 day moving averages (see chart) above 151.
Unless 150 is taken out, some will assume this is the top with the bottom somewhere between 145-148. To make a run at 150, 149.50+ would need t trade.