USDJPY sits at three-year tops

USDJPY sits at three-year tops

USDJPY sits at three-year tops

USDJPY:

The pair has reached its strongest level since December 2018.

In USDJPY, which has been on the rise for a while, we see that after the declines were experienced, after the non-farm payroll data from the USA was announced as 194K on the last trading day of the last week, we experienced an upward rally and broke new records. If the upward movement continues, if the price exceeds the 113,349 resistance level, it may reach 113,770 and 114,278 levels. However, in possible downtrends, the price may decline to 111,862 – 111.344 and 110,531 support levels.

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