The USD/JPY continues to trade with a heavy bias while the general softness of the USD persists. The torque was for the last time at levels of 140.34, the FX analysts of OCCBC, Frances Cheung and Christopher Wong point out.
The bias is still biased
“The main commercial negotiator Akazawa said there was no discussion about FX during commercial conversations last week, but the discussion about foreign currency between the US Treasury Secretary. UU., Besent, and the Minister of Finance, Kato, can still be possible this week when they meet (probably on April 23/24). Therefore, there is more likely that there is some pressure down on the USD/JPy.”
“Keep in mind that the Minister of Finance, Kato, had previously said that a weak JPY will not be tolerated when the nation needs to hold commercial conversations with the US. USD after the meeting. “
“The daily momentum is bassist while the RSI fell even more in overall conditions. The bias is still biased. Support at levels of 140 and 139.60. Resistance in 141.60 and 144.10.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
