USD/JPY Price Analysis: Bulls on course for a 129.50 target

USD/JPY Price Analysis: Bulls on course for a 129.50 target USDJPY Technical Analysis

USD/JPY has indeed corrected higher and remains in the hands of the bulls as we enter the rollover and early hours of the Asian session.

As illustrated, the price is on the backside of the trend and a breakout to the upside is gathering momentum after a test of the structure around 128.80. The 38.2% Fibonacci is a first target near 129.50 with 131.20's eyed thereafter. Information on these pages contains forward-looking statements that involve risks and uncertainties.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FXStreetNews /  🏆 14. in US

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

USD/JPY Price Analysis: Attempts recovery around 127.00 as focus shifts to BOJ policyThe USD/JPY pair has retreated after sensing buying interest around 127.20 in the early European session. The asset has followed the footprints of the
Read more »

Weekly Forex Forecast \u2013Gold, EUR/USD, USD/JPY, AUD/USDThe difference between success and failure in Forex / CFD trading is highly likely to depend mostly upon which assets you choose to trade each week.
Read more »

USD/JPY bulls move in and eye a correction towards 129.50USD/JPY is pressured due to a number of impactful macro themes, including the Bank of Japan's recent pivot, the Federal Reserve's decreasingly hawkish
Read more »

USD/JPY slides toward 127.00 as Japanese Yen keeps rallying ahead of BoJ decisionUSD/JPY is holding the latest downtick below 127.50, having renewed eight-month lows at 127.24. Bears remain in control at the start of the week on Mo
Read more »

Pairs in Focus This Week-GBP/USD, EUR/USD, USD/JPY, AUD/USDGet the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of January 15th, 2022 here.
Read more »

USD/JPY can trade down to 126.50 before BoJ’s meeting – INGThe Japanese Yen remains very much in demand ahead of Wednesday's BoJ decision. In the view of economists at ING, the USD/JPY pair could slump to 126.
Read more »