USD/JPY remains range-bound between 148-149, with potential to rise towards 150.30 if market momentum strengthens.
USD/JPY Enters Range Trading Phase with Potential Upside to 150.30
The USD to JPY currency pair has entered a period of range-bound trading, possibly moving towards a target of 150.30.
The USD to JPY exchange rate is currently fluctuating between the range of 148 and 149 yen per US dollar; experts are mentioning the chance of a rise towards 150 yen if market momentum picks up strength. Recent market movements indicate a situation in this range, which is capturing the attention of traders towards technical markers.
The pair’s momentum is backed by the U.S. dollar maintaining levels above 148.30; unless there’s a shift above resistance or below support levels that happens soon, trading activity is expected to remain within the range.
Traders will closely watch for indicators that validate any continued progress beyond this stage and assess how economic data and central bank decisions impact the possibility of a market shift ahead.
