Uptrend Continues on USD/JPY
The USD/JPY pair continues to move in an upward direction on the 4-hour chart. Prices rose from the 148.50 level, which represents the 4H FVG area. Notably, the dollar is gaining strength due to ongoing weakness in the Japanese yen and positive sentiment surrounding the U.S. economy. The bullish trend is expected to continue today.
Key U.S. Economic Data in Focus
Today, traders are awaiting the release of U.S. job openings and labor turnover data. These figures will likely impact the dollar’s movements throughout the session and, by extension, the USD/JPY pair.
Liquidity Levels and Key Targets
Prices are expected to rise and target 149.15, followed by 149.55.
The bullish scenario will be invalidated if the price drops to 147.65.
