Could USD/JPY test its 52-week high again?

AAATrade Team AAATrade

USD/JPY

Looking at USDJPY’s chart, we can see that after the Japanese government intervention the FX pair fell sharply from around 145.78 to below 141 but then climbed back to the current rate of around 144.78. If today it will not manage to pass its resistance level which is located at around 145, then we could expect it to drop towards the level of 142.50 otherwise it should test again its 52W high.

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AAATrade Team

AAATrade

The AAATrade Team has extensive experience in content writing for the financial industry. Stelios Nikolaou is the lead writer of the team, he currently works at AAATrade to provide research and content writing services.

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