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- USDJPY is ready for a rapid move
USDJPY is ready for a rapid move
The Yen against the Dollar is at the pivot point on H4 timeframe. The price is slightly below the 200 EMA, which crosses the current resistance area at 134.3. U.S. inflation data could be a good driver to move the pair in either direction. So, it is vital to monitor the direction the price will take. If it goes up then it may reach 136.5. However, it is likely that the price will bounce from the level of 134.3 towards the support level of 131.
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