Japanese Yen Forecast: Momentum Pushing JPY-crosses Higher – Levels for EUR/JPY, GBP/JPY, USD/JPY – DailyFX

Japanese Yen Forecast Overview:

  • The Japanese Yen continues to weaken as risk appetite has firmed on the back of US President Trump leaving the hospital and Congress moving closer towards a fiscal stimulus deal.
  • The trio of EUR/JPY, GBP/JPY, or USD/JPY continue to advance towards bullish breakout territory yet; all three pairs have seen significant momentum shifts and are now challenging key resistance.
  • Per the IG Client Sentiment Index, the Japanese Yen has a bearish bias.

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