USD/JPY: Cautious ahead of the 149.50-150 resistance zone – OCBC USDJPY Banks
USD/JPY was last seen trading just below the 149 level. Economists at OCBC Bank highlight that the 149.50-150 area is an important resistance zone.“Intervention risks are on the rise as the magnitude of USD/JPY gains is increasing.”intact while RSI shows signs of turning from overbought conditions.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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