News / Technical Analysis / USD/JPY Eyes Breakout from Downtrend with Key Resistance at 150.00

USD/JPY Eyes Breakout from Downtrend with Key Resistance at 150.00

Published: 13.08.2024 13:55 GMT+01

The USD/JPY currency pair is trying to emerge from a steep downtrend that has pushed it near its 2024 low. A key factor for reversing this bearish trend will be a successful break above the psychological resistance at 150.00. The pair's movements will continue to be influenced by global central bank policies and investor risk appetite. Current major support levels are 143.65 and 142.00.

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