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Fri, Apr 19, 2024

Japanese Yen got weak due to tighter lockdown. USDJPY is going to reach the Resistance level 112.00
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USDJPY Analysis

USDJPY is going to reach the Resistance zone 112.00

USDJPY going to reach the Resistance zone 112

Japanese Yen makes lower as Japanese Government makes tighter restrictions on Lockdown.

And the US Dollar 10-year yield dropped down 1.68% as the Profit booking phase; this correction seen in the Japanese Yen versus US Dollar in the short term during this holidays this week.

US economy Improving

Joe Biden Package of $2.2 Trillion packages for infrastructure supports the Domestic Economic and US Dollar.

This Drives the USDJPY to climb up.

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