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USD/JPY Price Forecast: Clashes at 159.00, retreats to 50-day SMA
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USD/JPY Price Forecast: Clashes at 159.00, retreats to 50-day SMA
USD/JPY edges lower during the North American session on Monday, sponsored by geopolitical headlines that weighed on the US Dollar (USD). In the meantime, fears of a possible intervention of Japanese authorities in the FX markets underpinned the Japanese Yen (JPY). At the time of writing, the pair trades at 158.91, down 0.19%. USD/JPY Price Forecast: Technical outlook From a technical perspective, USD/JPY is consolidating above the 50-day Simple…
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