"USD/JPY Extends Gains Amid Stable USD and Fed Assurance"
The USD/JPY pair extended its winning streak into the fourth consecutive session on Tuesday. This asset strengthened as the US Dollar appeared stable, thanks to Federal Reserve (Fed) officials affirming that interest rates would remain at their current level for an extended period.
The short to medium-term bullish outlook remains intact, with the pair maintaining its trend above the 34 and 89 EMAs, characterized by higher highs and higher lows.
The short to medium-term bullish outlook remains intact, with the pair maintaining its trend above the 34 and 89 EMAs, characterized by higher highs and higher lows.
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