USDJPY being limited due to the Israeli-Palestinian conflict
The USD/JPY pair is facing difficulties in taking advantage of the positive movement on Friday and starts the new week with a small downward gap. Despite this, spot prices manage to recover slightly from levels below 149.00, which was the lowest point of the day. However, there is a lack of continuation due to the increasing tensions in the Middle East, which usually leads to the Japanese Yen (JPY) being seen as a safe-haven currency.
If the world political situation stabilizes USDJPY will continue to increase and reach the old peak of 150,000
The USD/JPY pair attracts some dip-buying following an intraday slide to the 148.25 region on Thursday and climbs to the top end of its daily range during the first half of the European session. Spot prices currently trade around the 149.00 mark, though lack follow-through in the wake of speculations that Japanese authorities will intervene in the FX market to defend the domestic currency.
If the world political situation stabilizes USDJPY will continue to increase and reach the old peak of 150,000
The USD/JPY pair attracts some dip-buying following an intraday slide to the 148.25 region on Thursday and climbs to the top end of its daily range during the first half of the European session. Spot prices currently trade around the 149.00 mark, though lack follow-through in the wake of speculations that Japanese authorities will intervene in the FX market to defend the domestic currency.
