USD/JPY Price Analysis: Bullish fundamentals meet a technically bullish chart bias

USD/JPY Price Analysis: Bullish fundamentals meet a technically bullish chart bias USDJPY Technical Analysis Currencies

USD/JPY bulls eye a -272% of the prior bearish correction's range at 133.70.could be about to make a move to the upside for this week's initial balance range as the Asian shares fall on Monday.

Risk-off themes have tended to benefit the US Dollar lover of the Japanese currency as the Yen lost some of its appeals as the currency of choice to fund so-called carry trades at the turn of last year. Speculators cut bearish bets on it to the lowest level in nearly four months in the wake of December's shock move by the Bank of Japan.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FXStreetNews /  🏆 14. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cardano (ADA) Price Analysis for February 11Can the rate of ADA remain above $0.36 until the end of the week? CardanoStiftung ADAcoin_ Cardano cardano Cardano_ emurgo_io CardanoCommunity
Read more »

XRP Price Analysis for February 11Can one expect XRP to bounce back soon? pYoyo ANT159694954 nuonrg WillyWonkaXRP RippleXrpie
Read more »

Bitcoin (BTC) Price Analysis for February 12Can BTC return to $22,000 next week? NickSzabo4 alistairmilne Maybemore_DC WhalePanda maxkeiser Rager
Read more »

SHIB Price Analysis for February 12Can SHIB keep rising against the fall of other coins?
Read more »

NZD/USD Price Analysis: Bears approach five-week-old support near 0.6280NZD/USD Price Analysis: Bears approach five-week-old support near 0.6280 NZDUSD Technical Analysis ChartPatterns SupportResistance TrendFollowing
Read more »

USD/CHF Price Analysis: Approaches critical resistance below 0.9300 amid a dismal market moodUSD/CHF Price Analysis: Approaches critical resistance below 0.9300 amid a dismal market mood USDCHF Fibonacci SupportResistance RiskAversion Inflation
Read more »