$USDJPY Selling Operations Continues
Enter your emailAt the end of last week’s trading, the price of the USD/JPY currency pair moved amid bearish momentum, which subsequently moved towards the 113.46 support level before settling around the 113.85 level at the time of writing the analysis.
In addition, this week sees a slate of fourth-quarter earnings from US technology, financial and industrial companies - leaving US stocks in a weak position with bond yields also rising. In terms of data, we'll take a first look at US Q4 21 GDP data - expected to be close to 5% quarterly annually after the soft December numbers.
Business confidence improved to its highest level in November 2020 due to expectations of improved supply flows and a slowdown in the pandemic.
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