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USDJPY breaks above key levels of resistance, hits three year highs

by Joel Frank
12 October 2021
in Forex
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USDJPY broke above a key area of resistance just above the 112.00 area at the start of the week and has since pressed on to three year highs in the mid-113.00s. Widening US/Japan rate differentials with the Fed expected to react to higher inflation (and the BoJ not) has been the main driver of the move, though concerns about the impact of rising energy costs on Japan’s balance of payments is also a factor.

For more trading details, please check the hyperlinks with time stamp indicated from the video:

0:25 USD/JPY

Tags: BOJEnergy PricesFOMCUSDJPY
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