USD/JPY Price Forecast: Bulls move in as pair bounces toward 158.00
USD/JPY recovers some ground and rallies towards a daily four-day high near 157.80 as traders digest comments from US Treasury Secretary Scott Bessent on undesirable volatility in the FX space, prompting a Yen buy. At the time of writing, the pair is up by over 0.30%.
The USD/JPY is likely to continue its upward momentum as traders respond positively to the recent comments from US Treasury Secretary. A move towards 158.00 is anticipated if bullish sentiment persists.
USD/JPY recovers some ground and rallies towards a daily four-day high near 157.80 as traders digest comments from US Treasury Secretary Scott Bessent on undesirable volatility in the FX space, prompting a Yen buy. At the time of writing, the pair is up by over 0.30%.
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