USD/JPY Price Analysis: Remains confined in a range around 134.00, bullish potential intact

📆 2023/02/21 1:57:00

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📆 2023/02/21 1:57:00
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USD/JPY Price Analysis: Remains confined in a range around 134.00, bullish potential intact USDJPY Fed Recession Technical Analysis Currencies

Hawkish Fed expectations continue to underpin the USD and lend support to the major.USD/JPY pair

The cautious market mood, amid looming recession risks and geopolitical tensions, underpins the safe-haven Japanese Yen and acts as a headwind for the USD/JPY pair. That said, the underlying bullish sentiment surrounding the US Dollar, bolstered by expectations that thewill stick to its hawkish stance to tame inflation, should continue to lend support to the major.

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