USD/JPY is preparing to accelerate the decline

The USD/JPY pair keeps the downward trend amid expectations of the US Federal Reserve rates cut. In fact, the potential for reduction remains due to the risks of more rapid easing of the US monetary policy. Renewal reductions should be expected on the Friday lows and fixing below the zone 107.80-60. This opens the way to support levels: 107.20 and 106.80. Significant resistance levels are located at the levels of 108.00 and 108.30.

Read also: “The Japanese economy in the conditions of a long
ultra-soft monetary policy”

Hanzenko Anton

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