The USD/JPY currency pair has experienced a pullback, trading around 156.10 during the European session on Monday. This decline follows a break below the nine-day exponential moving average (EMA), signaling a potential shift in market sentiment. The recent gains observed have retraced, indicating a cautious approach among traders.
Technical indicators reveal that the 14-day Relative Strength Index (RSI) stands at 52.80, reflecting a neutral position after a recent decline. As the exchange rate hovers near 156.00, traders will be closely monitoring for any further developments that could influence USD/JPY movement. The market's behavior suggests a need for careful analysis as participants weigh potential factors affecting both the US dollar and the Japanese yen.
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Data Source: FX Killer Analysis Team Updated: 2025-12-29 08:30
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.