13th SEP - USD/JPY Forecast – US Dollar Continues to See Strength Against Yen

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The USD/JPY forecast indicates that the US dollar remains strong against the Japanese yen. This strength is attributed to the significant interest rate differential between the United States and Japan, which continues to attract investors. Technical analysis suggests a robust market, with the 50-Day Exponential Moving Average at the ¥145 level serving as critical support. Chart analysis shows the potential for a further uptrend if the market breaches the ¥148 level, possibly pushing towards ¥150. Despite remarks from the Bank of Japan Governor about returning to "real rates," the interest rate gap remains a compelling factor for investors. In case of a reversal, attention may turn to the ¥142.50 level, historically significant. Market sentiment favors upward movement, as the Bank of Japan's influence is seen as limited. A breakout above ¥150 could trigger increased trading activity, driven by fear of missing out. The USD's strength is underpinned by the interest rate differential advantage, making it an attractive choice. ¥145 serves as pivotal support, while ¥148 represents a potential milestone. The interest rate gap continues to drive market momentum, reinforcing its appeal. Traders should remain vigilant, as a breakthrough above ¥150 could mark a new trading phase.