The pair is fluctuating below the rate of 129.39.
The USDJPY is fluctuating below the temporary high of 129.39 and the short-term trend of the US dollar against the Japanese yen is neutral. That is, the market is suffering. However, it is expected that the bearish movement will be limited by the support of 125.09 and another bullish rally will take place.
From the buyers’ point of view, if the USDJPY currency crosses above 129.39, the market will reach the next target at 130.04.
* Technical H4 analysis of USDJPY
* Technical daily analysis of USDJPY
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