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USD/JPY with a new top, bulls remain in control

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USD / JPY has been trading at unprecedented levels since May 31, with the USD supporting the Asian session during the Asian session.

Looking at the H4, the price was able to break through the red zone and the price of 108.932, recording a new peak for the day, surpassing that of 10.07.2019. On the upside, an attempt to attack 109,596 awaits us, as long as the sentiment remains bullish on the dollar. Following yesterday's decision on interest rates, FOMC and Powell's announcement, it seems that this sentiment will continue for some time. Despite the risk - off in stocks, the yen does not rise in price, on the contrary, it reacts with a decrease.


 Trader Martin Nikolov

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