Dollar maintains bullish bias against yen above 160.00 level
Updated
Updated · The Wall Street Journal · Apr 30
Dollar maintains bullish bias against yen above 160.00 level
9 articles · Updated · The Wall Street Journal · Apr 30
The dollar edged 0.2% lower to 160.24 yen, holding above the key 160.00 threshold, with the March high at 160.46 yen.
Analysts note that clearing resistance near the March high could trigger further gains, though choppy trading or a pullback may occur first.
Technical analysis suggests the 160.00 level is crucial for determining whether the dollar continues its upward trend or faces a deeper pullback against the yen.
The dollar is testing its March high against the yen. What happens if it breaks through?
What unforeseen global event could reverse the dollar's dominance and trigger a sharp yen rally?
Beyond daily charts, what could end the era of the ultra-weak Japanese yen for good?
Can Japan's verbal warnings alone stop the yen from weakening further against the dollar?
How does a weak yen impact Japan's security amid rising Mideast energy costs?
With inflation rising and growth slowing, is the Bank of Japan trapped with no good options?