USDJPY eyes resistance as forex market weighs economic divergence | Market Outlook | 19/June/2024

"In this week's Exness Market Outlook we zoom in on the forex trading landscape, with a special focus on the USDJPY pairing. Amidst a backdrop of the US economy's steady performance, forex traders are eyeing the ¥160 mark as a notable resistance point in the dollar's robust uptrend against the yen. As the forex market anticipates the potential for the USDJPY to retest its highs, key economic releases from Japan, including trade balance and inflation data, are on the radar. Additionally, whispers about the Bank of Japan's possible policy shift in July are stirring the market's curiosity.
Stay tuned as we dissect these dynamics and their implications on forex trading strategies in the upcoming week.
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