Market News / Story
USD/JPY Struggles Near 200-Day SMA as AUD/JPY Shows Fatigue
forex.com ·
AI-assisted briefing: Forex.com's preview says elevated Treasury yields and expectations of further Federal Reserve tightening continue to support the US dollar. However, USD/JPY is struggling to recover bullish momentum near its 200-day simple moving average. AUD/JPY is showing fatigue after a bearish outside day, with the preview noting growing potential for a yen rebound as both crosses stall near resistance.