The USDJPY resumes the decline – Analysis - 12-01-2023

The USDJPY pair begins negatively by today’s open to stop yesterday’s suggested positive scenario and head towards resuming the main bearish trend, opening the way to achieve negative targets that start at 130.90 and extend to 130.00.

Therefore, we expect to witness more decline for today conditioned by the price stability 132.10.

The expected trading range for today is between 130.60 support and 132.40 resistance

The expected trend for today: Bearish