The USDJPY within sideways track – Analysis - 31-03-2023

The USDJPY pair fluctuates within tight sideways track since yesterday, moving near 133.30 level, as it keeps its stability below it until now, which keeps the chances valid to resume the main bearish trend, which its targets begin at 131.60 followed by 130.40.

The price needs to get negative motive that assists to push to achieve the expected decline, noting that breaking 132.00 will ease the mission of achieving the waited targets, while breaching 133.30 represents positive factor that will push the price to turn to rise on the intraday and short term basis.

The expected trading range for today is between 131.90 support and 133.50 resistance

The expected trend for today: Bearish