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USD/JPY drop gathers pace, now down to 157.21 on the day
![USD/JPY drop gathers pace, now down to 157.21 on the day USD/JPY drop gathers pace, now down to 157.21 on the day](https://goodwordnews.com/wp-content/uploads/2024/04/USDJPY20H12029-04_id_b49647d6-c386-4257-bf65-a53180a299c3_size975.jpg)
USD/JPY Hourly Chart
Now it’s starting to look a little more energetic. The 150 pip drop earlier still showed some semblance of the movement we saw on Friday last week. But now the USD/JPY decline is starting to look stronger and more convincing. If anything, we may have finally hit the climax and Tokyo is responding in kind. USD/JPY is now down at 156.85 as I update the post.
The question now is how long can Tokyo maintain this situation as it seeks to draw a hard line on the falling yen? The big problem for Japanese officials is that they don’t have the fundamental narrative on their side.
News Source : www.forexlive.com
Gn bussni