Dollar-Yen Forecast March 25
■ USD/JPY Daily Chart Forecast Today
From the USD/JPY daily chart, we can see that the pair has finally entered the 109 yen level and the decline shows no signs of stopping. Trend lines and the apparently strong 110.360 yen line have been broken from above, and even the influential institutional investors’ focus has caused the only moving average, the purple 200 MA, to break from above to below, and the Bollinger Bands are widening, showing a band-walk appearance, suggesting that a downward trend may develop from here.
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