USD\/JPY<\/strong><\/a> climbed higher above the 132.50 resistance zone.<\/p>\nA connecting bullish trend line is forming with support near 134.50 on the 4-hour chart.<\/p>\n
EUR\/USD slowly moved below the 1.0620 support zone.<\/p>\n
The US GDP grew 2.7% in Q4 2022, less than the 2.9% forecast.<\/p>\n
The US Dollar gained strength for a steady increase above the 132.50 resistance against the Japanese Yen. USD\/JPY even broke the 133.20 level to move into a positive zone. The pair settled above the 133.50 level, the 100 simple moving average, and the 200 simple moving average.<\/p>\n
The upward move was such that the pair even climbed above the 135.00 level. It is now showing positive signs above 134.50. There is also a connecting bullish trend line forming with support near 134.50 on the same chart.<\/p>\n
On the downside, an immediate support is near the 134.50 level. The next major support is near the 134.00 level, below which there is a risk of a move towards the 133.30. Any more losses could open the doors for a drop towards 132.50.<\/p>\n
On the downside, an immediate resistance is near the 135.50 level. The next major resistance is near the 136.20 level. A clear move above the 136.20 resistance might start a steady increase towards the 138.00 resistance zone. Any more gains could open the doors for a move towards the 140.00 level.<\/p>\n","protected":false},"excerpt":{"rendered":"
USD\/JPY Regains Strength USD\/JPY climbed higher above the 132.50 resistance zone. A connecting bullish trend line is forming with support near 134.50 on the 4-hour chart. EUR\/USD slowly moved below the 1.0620 support zone. The US GDP grew 2.7% in Q4 2022, less than the 2.9% forecast. The US Dollar gained strength for a steady<\/p>\n... continue reading<\/a>.","protected":false},"author":3,"featured_media":17091,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[17],"tags":[182,252,19,327,162,148,22,242,277,201],"yoast_head":"\r\nUSD\/JPY Regains Strength | Xtreamforex<\/title>\r\n<meta name=\"description\" content=\"The US Dollar gained strength for a steady increase above the 132.50 resistance against the Japanese Yen.\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.xtrememarkets.com\/US\/usd-jpy-regains-strength\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"USD\/JPY Regains Strength | Xtreamforex\" \/>\r\n<meta property=\"og:description\" content=\"The US Dollar gained strength for a steady increase above the 132.50 resistance against the Japanese Yen.\" \/>\r\n<meta 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