Japanese Yen remains stronger as US Dollar remains tepid ahead of key economic data
The Japanese Yen edges higher due to rising odds of the BoJ adopting a hawkish stance amid upbeat GDP data. Japan's Gross Domestic Product increased by 0.8% in Q2, marking the strongest quarterly growth since Q1 of 2023. The US Dollar advanced due to improved Treasury yields despite a dovish sentiment surrounding the Fed.
BUY USDJPY now zone 147.300-147.100
↠ Stoploss 146.900
→Take Profit 1 147.600
→Take Profit 2 148.300