USD/JPY Price Challenges Key Supply Zone Ahead of FOMC

<div><img width="838" height="554" src="https://www.forexcrunch.com/wp-content/uploads/2022/11/Screenshot_2.jpg" class="type:primaryImage wp-post-image" alt="my USD/JPY price analysis outlook forecast" style="margin-bottom: 15px;" decoding="async" fetchpriority="high" srcset="https://www.forexcrunch.com/wp-content/uploads/2022/11/Screenshot_2.jpg 838w, https://www.forexcrunch.com/wp-content/uploads/2022/11/Screenshot_2-300×198.jpg 300w, https://www.forexcrunch.com/wp-content/uploads/2022/11/Screenshot_2-150×99.jpg 150w" sizes="(max-width: 838px) 100vw, 838px" /></div>
<p>Validating its breakout activates an upside continuation. Taking out the median line (ml), validates a larger growth. The FOMC Meeting Minutes should be decisive today. The USD/JPY price is trading at 142.64 at the time of writing and is fighting hard to resume its leg higher. The Japanese banks were also closed today in observance…</p>
<p>The post <a href="https://www.forexcrunch.com/blog/2024/01/03/usd-jpy-price-challenges-key-supply-zone-ahead-of-fomc/">USD/JPY Price Challenges Key Supply Zone Ahead of FOMC</a> appeared first on <a href="https://www.forexcrunch.com">Forex Crunch</a>.</p>