Analysts: Dollar against Yen long positions beware of bullish breakout, pullback may attract buyers to get on board.

GateNews

2025-10-07 01:09:07

Jin10 data reported on October 7, analyst Matt Simpson from StoneX stated that long positions in USD/JPY are on high alert for a bullish breakout on the charts. This analyst pointed out that this rise has reversed last week's bearish tendency. He believes that whether USD/JPY can sustain its rise may depend on the confirmation of whether Japan's new Prime Minister can influence the Central Bank's interest rate path. Simpson added: “However, at the moment, it seems that the price tends to attract buyers to get on board during pullbacks.”

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