USD/JPY has been stuck in a narrow two-week range as traders weigh conflicting US data and Powell’s more balanced Jackson Hole tone. With questions over the pace of Fed cuts, uncertainty about the next Fed board member, and the BoJ watching for narrowing rate differentials, the pair faces a key test. We analyze the technicals for potential breakout levels or if the range is to hold further.
27-08-2025 12:55 GMT
by Elior Manier
