
“USD/JPY Price Forecast: USD Tumbles Below 200-Day SMA”
The Impact of USD/JPY Drop Below 200-day SMA Introduction The USD/JPY extended its losses, dropping below the 200-day Simple Moving Average (SMA) of 152.73 and hitting a three-day low of 152.02. Worse than expected, US Retail Sales data weighed on the American currency, which has fallen to a year-to-date (YTD) low, according to the US…