The forex market has a relatively light calendar ahead, with only a few notable events to watch for during the upcoming session.
One key development to note is the recent move by USD/JPY above its latest resistance level of 155.00. This rise has prompted expectations that Japanese officials may intervene verbally in an attempt to stabilize the currency. Such intervention could create opportunities for dip buyers to enter the market.
Another important event to consider is ANZAC Day, which is a national holiday in Australia. On this day, markets in Australia will be closed to commemorate the Australian and New Zealand Army Corps.
Given these factors, traders should be aware of the potential for volatility in the forex market during the upcoming session. It is important to monitor the situation closely and adjust trading strategies accordingly.
