USD/JPY declines to a major trendline and finds support. It remains in an uptrend that could resume and push higher. USD/JPY has pulled back to support from a major trendline for the long-term uptrend at about 152.55. Despite the correction, the pair is in an uptrend on a short and medium-term basis and given the […]
Atsushi Mimura, Japan’s Vice Finance Minister For International Affairs and top foreign exchange official, said on Thursday, he is “closely watching FX moves with a high sense of urgency.” He added that he is “ready to take appropriate actions for excess FX moves if necessary.” Market reaction USD/JPY eased off 154.72, its intraday high, losing 0.11% […]
USD/JPY is rising as pre-election concerns the ruling LDP party could lose weakens the Yen. A change in leadership could influence the BoJ’s policy trajectory, keep interest rates low, and weigh on JPY. The US Dollar benefits from an improved economic outlook and less aggressive monetary easing projections. USD/JPY is trading over 1.2% higher on […]
The Japanese Yen continues losing ground amid the uncertainty over BoJ’s rate-hike plans. The recent intervention warnings and the risk-off mood do little to lend support to the JPY. An extension of the recent USD rally pushes the USD/JPY pair to a nearly three-month high. The Japanese Yen (JPY) remains on the back foot against […]
USD/JPY retreats from a two-month high of 150.32, pressured by a decline in US Treasury yields. The pair faces key resistance at the 100-DMA and top of the Ichimoku Cloud around 150.84/151.50 before turning bullish. Further declines could see USD/JPY testing support at 148.84, with a potential drop to 147.35 if sellers gain momentum. The […]
USD/JPY forms an ominous-looking bearish Rising Wedge pattern. The price pattern warns of potentially more weakness to come. USD/JPY keeps rising and forming a Rising Wedge pattern as it closes in on an old major trendline. The wedge is a bearish pattern and suggests the pair is at risk of breaking lower. The formation of […]
Bank of Japan (BoJ) board member Seiji Adachi said on Wednesday that “if inflation moves sustainably, stably around 2%, the BoJ can guide monetary policy in a way allowing for policy rate to move roughly in line with neutral rate.” Additional quotes If chance of underlying inflation exceeding 2% heightens, the BoJ will raise its policy rate […]
USD/JPY edges higher, trading within a range of 148.00-149.50 as US 10-year yields rise to 4.104%. Momentum favors buyers, with a break above 149.50, exposing the key 150.00 level and resistance at the 200/100-DMA confluence at 151.20/21. A drop below 149.00 could lead to a pullback toward the October 8 swing low of 147.35. The […]
USD/JPY breaks key resistance, trading at 149.31, as high US yields and dovish PM comments support the pair. The Relative Strength Index (RSI) suggests room for further upside, with the August 15 high of 149.39 and 150.00 as the next targets. Key support lies at 147.35, with sellers aiming to push the pair below the […]
The Japanese Yen struggles to lure buyers amid uncertainty over future BoJ rate hikes. Hopes for a possible Hezbollah-Israel ceasefire further undermine the safe-haven JPY. Intervention fears cap USD/JPY amid subdued USD demand, ahead of FOMC minutes. The Japanese Yen (JPY) attracted some intraday sellers on Tuesday and assisted the USD/JPY pair to stall its […]
USD/JPY rallies over 1% after US Nonfarm Payrolls added 254K jobs, lifting US Treasury yields. Bulls target a decisive break above 149.39 and 150.00, with next resistance at the 200-DMA of 151.06. Support lies at 148.00, followed by the Senkou Span B at 147.78 and the bottom of the Ichimoku Cloud at 146.90-147.00. The USD/JPY […]
The Japanese Yen appreciates as the US Dollar remains tepid ahead of the US labor data release on Friday. Japan’s Economy Minister Akazawa stated that the timing of any monetary policy changes is crucial Traders await Friday’s US employment data, including Nonfarm Payrolls (NFP) and Average Hourly Earnings, for further direction. The Japanese Yen (JPY) […]
