USDJPY

The daily chart for USD/JPY reveals that the yen has recently made significant progress, driven by a weaker dollar and potential intervention by Japanese officials. The market was caught off guard by Japan’s sudden large-scale yen purchases following positive news such as lower-than-expected US inflation. This is in stark contrast to previous large-scale yen purchases,…

The US Dollar/Japanese Yen (USDJPY) pair has been showing some interesting patterns lately. Let’s break down the current situation and potential scenarios based on the 4-hour chart analysis. Current Trend Bearish Scenario As long as the price remains within the channel: Bullish Scenario For a bullish reversal, we’d need to see: Key Levels to Watch…

On Friday, July 19th, the USD/JPY pair saw some interesting movements: Factors Influencing the Market Japanese Inflation Bank of Japan (BOJ) Meeting Minutes Looking Ahead Upcoming BOJ Meeting Technical Analysis From the daily chart, the downward trend of USD/JPY shows no signs of changing yet. Key levels to watch: Resistance Levels Support Levels Conclusion The…

On Friday, July 12th, the USD/JPY pair continued its downward trend from Thursday, closing 0.56% lower at 157.91 in New York trading. The pair touched a low of 157.30, its lowest level since June 17th. Key Factors Driving the Trend Long-term Outlook for the Yen To significantly change the yen’s trajectory, more substantial measures may…

On Tuesday, July 9th, the USD/JPY pair rose 0.29% to 161.28, maintaining levels just below the 38-year high of 161.96 reached last week. Key Factors Influencing the Market Technical Analysis 4-hour Chart: Potential Scenarios Key Takeaways for Traders Remember, forex markets can be volatile, especially around key economic data releases. Always use proper risk management…

On Monday, July 8th, the USD/JPY pair closed slightly higher at 160.76, up 0.02% in New York trading. This minor gain was primarily due to some short covering after the dollar index’s decline last Friday. Key Economic Developments Technical Analysis Outlook and Key Points for Traders Remember, the USD/JPY pair can be particularly sensitive to…

The USD/JPY pair has recently experienced a pullback from its high of 161.95. This movement has caught the attention of traders and analysts alike. Let’s break down the current situation and what it might mean for future price action. Technical Breakdown Potential Scenarios Bearish Scenario: Bullish Scenario: Key Levels to Monitor Support: Resistance: What This…

Current Trend and Channel Formation The USD/JPY pair is currently trading within a rising price channel on the 4-hour chart, indicating a continued uptrend from the 154.54 level. This pattern gives us valuable insights into potential future movements. Let’s break down the key points: Bullish Scenario What to Watch: Keep an eye on how the…

Recent Developments in USD/JPY The USD/JPY pair has been making headlines with its recent performance: Key Factors Driving the Yen’s Weakness Market Implications and Future Outlook Looking Ahead The yen’s continued weakness against the dollar presents both opportunities and risks for investors and the Japanese economy. Key points to watch: Investors and traders should remain…

The USD/JPY pair closed slightly higher at 160.81, after touching a 38-year high of 161.27 during trading. This movement comes amid a series of economic reports and market expectations that are shaping currency trends. Inflation Data and Its Impact Friday’s data showed that the Federal Reserve’s preferred inflation measure, the Personal Consumption Expenditures (PCE) price…

The USDJPY currency pair has been on an impressive upward trajectory, extending its rally from 151.86 to a high of 157.70. However, the subsequent pullback suggests that a consolidation phase for the uptrend that began from 151.86 is currently underway. Potential for Further Declines Traders should brace for the possibility of deeper declines in the…

The US dollar has been flexing its muscles against the Japanese yen, with the USDJPY currency pair breaking through a significant resistance level at 156.79. This breakout has propelled the pair higher, extending its upside move from 151.86 all the way to a recent peak of 157.37. Bullish Momentum Intact The current price action suggests…