Fades bounce off 200-EMA around mid-131.00s
Share: USD/JPY reverses the previous day’s recovery from weekly low, sidelined of late. Firmer RSI, sustained break of weekly resistance line keeps Yen buyer hopeful. Bulls need validation from 131.70 to keep the reins. USD/JPY seesaws around 131.50 as buyers struggle to extend the previous day’s rebound amid a sluggish start to Thursday’s […]
US Dollar Takes a Breather after Fed Hawks Boosted it. Will USD/JPY Climb Again?
US Dollar, USD/JPY, AUD, NZD, Fed, China, Crude Oil, Gold – Talking Points US Dollar resumed strengthening but softens in Asian trade The Fed reminded markets of their intention and equities responded If China’s reopening goes smoothly, will the USD be impacted? Recommended by Daniel McCarthy Forex for Beginners The US dollar is slightly weaker […]
EUR/USD Reverses Gains While USD/JPY Aims Higher – Analytics & Forecasts – 8 February 2023
EUR/USD is correcting lower and trading below 1.0800. USD/JPY is rising and might aim more upsides if it stays above the 130.20 support. Important Takeaways for EUR/USD and USD/JPY · The Euro started a downside correction from the 1.1035 resistance zone. · There is a key bearish trend line forming with resistance near 1.0750 on […]
USD/JPY to 120 looks like the target this year – ING
ING notes that: “The Bank of Japan is now garnering much more focus than it has in years. Most pressing is the replacement of Governor Haruhiko Kuroda, who leaves in April. A successor will be presented to parliament on 10 February. The favourite, Deputy Governor Masayoshi Amamiya, is seen as the dovish continuity candidate.” “Any […]
HSBC says BOJ to widen Yield Curve Control (YCC) range in H1, USD/JPY lower in 2023
HSBC’s Bank of Japan outlook, in brief from a note. HSBC target H1 2023 for the Yield Curve Control (YCC) range to expand once more, but say they can’t pinpoint the exact date. On the yen, HSBC note other likely domestic developments that could cause USD/JPY to fall this year. Including: resident investors FX-hedging their […]
USD/JPY Hits Fresh 3-Week High on Speculation of New BoJ Governor
USD/JPY PRICES, CHARTS and ANALYSIS: Recommended by Zain Vawda Download the Updated Q1 2023 Yen Forecast Most Read: US Dollar Blazes Higher on Solid Data as Geopolitics Play Out. Where to for USD? USD/JPY FUNDAMENTAL BACKDROP USD/JPY hit a fresh 3-week high in the Asian session trading above the 132.00 handle. The European open has […]
ForexLive Asia-Pacific FX news wrap: USD/JPY wild ride on new BOJ Governor trial balloon
Powerful Turkey earthquake – Turkish Government requests International Aid BOJ’s Kuroda: CPI sustainable at 2%, accompanied by wage growth, has not yet been achieved BOJ Kuroda says will seek to hit 2% inflation in a stable & sustainable manner Goldman Sachs raise their target for the S&P500 to 4000 in 3 months (from 3600 prior) […]
USDJPY Potential for bullish rise towards overlap resistance
TitleUSDJPY Potential for bullish rise towards overlap resistanceTypeBullish BouncePreference:Looking at the H4 chart, my overall bias for USDJPY is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.Looking for price to retest the pivot which is the overlap support. Expecting price to then continue heading towards the overlap resistance.The […]
Renews three-week high but 50-DMA probes bulls
USD/JPY grinds higher around three-week top during two-day uptrend. Successful break of 130.00 support-confluence join firmer oscillators to favor bulls. 50-DMA challenges immediate upside ahead of January’s peak. USD/JPY remains firmer as buyers keep the reins at the highest levels in three weeks during early Monday. In doing so, the Yen pair also justifies the […]
Japan sounds out BoJ deputy Amamiya for central bank governor
The Nikkei reported that Japan’s government has approached Bank of Japan Deputy Gov. Masayoshi Amamiya as a possible successor to central bank chief Haruhiko Kuroda while Tokyo prepares for the first change of leadership at the BOJ in a decade. ”Government and ruling coalition officials said the subject had been discussed with Amamiya. The 67-year-old career central […]