USD/JPY Hovers at Key 130.00 Level as Rangebound Trade Continues
USD/JPY Price, Charts and Analysis: Recommended by Zain Vawda Get Your Free JPY Forecast Most Read: Dollar Yen Forecast: USD/JPY Remains Conflicted Around 130.000 USD/JPY FUNDAMENTAL BACKDROP USD/JPY has struggled to hold onto any meaningful gains above the psychological 130.00 level. Yen strength has been capped by dovish sounding comments from the BoJ governor which […]
Bulls attack 130.40 resistance confluence
USD/JPY grinds higher around intraday top after two-week rebound from multi-month low. Convergence of 21-DMA, downward-sloping trend line from late November guards immediate upside. Bullish MACD signals, firmer RSI (14) adds strength to the bullish bias. Bears need validation from fortnight-old ascending trend line to retake control. USD/JPY prints mild gains as buyers muster the […]
Bullish harami looms, with bulls targeting 131.50
USD/JPY remains downtrend but is about to form a bullish harami candle pattern, suggesting an upward correction on the cards. USD/JPY Price Analysis: Once it clears 129.50, it could rally towards 131.57 before turning neutral. USD/JPY slumps in a choppy New York trading session and edges beneath 130.00 after a round of US economic data, […]
Japanese Yen (USD/JPY) Trapped in a Narrow Range Ahead of US Core PCE
USD/JPY Price, Chart, and Analysis Tokyo’s price pressures remain hot. USD/JPY trapped ahead of important US economic data. Recommended by Nick Cawley Download our brand new Japanese Yen forecast Annual inflation in Japan’s largest city, Tokyo, continues to push higher, with the core rate touching 4.3% in January, the highest level in over four decades. […]
USDJPY: Elliott wave analysis and forecast for 27.01.23 – 03.02.23
2023.01.27 2023.01.27 USDJPY: Elliott wave analysis and forecast for 27.01.23 – 03.02.23 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ Main scenario: consider short positions from corrections below the level of 132.76 with a target of 125.35 – 121.52. Alternative scenario: breakout and consolidation above the level of 132.76 will allow the pair to continue rising to the levels of 134.92 […]
USD/JPY keeps the red below 130.00, eyes US PCE Price Index for fresh impetus
USD/JPY meets with a fresh supply on Friday and is pressured by a combination of factors. Strong Tokyo inflation fuels speculations about a hawkish shift by the BoJ and lifts the JPY. The emergence of fresh USD selling contributes to the intraday slide ahead of the US PCE. The USD/JPY pair comes under some renewed […]
BoJ deploys funds-supply tool again as JGB yields creep up
Bank of Japan (BoJ) marked another show of the Yield Curve Control (YCC) on early Friday as it extends five-year loans against collateral to financial Source link
USD/JPY slides below 130.00 as upbeat Tokyo CPI pleases BoJ hawks ahead of Fed’s preferred inflation
USD/JPY takes offers to refresh intraday low, fades bounce off weekly bottom. Firmer prints of Tokyo CPI for January renews hawkish concerns over BoJ and weigh on Yen prices. Mixed concerns surrounding Fed’s next move, hopes of BoJ’s hawkish turn also please USD/JPY bears. Fed’s preferred inflation gauge eyed for clear directions ahead of next […]
Re-testing weekly highs, shy of the 20-DMA
USD/JPY remains sideways, trapped within the 129.00/131.00 range. Buyers are unable to conquer the 20-day Exponential Moving Average, and keep the USD/JPY pair range-bound. USD/JPY Price Analysis: Remains exposed to selling pressure, as its bias is still downwards. The USD/JPY bounces from weekly lows reached early Thursday at 129.02 and reclaimed the 130.00 psychological level, […]
USD/JPY traces sluggish yields above 130.00 as Yen traders await BoJ Summary, US GDP and Fed
USD/JPY prints mild gains after reversing from weekly top the previous day. Yields remain sidelined as traders await more clarity on growth prospects, Fed moves. US PMIs were mixed but downbeat equities and higher prints of inflation data elsewhere allowed yields/USD to defend Yen buyers. Light calendar ahead of US GDP, FOMC restricts immediate moves. […]