USDJPY ping pongs with trend lines in play
USDJPY ping pongs between trend lines The USDJPY – and all of the major currency pairs – is in a volatile up and down range. The earlier move in the US session was a move to the upside where the price stretched above the 50% of the January range at 130.989. However, the price ran […]
Japanese Yen Steadies on PMI Data and Markets Assess Risks. Where to for USD/JPY?
Japanese Yen, USD/JPY, US Dollar, PMI, Nikkei 225, ECB, EUR/USD – Talking Points The Japanese Yen inched higher after a tick-up in PMI numbers A buoyant mood from US tech stocks spilled into other equity markets As the Lunar New Year festivities continue, will thin trade impact USD/JPY? Recommended by Daniel McCarthy Get Your Free […]
Expects volatility contraction amid Ascending Triangle formation
A recovery in investors’ risk appetite has led to a correction in USD/JPY. The volatility is contracting amid an Ascending Triangle formation. The 21-EMA is continuously providing support to the US Dollar. The USD/JPY pair has corrected gradually to near 130.15 after printing a fresh three-day high at 130.89 on Monday. The asset has corrected […]
USD/JPY drops back towards 130.00 to snap two-day rebound amid softer yields, mixed Japan PMI
USD/JPY takes offers to refresh intraday low, prints the first daily loss in three. Japan’s Jibun Bank Manufacturing PMI stays intact, Services PMI improved in January. Chatters over easing Covid-led restrictions on Japan, mixed sentiment exert downside pressure on Yen pair. US PMIs, risk catalysts are the key ahead of US Q4 GDP. USD/JPY slides […]
USDJPY Bearish Trend To End Near 127.55
USDJPY suggests that the formation of a global cycle impulse could have recently ended. Now the market is developing a bearish triple zigzag of the primary degree Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. It is possible that the sub-waves Ⓦ-Ⓧ-Ⓨ have ended. Thus, in the near future we can expect the completion of the second intervening wave Ⓧ. It is […]
Country’s finances are becoming increasingly precarious
Japan’s Finance Minister Shunichi Suzuki warned about the country’s finances during his appearance on Monday. Key quotes “Japan’s public finances have increased in severity to an unprecedented degree as we have compiled supplementary budgets to respond to the coronavirus and similar issues,” “The government will strive to stably manage Japanese government bond (JGBs) issuance through […]
USD/JPY recovers – BOJ loaning funds, 1 tln yen
USD/JPY has rallied on news from the Bank of Japan Financial Markets Department that said all offices offered to loan 1 trillion yen through an auction in an agreement starting on January 24 that’ll end on January 24 also. FX moves have been exacerbated by thin liquidity conditions in the region today with China, Singapore […]
USD/JPY will fall by the end of the year – HSBC
Economists at HSBC think USD/JPY will fall by year-end 2023 on a range of factors from future BoJ policy announcements to improvements in Japan’s balance of payments and a revival of the JPY’s “safe haven” status. A revival of Yen’s ‘safe haven’ status could weigh on USD/JPY “There are many upcoming events that could lead […]
How to get jackpot on combined analysis of BTCUSD, XAUUSD, EURUSD, GBPUSD, AUDUSD, NZDUSD, USDJPY, USDCHF ?! – Charts – 20 January 2023
Here you can find that several major currency pairs have strong ties to shape global market movements. Apart from that, the popularity of these pairs has a very large transaction volume. Has the ability to trigger reversals and trends. Then, how do you get the jackpot? Okay..okay.. actually the topic above is more precisely “the […]
USD/JPY: summary and expectations – Analytics & Forecasts – 20 January 2023
As we noted in our Fundamental Analysis today, USD/JPY is rising today, recovering from the biggest losses of this and last month, trading near the 130.00 mark at the time of this publication. Additional pressure on the yen is exerted by data on the volume of orders for engineering products, presented earlier this week. So, […]