USD/JPY Technical Analysis The technical outlook of the daily chart of the currency pair USD/JPY shows signs of a strong bullish trend. The price is moving above the Ichimoku cloud and has reached its critical resistance level of 138. This level offered great support to the pair in November 2022 from a massive fall. Furthermore, …
USD/JPY reaches near critical resistance 138 – A key level to Watch Read More »
USD/JPY Technical Analysis The outlook of the H4 chart of the USD/JPY currency pair shows that it has been continuously rising for about 32 hours. After breaking above the 50-SMA, the pair received a massive push that drove its prices to levels last seen 7-weeks ago. First, US GDP triggered the bullish trend with a …
USD/JPY rose to 7-week highest amid BOJ’s Decision to Keep Policy Read More »
USD/JPY Technical Analysis The daily chart of the currency pair USD/JPY shows that 50-Day Simple Moving Average (SMA) line is holding it from further decline at the 132.389 level. After breaking below the ascending channel, the forex pair USD/JPY started its massive fall yesterday. There are more chances of further bearish pressure in the coming …
USD/JPY found support at 50-SMA; Next Stop could be at 128 Level Read More »
USD/JPY Fundamental Analysis USD/JPY is trading at 136.30, down by 0.755 in 24 hours. The pair traded lower while traders await key BoJ Monetary Policy and FOMC meetings. Speculation about Fed rate hikes On the second day of his semi-annual speech, Jerome Powell, the chairman of the Federal Reserve, reaffirmed the need for more interest …
USD/JPY under pressure after Negative Unemployment Data Read More »
USD/JPY Fundamental Analysis During the early Asian Trading session, the forex currency pair was facing selling pressure amid the positive release of the annual Tokyo Core CPI. The figure surpassed the expectations of the market by 4.2% and reported a 4.3% growth in inflation. This report sparked hopes among investors that the Bank of Japan …
USD/JPY Recovering Daily Loss after US Core PCE report- will it hold? Read More »
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