Introduction The USD/JPY currency pair appears to be gearing up for a bullish rally as it strives to confirm a breakout above the July 21st high of 141.95. Should this breakout materialize within the next 24 hours, market focus would shift towards the June peak at 145.07. This technical development.
Introduction The USD/JPY currency pair has recently witnessed a period of heightened volatility, leaving investors on edge. Over the past five days, the Japanese Yen managed to make significant gains, appreciating as much as 2.4% against the US Dollar. However, the currency’s fortunes dramatically reversed on Friday, with a remarkable.
- July 31, 2023
Introduction In the currency markets, the USD/JPY pair has been facing significant downward pressure, leading to concerns that the recent rally may be reversing. Market analysts are closely monitoring the pair’s movements, particularly after it fell below the mid-July low of 140.00. To assess the potential reversal, attention is now.
- July 29, 2023
The USD/JPY currency pair is facing a critical juncture as it tests the vital converged support area at 139.50-140.00. Traders and analysts are closely monitoring this region to gauge the market sentiment. A break below this support zone could be a significant indicator, suggesting that the sharp rebound witnessed on.
- July 28, 2023
Introduction Amidst the rollercoaster ride in the forex market, the USD/JPY currency pair is facing a critical juncture as it tests a significant support area at 139.50-140.00. Traders are closely observing this crucial level, and any decisive move below it could potentially indicate that the sharp rebound seen on Friday,.
- July 27, 2023
Introduction The USD/JPY currency pair has been displaying notable volatility in recent times, with market participants closely observing its movement amid global economic uncertainties. This month, the pair saw a significant rebound, encountering a strong barrier at the 61.8% retracement level of the early-July fall, situated at 142.00. The Rebound.
- July 26, 2023
Introduction Amidst mounting anticipation in the financial markets, the USD/JPY (U.S. dollar – Japanese yen) currency pair experienced a decline on Monday. The cautious sentiment and slightly weaker U.S. Treasury yields weighed on investor confidence as they prepared for two significant market-moving events later in the week: the Federal Reserve’s.
- July 25, 2023
Introduction In a remarkable turn of events, the USD/JPY currency pair has experienced an astonishing rally, nearly reaching its peak just shy of 142.00 after having touched 137.25 a mere 10 days ago. This impressive surge has caught the attention of traders and investors worldwide, as the Japanese Yen struggles.
- July 24, 2023
Introduction USD/JPY, the widely-traded forex pair, is facing a critical juncture as it approaches a strong converged cap on the 240-minute charts. This cap is formed by a combination of the 200-period moving average, the 89-period moving average, and the upper edge of the Ichimoku cloud. The recent sharp slide.
- July 22, 2023
Introduction The USD/JPY currency pair is currently facing a critical juncture as it approaches a strong converged cap on the 240-minute charts. This convergence includes the 200-period moving average, the 89-period moving average, and the upper edge of the Ichimoku cloud. Adding to the significance of this level, it coincides.
- July 21, 2023
The USD/JPY pair experienced a notable rally in June, driven by expectations of the Federal Reserve maintaining a hawkish stance amidst robust U.S. economic activity. However, this upward momentum has been fully reversed this month, primarily due to profit-taking. Moreover, the release of new data revealing weaker-than-expected inflation has further.
- July 19, 2023
Introduction USD/JPY, one of the most closely watched currency pairs in the forex market, has witnessed a substantial collapse since July 5. The decline has been characterized by a swift and decisive breach of two crucial Fibonacci retracement levels, representing the pair’s rally from January lows to this month’s peaks..
- July 18, 2023