Introduction The USD/JPY currency pair has experienced a significant collapse since July 5, resulting in a sharp decline that has breached both the first and second Fibonacci retracements of its rise from the lows of January to the peaks of this month. The pair is now facing the challenge of.
Introduction The USD/JPY currency pair experienced a significant downturn on Thursday, primarily driven by a sharp decline in U.S. Treasury rates. Over the past week, the 10-year yield witnessed a drop of nearly 30 basis points, erasing all gains from the previous week and bringing it to the edge of.
- July 14, 2023
Introduction The USD/JPY chart has been showing signs of weakness as the weekly candle tests the previously established multi-month ascending channel. Traders and investors are closely watching this critical support level, considering the speed at which the recent decline has occurred. A break and close on the weekly candle could.
- July 13, 2023
The weekly USD/JPY chart is currently exhibiting a notable decline, raising concerns for traders and investors. The candlestick pattern indicates a testing phase for the prior multi-month ascending channel. Over the course of previous tests, the lower side of the channel has effectively provided support. However, given the rapid pace.
- July 12, 2023
The USD/JPY currency pair witnessed a decline of 0.4%, reaching 140.75, as the yen made a notable recovery from its recent seven-month low. This retracement can be attributed to the significant retreat in U.S. Treasury yields. As bond yields dropped sharply, the yen found renewed strength against a weakening.
- July 11, 2023
Introduction The USD/JPY currency pair has experienced a significant shift as it falls below strong converged support levels on the 89-period moving average and the lower edge of the Ichimoku cloud on the 4-hourly charts. This break confirms the emergence of cracks in the pair’s recent rally, suggesting a potential.
- July 10, 2023
The USD/JPY exchange rate has recently reached a significant level of 145.00, reminiscent of the threshold that triggered intervention from Japanese authorities last year. This occurrence has reignited concerns among Japan’s top officials, who have stated that they are considering various options to address the situation. The potential consequences and.
- July 8, 2023
Introduction The foreign exchange market has been closely monitoring the movement of the USD/JPY exchange rate, with recent fluctuations causing market participants to express caution. The rate recently approached 145.00, a level that triggered an intervention by Japanese authorities last year for the first time in over two decades. As.
- July 7, 2023
Introduction USD/JPY, the currency pair representing the US dollar against the Japanese yen, has caught the attention of market participants as it engages in several days of sideways trading. This pattern suggests a possible pause in bullish momentum, raising questions about the next move for this influential currency pair. Notably,.
- July 6, 2023
Introduction The USD/JPY currency pair has experienced a remarkable surge in recent weeks, breaking free from a period of consolidation below the 141.00 handle in the first half of June. This bullish momentum has driven the pair to rally over 300 pips, breaching the psychological barrier at 145.00. In this.
- July 5, 2023
Introduction The USD/JPY currency pair has witnessed a remarkable rally, surging more than 300 pips in recent weeks. After consolidating below the 141.00 handle during the first half of June, the pair has shown significant strength, pushing closer to the psychological resistance level of 145.00. In this article, we delve.
- July 4, 2023
USD/JPY, the popular currency pair representing the exchange rate between the US dollar and the Japanese yen, has recently witnessed an impressive rally, reaching new heights in 2023. Traders and investors have been closely monitoring the pair’s price action, which has been guided by the golden cross signal. Despite entering.
- July 1, 2023