USD/JPY Pair Breaks Winning Streak, Drops to Fresh Daily Low amid Selling Pressure

Introduction The USD/JPY pair experienced a shift in market sentiment on Friday, relinquishing its six-day winning streak and retracing from its highest level since November 2022, which was around the 138.75 region reached the day before. The pair’s spot prices continued to decline during the early European session, reaching a.

Read More

USD/JPY Could Reach 139.00 Region Amid Ongoing Upside Momentum

The USD/JPY currency pair has been displaying significant strength in recent trading sessions, and according to UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, this momentum may continue to drive the pair towards the 139.00 region in the upcoming weeks. Their analysis highlights the potential for.

Read More

USD/JPY Pair Extends Gains, Aiming for 200-Day SMA Break

The USD/JPY pair maintains its bullish trajectory, marking its fifth consecutive day of gains. During the early European session, the pair soared to a level not seen in over two weeks. Market participants are closely monitoring the pair’s movement as it approaches a crucial technical barrier—the 200-day Simple Moving Average.

Read More

USD/JPY: Why the Yen Pair is Falling After a Two-Day Rise

The USD/JPY exchange rate has been on a downward trend since early Tuesday, dropping to 135.95 from a high of 136.08 on Monday. This reversal comes after the pair had risen for two consecutive days, breaking above a horizontal resistance level that had capped its gains for two weeks. What.

Read More

USD/JPY Struggles to Capitalize on Recent High as USD Downtick Presents Challenges

Introduction In the world of currency trading, the USD/JPY pair is experiencing challenges in capitalizing on its recent move up to a one-and-a-half-week high. Despite the initial upward momentum, a modest downtick in the US dollar has emerged as a significant headwind for the pair. This article delves into the.

Read More

USD/JPY Bounces Off Support as Data Misses Expectations

The USD/JPY currency pair bounced off support on Friday after data from the United States and Japan missed expectations. The pair is now trading within an ascending channel formation in the 60-minute chart. The preliminary Michigan Consumer Sentiment Index for May missed the expected reading of 63 with a reading.

Read More

USD/JPY breaks resistance, bullish trendline in sight

Introduction The forex market is constantly changing, and traders need to stay on top of market movements to make informed decisions. One currency pair that has been in the spotlight lately is the USD/JPY. Over the past few days, the pair has made significant gains, breaking through a key resistance.

Read More

How the USD/JPY Pair Rebounded from a One-Week Low

The USD/JPY pair is one of the most traded currency pairs in the world, as it reflects the exchange rate between the US dollar and the Japanese yen. The pair is influenced by various factors, such as interest rate differentials, economic data, geopolitical events, and market sentiment. In this article,.

Read More

USD/JPY Analysis: Consolidation Breakout Looms Ahead of US Inflation Data

  The USD/JPY pair has been trading in a narrow range of 134.69-135.36 for the past three days, as the market awaits the release of the US consumer price index (CPI) for April on Wednesday. The pair is currently hovering around the 135.00 mark, with a slight bearish bias. What’s.

Read More

USD/JPY Unlikely to Drop to 133.00, Say Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group

Introduction: The exchange rate between the US dollar (USD) and the Japanese yen (JPY) is closely watched by investors and analysts as it reflects the strength of the US and Japanese economies. Recently, there has been speculation about the likelihood of the USD/JPY dropping to the 133.00 region. In this.

Read More

USD/JPY Aiming for Recovery Amid Uncertainty over US Inflation

Introduction: The USD/JPY pair is one of the most closely watched currency pairs in the world, as it reflects the relative strength of the US dollar and the Japanese yen. In recent days, the pair has been under pressure, dropping below the crucial support level of 135.00. However, there are.

Read More

USD/JPY Gains Traction But Lacks Follow-Through Buying

The USD/JPY pair is in focus once again, as it gains some follow-through traction on the first day of the new week. Despite the positive momentum, the spot prices have retreated a few pips from a three-day top and are currently trading around the 135.00 psychological mark during the early.

Read More