The USD/JPY pair has risen by 0.42% after dropping to a weekly low of 133.50, spurred by buyers stepping in at around a solid technical support level. This level of support was able to sustain the USD/JPY pair and attract buyers to enter the market. Technical support levels are price.
The USD/JPY pair caught a strong positive trend on Friday, with aggressive buying pushing it to the psychological mark of 135.00. This positive traction was driven by a combination of factors, including the upbeat US Nonfarm Payrolls (NFP) report, a positive risk tone, and the general strength of the US.
The USD/JPY currency pair has been on a downward trend over the past few days, falling for the third consecutive day as it hovers near its weekly bottom at around 134.50. The pair has been testing key support levels, including the 21-day Exponential Moving Average (EMA) and an upward-sloping support.
The USD/JPY pair is one of the most popular and liquid currency pairs in the forex market. It represents the exchange rate between the US dollar and the Japanese yen, two of the world’s largest economies and reserve currencies. The pair is influenced by various factors, such as interest rate.
The USD/JPY currency pair has been on a bullish trend recently, with expectations that it will continue to rise in the coming weeks. According to UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, the currency pair could potentially challenge the 137.90 region before making a move.
USD/JPY Continues to Rise on Monday The USD/JPY pair is gaining strong traction on the first day of the new week, building on Friday’s blowout rally. The momentum is lifting spot prices to the highest level since March 10, although the pair has paused near a technically significant 200-day.
Bank of Japan maintains ultra-loose monetary policy The Bank of Japan (BoJ) has announced that it will continue with its ultra-loose monetary policy to maintain an expansionary stance in the face of economic uncertainty. This decision has resulted in a surge in the USD/JPY pair, which is now approaching.
Introduction: The USD/JPY pair is a popular currency pair traded in the foreign exchange market. It represents the value of the US dollar against the Japanese yen. As with any currency pair, the value of the USD/JPY fluctuates depending on various economic and geopolitical factors. In this article, we will.
Introduction The USD/JPY pair has been on the defensive for the second consecutive day, trading just above a one-week low touched the previous day. During the early European session, the pair trades around 133.50, down over 0.10% for the day. The pair’s movements are influenced by a combination of diverging.
Introduction: The USD/JPY pair is a popular currency pair that represents the value of the US Dollar relative to the Japanese Yen. This pair is widely traded in the forex market, and its performance can be influenced by a range of economic, political, and social factors. In recent times, the.
The USD/JPY pair is on the move once again, as it gains follow-through traction on the first day of the new week. The pair is currently trading around the 134.30 region, just a few pips below the daily top. This is a positive sign for traders who are bullish on.
Japan’s manufacturing sector has shown signs of strength as the manufacturing Purchasing Managers’ Index (PMI) rose to a 6-month high of 49.5 in April, according to data released on Friday by Jibun Bank. This unexpected expansion indicates an improvement in the country’s manufacturing activity, which has the potential to impact.