Introduction The USD/JPY currency pair has been experiencing a volatile market as buyers and sellers fight for control. After experiencing two consecutive days of losses, the currency pair has picked up momentum and is testing a key resistance level. In this article, we will discuss the current market status.
Introduction The USD/JPY currency pair fell sharply on Monday, dropping to its lowest level since February. This move came amid renewed selling pressure and a prevalent risk-off environment, which boosted the Japanese yen’s safe-haven status. While the US dollar saw some modest strength, the fundamental backdrop still favors bears, and.
The Japanese Yen has been gaining momentum in the forex market as US yields and Wall Street futures drop. This comes as the USD/JPY heads for the third weekly loss in a row, and to the lowest daily close in a month. One of the factors contributing to the rise.
Introduction: The USD/JPY pair is under pressure on Friday as a combination of factors prompts fresh selling. Expectations for a less hawkish Fed and sliding US bond yields are weighing on the buck, while banking crisis woes are benefiting the safe-haven JPY. However, the BoJ’s dovish outlook could cap gains.
The Japanese Yen has historically been considered a safe haven currency during times of financial crisis, thanks to Japan’s large current account and net foreign asset position. In times of economic uncertainty, investors often turn to the Yen as a safe haven, causing it to outperform other currencies. This trend.
The USD/JPY pair has picked up bids, extending its rebound from a one-month low despite pressure on US 10-year Treasury bond yields. While the yields on the 10-year Treasury bond remain pressured, the two-year counterpart has increased, indicating a mixed outlook for the US economy. Global Markets Remain Dicey Despite.
Introduction According to the latest market analysis by UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, USD/JPY may experience a downward momentum that could result in the pair slipping back to the 131.50 region. In this article, we will delve into the details of their analysis.
Introduction: The USD/JPY currency pair has hit a one-month low as bearish signals intensify. The pair’s recent decline has been driven by several factors, including a U-turn from the DMAs, a rejection of a bullish channel, and the strongest bearish MACD signals since early February. In this article, we will.
The USD/JPY has been in a bullish trend since the start of the year, rising from a low of 127.20 to a high of 137.90. However, last week’s decline in the currency pair has confirmed a short-term topping pattern at the 137.90 level, which is supported by a bearish divergence.
Introduction: The Bank of Japan’s Governor Kuroda recently ended his tenure with no surprises, leaving the focus on the upcoming Nonfarm Payrolls report. Economists at TD Securities expect the USD to take the lead with a strong report, potentially pushing USD/JPY to 140. In this article, we will delve deeper.
Introduction: The financial markets are currently under pressure due to two significant events: the final meeting of the Bank of Japan (BoJ) Governor Kuroda and the hawkish stance of the Federal Reserve Chair Powell. Investors are anxiously waiting to see if Kuroda will make any changes to the BoJ’s yield.
Introduction The Bank of Japan (BoJ) is set to welcome a new governor in April when Haruhiko Kuroda’s term in office expires. Reports suggest that former BoJ policy member Kazuo Ueda will take over the top position, with Shinichi Uchida and Ryozo Himino being offered deputy governor positions. The news.