USD/JPY Price Prediction: 20-day EMA remains a significant obstacle
The Japanese Yen (JPY) has seen an uptick against the US Dollar (USD) on Wednesday, with the USD/JPY pair declining by 0.1% to around 159.00. This strengthening comes as speculation grows that the Bank of Japan (BoJ) will increase its policy rates by 25 basis points (bps) to 1.25% in the upcoming September meeting. Analysts […]
USD/JPY Price Forecast: Stays above 163.00 close to new 40-year peaks
USD/JPY Currency Update After experiencing some losses the day before, USD/JPY saw a slight rise, trading around 163.20 during European hours on Thursday. The currency pair remains above both the 9-day and 50-day exponential moving averages (EMA), indicating a persistent bullish trend. This upward momentum appears to be enhanced as the short EMA sits above […]
USD/JPY Price Outlook: Continues upward trend approaching 162.70 as US bond yields rise
On Wednesday, the USD/JPY exchange rate was up by 0.1%, sitting around 162.73. This increase points to the US dollar’s strength, attributed mainly to a rise in US Treasury yields. The yield on the 10-year U.S. Treasury climbed by 0.18% to 4.47%, building on Tuesday’s significant gain of over 2%. Additionally, the US Dollar Index […]
USD/JPY Price Prediction: Remains above 160.00 as RSI supports the increase
On Tuesday, the day started with USD/JPY climbing steadily as traders prepared for the Federal Reserve’s monetary policy announcement. Currently, the pair is at 160.47, right in the intervention zone. USD/JPY Price Prediction: Technical Outlook Since last week, USD/JPY has bounced back from 159.50, but it hasn’t really picked up speed. Investor worries about potential […]
USD/JPY Price Outlook: Requires a rise above 160.70 for new rally phase
The USD/JPY exchange rate dipped to about 160.25 during European trading on Tuesday. This slight decline comes as the Japanese yen (JPY) is performing better than other currencies, following the recent monetary policy updates from the Bank of Japan (BOJ). As anticipated, the Bank of Japan has increased interest rates by 25 basis points (bps) […]
USD/JPY Price Prediction: Stays close to earlier intervention levels near 160.50
USD/JPY Trading Update On Thursday, the USD/JPY pair is holding steady around 160.50. This stability comes as there are rising concerns that Tokyo might step in to stabilize the Japanese yen (JPY) in the foreign exchange market. The current exchange rate matches the level observed before the government’s previous interventions, suggesting that action from Japan […]
USD/JPY Prediction for Today 03/06: Growing Risk of BOJ Intervention
The US dollar is expected to rise again during Tuesday’s trading, potentially reaching the 160 yen mark. This 160 yen level seems to elicit a strong reaction from the Bank of Japan, so it’s definitely a point of interest for many investors. If the price breaks through that level, we might enter a very bullish […]
USD/JPY rebounds from 155.00 as optimism about Iran diminishes, NFP Friday approaches
The dollar/yen climbed to nearly 156.90 on Thursday, reflecting a roughly 0.4% increase following a drop to 155.04 on Wednesday, the lowest it had been since early February. This decline breached the peak set in late April and the subsequent consolidation around 160.70, which resulted in a string of strong bearish candlesticks until the pair […]
USD/JPY hovers around 157.00 following the unexpected FX intervention by the BoJ
On Monday, the USD/JPY trend remained mostly unchanged, dipping towards 156.20 after a rather tumultuous session that began with an early gap in the Asian market. However, it managed to recover steadily during European and US trading hours, finally resting near 157.20. After experiencing a two-day drop from over 160.00 the week before, the pair […]
USD/JPY inches closer to the 160.00 mark as the US-Iran deadlock bolsters the US dollar
Basic Overview USD: The US dollar has been on a gradual rise since Tuesday, largely because the ongoing US-Iran tensions have led to profit-taking on expectations of a weaker dollar. There’s still no indication that further talks will take place after Iran declined to send a delegation to Islamabad on Tuesday, pointing to the US […]