USD/JPY pullback stalls above 153.00 with investors awaiting the Fed – FXStreet
Ahead of the Fed's decision, attempts to recover the Japanese yen remain limited. Investors are bracing for a 25bps rate cut along with hawkish forward guidance. In Japan, the Bank of Japan is expected to keep interest rates unchanged on Thursday. The US dollar continues its uptrend from early December lows. The reversal from the […]
USDJPY keeping the buyers and the sellers in play – ForexLive
USDJPY continues to be in a tug of war for both buyers and sellers. After the release of the CPI data, price fell from 153.79, just above the 200-bar moving average (MA) on the 4-hour chart, briefly crossing the converged 100-bar moving average (MA) on the 4-hour and 200-day charts. It fell below. MA. However, […]
Japanese Yen retains intraday positive bias; USD/JPY slides to mid-151.00s – FXStreet
The Japanese yen rose slightly following the release of stronger PPI print from Japan. Uncertainty about how quickly the Bank of Japan can raise interest rates has kept yen bulls on the defensive. The US dollar maintains its recent gains and supports USD/JPY ahead of the US CPI report. The Japanese yen (JPY) maintains modest […]
Japanese Yen recovers on safe-haven demand; USD/JPY pulls back from one-week top – FXStreet
The Japanese yen has rebounded from its lowest level in more than a week against the US dollar on Tuesday. Doubts about the Bank of Japan's ability to raise interest rates could hinder new bets by yen bulls. Expectations that the Fed will become less dovish could support the US dollar and support USD/JPY. The […]
USD/JPY Price Prediction: Breaks out of price pattern and declines – FXStreet
USD/JPY has broken out of the broadening formation pattern and is falling towards its target. Perhaps this pair has reversed its short-term trend and the risks are now on the downside, following a bearish bias. USD/JPY has broken the bottom of the bearish Broadening Formation price pattern and is falling towards the first downside target […]
USD/JPY falls to three-week lows as dollar slips to start the session – ForexLive
On the day, the pair fell nearly 1% to the 151.50 level, making the price its lowest since November 6th. But more noteworthy is that the sellers are attempting to break below the 200-day moving average (blue line). The key level is seen at 151.97, which would be a big blow to post-election upward momentum. […]
USD/JPY declines to near 154.00 even though US Dollar ticks up – FXStreet
Despite the US dollar trending steadily, USD/JPY has fallen to around 154.00. Donald Trump's policies are expected to boost US inflation and economic growth. The Bank of Japan did not commit to raising interest rates in December. The USD/JPY pair fell to near 154.00 in Thursday's European session. Assets weakened despite modest gains in the […]
USD/JPY has (eventually) fallen following some verbal intervention from Japanese officials – ForexLive
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USD/JPY Price Forecast: Rallies above 150.00 on strong US Dollar – FXStreet
The USD/JPY exchange rate remained at 150.21, extending its rise for the second consecutive day on the back of rising US bond yields. The RSI is gaining bullish momentum, suggesting that the pair is approaching a key resistance level above the Ichimoku cloud (Kumo). The next resistance levels include the 100-DMA at 150.85 and the […]
USD/JPY Price Forecast: Surges above 149.00 sponsored by elevates US yields – FXStreet
High US yields and dovish Prime Minister's comments support USD/JPY, which has broken through a key resistance level and is trading at 149.31. The Relative Strength Index (RSI) suggests further upside potential, with August 15 highs of 149.39 and 150.00 as the next targets. Key support lies at 147.35, with sellers looking to push the […]