USD/JPY extends fall and runs into test of key technical level – ForexLive
USD/JPY daily chart This is, as I highlighted earlier, the first stop on the way down. The Bank of Japan is starting to get the ball rolling on the Japanese Yen and we are now seeing things start to move. A break below the 100-day moving average (red line) of 147.73 will prompt buyers to […]
Westpac look for a short term dip in USD/JPY – ForexLive
Westpac thinks, “Is there a short-term opportunity for the yen amid long-term headwinds?” To summarize from my notes: A textbook case of a rapid USD/JPY reversal appears to be developing. The pair has been rotating between 150 and 151 recently, even though the hawkish re-pricing of US interest rates has lost momentum. US long-term yields […]
US Dollar Forecast: US PCE to Guide Markets; EUR/USD, GBP/USD, USD/JPY Setups – DailyFX
US dollar forecast – EUR/USD, GBP/USD, USD/JPY The focus of this week’s US economic calendar revolves around the release of the much-awaited economic data for January. PCE Friday data If there is a strong report that exceeds expectations, USD Meanwhile, lackluster results could have a bearish impact on the US currency In this article, we […]
US Dollar Forecast: Bullish Bias Prevails; Setups on EUR/USD, USD/JPY, USD/CAD – DailyFX
Most read: USD/JPY rose on strong US PPI, but talk of foreign exchange intervention may limit upside Earlier this year, market consensus suggested the Fed would implement about 160 basis points of easing in 2024. But those dovish expectations have waned this month on the back of better-than-expected U.S. job growth and solid inflation data, […]
US Dollar on Tenterhooks ahead of US CPI; Setups on Gold, USD/JPY & GBP/USD – DailyFX
Market Forecast – Gold Price, USD/JPY, GBP/USD of USD Moves without certainty of direction ahead of U.S. on Monday consumer price index data January US inflation report will capture market attention on Tuesday This article focuses on the following technical perspectives: gold price, USD/JPY and GBP/USD Recommended by Diego Coleman Build confidence in trading Most […]
US Dollar Forecast: EUR/USD, GBP/USD and USD/JPY Price Action Setups – DailyFX
USD Weekly Forecast: Neutral Technical barriers will limit USD upside, but USD is likely to settle within a range next week EUR/USD strong despite worsening European outlook GBP/USD dissatisfied with long-term resistance – lower odds of interest rate cut supporting GBP? USD/JPY moves towards intervention levels again In this article’s analysis, chart pattern and the […]
USD/JPY retests highs for the year as dollar stands its ground – ForexLive
USD/JPY daily chart Bond markets have been more volatile this week, but USD/JPY traders don’t seem to be waiting on the sidelines. Buyers are keen to push their agenda after defending the decline near the 100-day moving average (red line) earlier this week. Currently, the price is moving higher on this day to test the […]
It's been a choppy ride for USD/JPY this week – ForexLive
Bank of Japan Governor Ueda's comments were the driving force behind Tuesday's price action, but the rest will depend on developments in the bond market. And that didn't help much with the direction of USD/JPY this week. Treasury yields have also fallen significantly, and yesterday's action was a perfect example of that. Yields were initially […]
US Dollar Forecast: US Q4 GDP in Focus, Setups on EUR/USD, USD/JPY, GBP/USD – DailyFX
US dollar outlook – EUR/USD, USD/JPY, GBP/USD of USD Despite better-than-expected US economic data, the economy stalled on Wednesday but could turn around in the coming days Market attention shifts to the US in the fourth quarter GDP report This article examines the technical outlook for the US dollar, focusing on three major currency pairs: […]
USD/JPY plunges to near 147.50 on speculation of Fed rate cuts in March, US PMI data eyed – FXStreet
share: The US dollar/yen pair fell due to expectations of a Fed interest rate cut in March. Japan's better-than-expected economic indicators may have supported the yen. The US dollar faces challenges due to weak US yields and improving risk appetite. The USD/JPY pair is trending lower as market confidence is restored on expectations […]