USD/JPY Price Prediction: Drops more than 2% due to disappointing US data, falls below 147.50
USD/JPY falls from 150.91 to 147.28 following weak non-farm payroll data. The pair dips below both the 200-day and 20-day SMA, with a bearish RSI. Key support is seen at 145.71, where the 50 and 100-day SMAs intersect. USD/JPY is set to close the week down by 0.18%. This drop follows an employment report in […]
USD/JPY reaches a four-month peak as BoJ maintains interest rates
Japanese yen declines for six sessions, with the USD/JPY reaching its highest mark since April. The Bank of Japan has maintained its policy rate at 0.50% for the fourth straight meeting. The BOJ is raising its inflation forecast for the fiscal year to 2.7% due to pressures on food prices, but cautions that domestic consumption […]
USD/JPY approaches a three-week peak as US data is strong and the Fed maintains rates at 4.50%
The Japanese yen continued to decline on Wednesday, with USD/JPY approaching a three-week high. The US dollar’s strength was bolstered by better-than-expected GDP and labor market figures, marking five consecutive days of gains. On Thursday, the Bank of Japan is likely to maintain its interest rate at 0.50% during its meeting. On Wednesday, the Japanese […]
USD/JPY Price Outlook: Increasing 20-day EMA indicates a significant upward trend
USD/JPY falls to about 148.35 after a three-day winning streak. US tariff agreements bolster the US dollar. Market participants are keenly awaiting monetary policy updates from the Fed and BOJ this week. The USD/JPY pair dipped to around 148.35 during the late Asian trading session on Tuesday, having difficulty maintaining its three-day run of gains. […]
USD/JPY rises to a more than one-week high, surpassing the mid-148.00s before FOMC and BoJ meetings
USD/JPY is poised to reach its highest level in nearly two weeks, supported by several factors. Optimism around trade and decreased expectations for rate hikes from the BOJ continue to weigh on the Safe Haven JPY. The USD is likely to maintain solid gains on Monday, which will contribute positively to the currency pair. The […]
USD/JPY rises to the 138.40 range as the Dollar strengthens following trade agreements
The US has been acknowledged for reaching new highs this week, surpassing 138.40. A trade agreement between the US and its partners has strengthened the US dollar. Market anticipation of the Fed’s extended support is providing further backing for the USD. On Sunday, President Trump and European Commission President Ursula von der Leyen established a […]
USD/JPY slips as US-Japan trade agreement boosts Yen flows.
USD/JPY continues to decline as Japan’s trade outlook overshadows interest rate differences. The recent US trade agreement aims to ease tensions and enhance yen flow. USD/JPY may find temporary stability above 146.00 as momentum stabilizes. On Wednesday, USD/JPY marked its third consecutive day of losses, prompting traders to rethink their strategies following a newly established […]
USD/JPY falls as focus turns to US-Japan trade discussions
USD/JPY experiences pressure due to a declining US dollar as trade talks continue. Japan engages in its eighth round of negotiations with US officials ahead of the August 1 deadline. USD/JPY is gaining traction below 147.00. The Japanese Yen (JPY) continued to strengthen against the US Dollar (USD) on Tuesday. Investors are keeping a close […]
USD/JPY strengthens approaching 147.50 due to tariff concerns
USD/JPY is projected to rise to around 147.55 during the Asian trading session on Tuesday. The Prime Minister of Japan has committed to staying in office despite expectations that his coalition will lose control of the Senate in the upcoming election on Sunday. Market participants will be paying attention to any updates related to US […]
USD/JPY pulls back as Trump-Powell tensions limit increases
The US dollar has weakened against the Japanese yen, amid focus on the relationship between Trump and Powell. Expectations around interest rates are bolstering USD strength, while political uncertainty creates some fluctuations in USD/JPY. The USD/JPY currency pair has dropped, facing resistance around 149.00. The Japanese yen (JPY) is attempting to regain some of its […]