The USDJPY had a volatile down and up trading day with the full 100 pip move to the downside in the first half of the day, nearly fully retracted in the 2nd half of the day. The low price today moved to the 200-hour moving average and the picture set midpoint of the move up
Market Recap Recommended by Jun Rong Yeap How to Trade FX with Your Stock Trading Strategy A slight breather in the Treasury yields rally allowed Wall Street to turn in a positive session overnight, while VIX retraced for the second straight day after nearing its key psychological 20 level, which are generally looked upon as
USD/JPY OUTLOOK: USD/JPY halts its advance near 11-month highs after breaching channel resistance earlier in the week. Despite some market hesitation, the U.S. dollar maintains a bullish outlook. Absent FX intervention by the Japanese government, the pair may soon break above the 150.00 level and head higher. This article looks at key USD/JPY’s technical levels
To kickstart your trading day in the Forex on September 27, 2023, I take a look at the EURUSD, USDJPY, and GBPUSD from a technical perspective: EURUSD: The EURUSD yesterday and today tested the low swing area (between 1.04846 and 1.05335) and found willing buyers each time. The price did move above the high of
US Dollar Vs Euro, British Pound, Australian Dollar – Price Setups: EUR/USD is testing key support, while GBP/USD has fallen under a vital floor. AUD/USD is back at the lower end of the recent range; USD/JPY eyes psychological 150.. What’s next for EUR/USD, GBP/USD, AUD/USD, and USD/JPY? Recommended by Manish Jaradi Improve your trading with
JAPANESE YEN PRICE, CHARTS AND ANALYSIS: Most Read: USD/CAD Price Forecast: USD/CAD Breaks 5-day Range Despite Resumption of WTI Rally Ever wondered what traits make a trader successful? Look no further and get professional insights in the complementary guide below. Recommended by Zain Vawda Traits of Successful Traders YEN FUNDAMENTAL BACKDROP The Bank of Japan
Share: USD/JPY has broken above the 149 level. Economists at MUFG Bank analyze Yen’s outlook. Opposition to currency weakness remains firm We continue to see a high chance of intervention but only after a break above the 150 level when there is a higher chance of stops fuelling volatility and ‘disorderly’ price action
Share: USD/JPY experiences upward support due to the US economic data. Momentum indicators suggest a predominant bullish sentiment in the market. The psychological level at 148.00 could emerge as a key support aligned with the 14-day EMA. USD/JPY hovers slightly below the high since November, trading around 149.10 psychological level during the Asian
Article written by Axel Rudolph, Senior Market Analyst at IG GBP/USD remains under pressure in six-month lows Following last week’s decision by the Bank of England’s (BOE) to keep rates steady at 5.25%, the British pound remains under pressure and continues to trade in six-month lows versus the greenback. A fall through last week’s $1.2235
US Dollar, Euro, Australian Dollar vs. Japanese Yen – Price Action: USD/JPY’s gains have slowed recently, but the uptrend isn’t over. EUR/JPY and AUD/JPY’s uptrend remains intact. What are the key levels to watch in select JPY crosses? Recommended by Manish Jaradi Top Trading Lessons The status quo by the Bank of Japan (BOJ) at
