Japanese Yen Prices, Charts, and Analysis FOMC decision on Wednesday, the Bank of Japan on Friday. USD/JPY struggles with resistance. Learn How to Trade USD/JPY Recommended by Nick Cawley How to Trade USD/JPY The Federal Reserve (Fed) and the Bank of Japan (BoJ) will both announce their latest monetary policy decision this week – Wednesday
Share: USD/JPY advances to fresh multi-month highs near 147.85 US Michigan’s Consumer Sentiment came in lower than expected. The US DXY index reached its highest point since March 9 at 105.43 and then settled at 105.23. All eyes are now on the Fed’s decision next week. Ahead of the weekend, the USD/JPY pair resumes its
USD/CAD TECHNICAL ANALYSIS Between mid-July and early September, USD/CAD embarked on a robust uptrend, but the pair encountered resistance near the psychological 1.3700 level before reversing lower just as oil broke out to multi-month highs, a development that added some support to the Loonie given Canada’s high sensitivity to energy markets. Following the recent setback,
Japanese Yen, USD/JPY, NZD/JPY – Technical Update: Recommended by Daniel Dubrovsky Get Your Free JPY Forecast The US Dollar has slowed its upside progress against the Japanese Yen of late. On the daily chart below, USD/JPY can be seen leveling off just under the 61.8% Fibonacci extension at 148.27, which is immediate resistance. Meanwhile, key
Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter USD/JPY TECHNICAL ANALYSIS USD/JPY advanced last week to its highest level since November 2022, but pulled back after a failed attempt to clear channel resistance, which coincided with comments from Bank of Japan
Share: The USD/JPY inverts currency flows as the Yen rises and the greenback steps down. The BoJ could be on track to reverse negative rates, sending JPY back up the charts. USD traders will be looking towards US CPI figures on Wednesday. The USD/JPY saw declines in one of the worst-closing trading days
Japanese Yen Prices, Charts, and Analysis USD/JPY – The short-term high may already be in place. EUR/JPY – UK jobs and growth data will likely drive this pair. Bank of Japan (BoJ) – Foreign Exchange Market Intervention The Japanese Yen pushed higher in Asian trade after Bank of Japan governor Kazuo Ueda suggested that the
Ueda drove USD/JPY to its biggest daily loss here in 2 months: Other: Bank of Japan Governor Ueda gave an interview with Yomiuri last week. The media group published comments from the interview over the weekend. In a nutshell, Ueda said that he thinks its possible that the BOJ will have enough information by the
Japanese Yen, USD/JPY, US Dollar, BoJ, Ueda, Intervention, JGB, Yields, – Talking Points USD/JPY recoiled lower on Monday after remarks from BoJ Governor Ueda The BoJ might be prepping the market for policy adjustments further down the track The yield spread between JGBs and Treasuries might be worth watching Recommended by Daniel McCarthy Trading Forex
US Dollar, USD/JPY, DXY Index, Japanese Yen, Treasury Yields, JGB, BoJ, Kanda – Talking Points The US Dollar ascent continued overnight with the DXY making a new high Firm US data underpinned interest rate markets with firming Treasury yields JGB yields are static. Will that see intervention in USD/JPY at some stage? Recommended by Daniel
