0.00652 on friday
Current Price: 0.00657 USD per JPY
Target Price (Friday, November 3, 2024): 0.00652 USD per JPY
Stop Loss: 0.00661 USD per JPY (above recent resistance level)
Entry: Consider entering around 0.00657, the current price level.
BoJ Meeting: The Bank of Japan’s policy meeting on October 31 could maintain or intensify the dovish stance, which may weaken JPY as the USD retains demand from ongoing global economic uncertainties.
U.S. Dollar Strength: The USD remains supported by expectations of stable Fed policy, adding pressure on JPY/USD.
Target Price (Friday, November 3, 2024): 0.00652 USD per JPY
Stop Loss: 0.00661 USD per JPY (above recent resistance level)
Entry: Consider entering around 0.00657, the current price level.
BoJ Meeting: The Bank of Japan’s policy meeting on October 31 could maintain or intensify the dovish stance, which may weaken JPY as the USD retains demand from ongoing global economic uncertainties.
U.S. Dollar Strength: The USD remains supported by expectations of stable Fed policy, adding pressure on JPY/USD.
Note
or a 1-lot trade in JPY/USD with an entry at 0.00657 and a target price of 0.00652, the potential profit would be approximately $5.
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