RLinda ! USDJPY-> Will growth continue?
USDJPY continues to rise. The Japanese yen is struggling as the 2-year US Treasury bond yield hit a new peak of 3.901% on Friday
The Bank of Japan will meet this week and it is unlikely that it will sanction a rate hike. Consequently, the Japanese currency will be hit even harder by the rising interest rate differential.
Most experts believe the Federal Reserve will raise the benchmark interest rate at the end of this week's meeting because August inflation statistics showed a slower, slower pace of consumer price growth in the U.S.
I assume that the situation on the chart is also bad for the JPY, and we see that the price continues to consolidate in the long zone against the resistance of the global channel and forms the third retest, so we will see the growth in the nearest future. The short-term target is the resistance 144.78, the medium-term target is the level from 1998, 147.76
Regards to R. Linda!
The Bank of Japan will meet this week and it is unlikely that it will sanction a rate hike. Consequently, the Japanese currency will be hit even harder by the rising interest rate differential.
Most experts believe the Federal Reserve will raise the benchmark interest rate at the end of this week's meeting because August inflation statistics showed a slower, slower pace of consumer price growth in the U.S.
I assume that the situation on the chart is also bad for the JPY, and we see that the price continues to consolidate in the long zone against the resistance of the global channel and forms the third retest, so we will see the growth in the nearest future. The short-term target is the resistance 144.78, the medium-term target is the level from 1998, 147.76
Regards to R. Linda!
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