hello trader's what do you think about this analysis ideas ๐๐ก๐ง
isdjpy selling zoon) Support level's ๐โฌ๏ธ Resistance Levels ๐
key levels)๐ง
Resistance Levels 151.342
Support level's 147.199 Support level's 147.967 Support level's 144.511 Support level's 137.736
Japan shares hit three-decade high, yuan shoves dollar down Nov 20, 202311:24 GMT+5 KEY POINTS: Nikkei hits a high, S&P futures fraction lower Dollar slips under 7.2000 yuan after firm PBOC fix Fed minutes, European PMIs, Nvidia results feature this week Japanese shares hit highs not seen since 1990 on Monday as strong earnings and offshore demand fuelled a three-week winning streak, while the yuan was pushed higher by China's central bank leading to broader softness in the dollar.
Japan's Nikkei NI225 ran into profit-taking at the peak but was still up 8.2% for the month so far with the Topix TOPIX not far behind.
Financial shares led the gains on Monday as investors prepare for an eventual end to negative rates, while auto makers have been benefiting from a weak yen and high exports.
MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) gained 0.8%, having climbed 2.8% last week to a two-month high.
The Black Friday sales will test the pulse of the consumer-driven U.S. economy this week, while the Thanksgiving holiday will make for thin markets.
There were media reports Israel, the United States and Hamas had reached a tentative agreement to free dozens of hostages in Gaza in exchange for a five-day pause in fighting, but no confirmation as yet
Chinese blue chips 3 399300 dipped 0.2% as the country's central bank held rates steady as widely expected, but set a firm fix for the yuan that saw the dollar slip under 7.2000
It appears the weak dollar is helping mark lower USD/JPY levels but the yen is seen picking up strength across a number of major currency pairs. The net effect is softer USD/JPY as the pair has traded below the 50-day simple moving average (SMA) - which had acted as dynamic support until now. With lower energy prices and a firmer yen, talk about FX intervention is likely to subside.
USD/JPY finds support at 146.50, followed by 145.00 . The 50 SMA now forms a potential dynamic resistance if we are to see a pullback, but the bearish move has not breached oversold conditions on the RSI yet so there may still be more room to run before overheating.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.