🌐Fundamental Analysis
The US Dollar Index (DXY) has recovered to near 99.75 after a correction on Thursday. President Donald Trump said trade talks are progressing well and a deal with Japan is close.
US-China trade relations have been thrown into uncertainty by conflicting statements: Trump said President Xi Jinping called him, while China denied any talks were taking place. Tokyo's April consumer price index (CPI) beat expectations at 3.4%, bolstering expectations that the Bank of Japan (BoJ) will continue to raise interest rates.
🕯Technical Analysis
Prices are heading towards the resistance zone of 144,900, with the possibility of an uptrend resuming. This resistance zone is likely to act as a retest for a rally towards 148,000. Pay attention to the BUY zones of 142,300 and 141,000 for retests of this pair.
📈📉Trading Signals
SELL USDJPY 148.000-148.200 Stoploss 148.500
BUY USDJPY 141.000-140.800 Stoploss 140.500
The US Dollar Index (DXY) has recovered to near 99.75 after a correction on Thursday. President Donald Trump said trade talks are progressing well and a deal with Japan is close.
US-China trade relations have been thrown into uncertainty by conflicting statements: Trump said President Xi Jinping called him, while China denied any talks were taking place. Tokyo's April consumer price index (CPI) beat expectations at 3.4%, bolstering expectations that the Bank of Japan (BoJ) will continue to raise interest rates.
🕯Technical Analysis
Prices are heading towards the resistance zone of 144,900, with the possibility of an uptrend resuming. This resistance zone is likely to act as a retest for a rally towards 148,000. Pay attention to the BUY zones of 142,300 and 141,000 for retests of this pair.
📈📉Trading Signals
SELL USDJPY 148.000-148.200 Stoploss 148.500
BUY USDJPY 141.000-140.800 Stoploss 140.500
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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.
JOIN OUR FREE TELEGRAM GROUP t.me/+HARBQ2pBFaI5ZjI1
MESSAGE US FOR VIP SIGNALS🏆 t.me/Leilani8597
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Disclaimer
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.