USDJPY Lower
Trying USDJPY lower here.
We're right at a pretty nice resistance area on the pair.
The USD has recently been rising on better banking sector earnings/less stress and so the market is expecting the fed to hold, also on a dovish BoJ. There was just a statement from the BoJ that was a little hawkish and i think it now worries some of the people long USDJPY as we get closer to the BoJ meeting next week. I'm also expecting weaker US PMI data on friday which could mean lower us yields and USD.
I think US yields start to slow here as we approach some resistances. The nikkei and US stocks are falling which should help the pair move lower.
not trading/investment advise, feedback welcome!
We're right at a pretty nice resistance area on the pair.
The USD has recently been rising on better banking sector earnings/less stress and so the market is expecting the fed to hold, also on a dovish BoJ. There was just a statement from the BoJ that was a little hawkish and i think it now worries some of the people long USDJPY as we get closer to the BoJ meeting next week. I'm also expecting weaker US PMI data on friday which could mean lower us yields and USD.
I think US yields start to slow here as we approach some resistances. The nikkei and US stocks are falling which should help the pair move lower.
not trading/investment advise, feedback welcome!
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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.