Fundamental Analysis:
I would take into account a variety of factors including GDP growth rate, unemployment rate, inflation rate, and balance of trade. The US has a relatively strong GDP growth rate of 2.7% compared to Japan's 0% growth rate. The US unemployment rate of 3.6% is higher than Japan's 2.4% rate, which suggests a slightly weaker labor market in the US. In terms of inflation, the US has a higher rate of 6% compared to Japan's 4.3%, which may signal that the US Federal Reserve may consider raising interest rates to combat inflation. Finally, when it comes to the balance of trade, the US has a deficit of -68289 while Japan has a deficit of -898, indicating that Japan's exports may be stronger compared to the US. Overall, based on these fundamental factors, I may consider a slightly bearish outlook for USD/JPY in the short-term. the demand for USD is generally stronger than JPY for a few reasons. **the main reason why USD/JPY will rise is The US dollar is seen as a safe haven currency in times of market volatility and uncertainty**
Technical Analysis:
Based on the technical analysis of USD/JPY, it appears that the Japanese Yen has dropped to a key support level at the 0.5 Fibonacci retracement level against the US Dollar. This could potentially indicate that there is an opportunity for the USD/JPY pair to rise from this level to a target price.
Targets: 134,135,136.....140
"Don't forget to like"
.
.
.
.
.
.
"Thanks for giving your time to read my article."
I would take into account a variety of factors including GDP growth rate, unemployment rate, inflation rate, and balance of trade. The US has a relatively strong GDP growth rate of 2.7% compared to Japan's 0% growth rate. The US unemployment rate of 3.6% is higher than Japan's 2.4% rate, which suggests a slightly weaker labor market in the US. In terms of inflation, the US has a higher rate of 6% compared to Japan's 4.3%, which may signal that the US Federal Reserve may consider raising interest rates to combat inflation. Finally, when it comes to the balance of trade, the US has a deficit of -68289 while Japan has a deficit of -898, indicating that Japan's exports may be stronger compared to the US. Overall, based on these fundamental factors, I may consider a slightly bearish outlook for USD/JPY in the short-term. the demand for USD is generally stronger than JPY for a few reasons. **the main reason why USD/JPY will rise is The US dollar is seen as a safe haven currency in times of market volatility and uncertainty**
Technical Analysis:
Based on the technical analysis of USD/JPY, it appears that the Japanese Yen has dropped to a key support level at the 0.5 Fibonacci retracement level against the US Dollar. This could potentially indicate that there is an opportunity for the USD/JPY pair to rise from this level to a target price.
Targets: 134,135,136.....140
"Don't forget to like"
.
.
.
.
.
.
"Thanks for giving your time to read my article."
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.
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.