USDJPY USD/JPY raises bids to reverse early-day losses around 139.50 in the first hour of Thursday's European session.The Yen pair justifies the recent bearish macros, as well as the news, around Japan while not cheering for US Dollar weakness amid a sluggish trading day so far. That said, the Japanese government recently announced a downward revision of the Fiscal Year (FY) 2023-24 growth forecasts of major Asian companies. In doing so, policymakers in Tokyo predict growth in fiscal year 2023-2024 to come in at 1.3% versus 1.5% previously expected.
The convergence of the previous support line from late March combines with the 50 Exponential Moving Average (EMA) on the daily chart to highlight 140.500 as a major short-term upside hurdle to USD/JPY breaks through to convince buyers.
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NOVA returns and updates new information
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Dear My Friends,
NOVA returns and updates new information
✅ Gold Scalping Signal: 4 - 6 signals.
✅ Forex Signal: 5 - 8 signals.
✅ Trading Idea / Setup / Technical.
✅ NEW UPDATE : Signals free in Telegram:
t.me/+1mFSljRaI5RlNjg1
NOVA returns and updates new information
✅ Gold Scalping Signal: 4 - 6 signals.
✅ Forex Signal: 5 - 8 signals.
✅ Trading Idea / Setup / Technical.
✅ NEW UPDATE : Signals free in Telegram:
t.me/+1mFSljRaI5RlNjg1
Related publications
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.