USD/JPY Analysis: Rate Surpasses 149 Yen Per Dollar As the USD/JPY chart indicates, the rate has risen approximately 5.4% above the August 5 low. On one hand, the yen's weakening against the U.S. dollar is partly driven by rumours that the Bank of Japan might intervene not to support the weak yen (as when the rate was above 160) but to weaken it further....
Hi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” 1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion) Monday DAY 1 Opening Range Tuesday DAY 2 Initial...
Short Term Elliott Wave USDJPY suggests that the pair is developing a bearish sequence from 07.03.2024 high. The decline made a double correction Elliott Wave structure. Down from 07.03.2024 high, wave A ended at 155.36 low. Rally in wave B ended at 157.86 high with internal subdivision as zig zag structure. Then, the pair resuming lower completing wave C at...
Hello,Traders! USD-JPY has formed a Bearish wedge pattern And we are seeing a Bearish breakout now So we are bearish biased And we will be expecting A further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
✅USD_JPY is making a bullish Correction but the pair will Soon retest a broken rising Support which is now a Resistance and from where A bearish pullback will Be expected SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! USD-JPY broke the Rising support line then Made a bullish correction And the pair is about to Retest the rising resistance But we are bearish biased And we will be expecting a Further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
By examining the EUR/USD chart in the 4-hour timeframe, we observe that the price is currently around 1.09160, and I expect this pair to decline further with the market opening. The first potential target for EUR/USD is 1.08820. This analysis will be updated. Please support me with your likes and comments to motivate me to share more analysis with you and share...
Market Analysis: USD/JPY Aims Fresh Increase USD/JPY is rising and might take out the 147.80 resistance. Important Takeaways for USD/JPY Analysis Today - USD/JPY climbed higher above the 144.15 and 145.55 levels. - There is a connecting bullish trend line forming with support at 147.00 on the hourly chart at FXOpen. USD/JPY Technical Analysis On the...
✅USD_JPY broke the key Horizontal level of 146.000 Which is now a support Then made a retest and is Going up again so we will Be expecting a further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
USD/JPY Analysis: Rate Stabilizes After Tsunami Less than a month ago, the rate was above 161 yen per US dollar. This week, it dropped below 142.5 yen (approximately -12%). The strengthening of the Japanese yen was driven by actions from the Bank of Japan and financial authorities: → Intervention to support the yen in mid-July; → An interest rate hike last...
A sharp shift in Japan's monetary policy, geopolitical tensions in the Middle East and disappointing US jobs data have pressured global markets since last Friday. . The yen's rapid rise began last Wednesday, when the Bank of Japan raised interest rates and laid out a plan to gradually taper its bond-buying program. The US dollar fell nearly 5% against the yen...
Hello,Traders! USD-JPY is trading in a Downtrend and the pair Is about to retest the Horizontal resistance Of 147.000 from where We will be expecting A further bearish Continuation Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
The Japanese Yen (JPY) exerted downward pressure on the US Dollar (USD) during the early European session. Despite the USD's initial attempt to recover value following yesterday's decline, the JPY continued to strengthen due to rising expectations that the Bank of Japan (BoJ) may implement further monetary policy tightening. The BoJ recently raised its short-term...
USDJPY continued its upward trajectory on Monday, consolidating above the 156.00 handle. Should this momentum pick up later in the week, resistance appears at 158.00, followed by 160.00. It's important to exercise caution with any ascent towards these levels, considering the possibility of FX intervention by Japanese authorities to bolster the yen. Such a move...
Japanese officials recently intervened in the foreign exchange market as the USD/JPY exchange rate approached the 160 level. However, this time the upward movement has been more gradual and less volatile, prompting no action from Japanese officials. The USD/JPY pair is currently trading above 157.00 and has rebounded strongly off the 50-day SMA in early May. The...
The risk of Japan raising interest rates combined with recent suspected intervention in the foreign exchange market has supported the Yen's recovery. If US second quarter GDP and June PCE data are unimpressive then OANDA:USDJPY is expected to continue to decrease. Even though S&P Global announced on the same day that the US Composite Purchasing Managers' Index...
✅USD_JPY has been falling recently And the pair seems locally oversold So as the pair is approaching a horizontal support of 146.000 Price growth is to be expected LONG🚀 ✅Like and subscribe to never miss a new idea!✅