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USDJPY Analysis for the Week of 24th September 2024: 150.000 !!The USDJPY pair has been a subject of interest in the forex market as it approaches a critical psychological level of 150.000. Traders are speculating whether the pair could reach this target given the current fundamental and technical landscape. In this article, we will analyze the potential for a slightly bullish bias for USDJPY this week, supported by key market drivers and macroeconomic factors. Fundamental Drivers Supporting a Bullish Bias: 1. Federal Reserve's Hawkish Stance on Monetary Policy: The Federal Reserve’s hawkish tone in recent weeks, reinforced by the latest Federal Open Market Committee (FOMC) meeting, suggests that further interest rate hikes are on the table. This has led to a strengthening of the U.S. dollar against major currencies, including the Japanese yen. With inflationary pressures still evident in the U.S. economy, the market is pricing in another rate hike before the end of the year. Higher interest rates increase the yield on U.S. assets, making them more attractive to global investors, which directly supports the USDJPY. 2. Bank of Japan's Ultra-loose Monetary Policy: In contrast, the Bank of Japan (BoJ) continues to maintain an ultra-loose monetary policy stance, keeping its interest rates in negative territory. BoJ Governor Kazuo Ueda has reiterated that the bank will remain accommodative until inflation sustainably reaches its 2% target, which still seems distant. This divergence between U.S. and Japanese monetary policies is a major driver of the USDJPY bullish momentum, and it is expected to continue fueling the pair’s rise toward the 150.000 level. 3. Rising U.S. Treasury Yields: U.S. Treasury yields have been rising steadily, with the 10-year yield nearing the 4.5% mark, its highest level in years. This surge is indicative of market expectations for prolonged high interest rates in the U.S., which adds further upward pressure on the dollar. Historically, higher U.S. Treasury yields have a direct correlation with USDJPY strength as global investors seek higher returns on their investments. 4. Geopolitical Uncertainty: Geopolitical tensions in Eastern Europe and the Middle East are contributing to safe-haven flows into the U.S. dollar, adding to its bullish momentum. While the yen is also considered a safe-haven currency, the growing demand for the dollar due to the U.S. economy’s relative strength and higher yields is tipping the balance in favor of USDJPY bulls. 5. Japanese Intervention Risks: As the USDJPY approaches the 150.000 level, market participants are wary of potential intervention by Japanese authorities to stem yen depreciation. However, recent remarks from Japanese officials suggest that intervention is not imminent unless volatility becomes disorderly. Until intervention threats materialize, the path of least resistance for USDJPY appears to be upward. Technical Analysis: On the technical front, USDJPY has been trading in a well-defined uptrend, with higher highs and higher lows forming on the daily chart. The pair is currently testing resistance near the 149.50-149.80 zone, with 150.000 acting as the next psychological target. A sustained break above 150.000 could pave the way for further gains, with potential resistance around 151.50 and 152.00. Momentum indicators, such as the Relative Strength Index (RSI), are approaching overbought territory, suggesting that while the bullish trend is strong, there may be some short-term consolidation before a decisive move beyond 150.000. Nonetheless, dips are likely to be viewed as buying opportunities, with strong support seen around 148.50. Conclusion: Given the current fundamental and technical landscape, USDJPY is poised to maintain a slightly bullish bias this week. The combination of a hawkish Federal Reserve, a dovish Bank of Japan, rising U.S. Treasury yields, and geopolitical uncertainty supports further upside for the pair. While intervention risks may temper gains, a move toward and possibly beyond the 150.000 level seems achievable in the near term. SEO Keywords: USDJPY analysis USDJPY forecast USDJPY bullish bias USDJPY 150.000 target U.S. dollar strength Federal Reserve interest rates Bank of Japan policy USDJPY technical analysis USDJPY fundamental drivers USDJPY September 2024 analysis
Long
by PERFECT_MFG
Tuesday Market Analysis and SignalsIn the Asian market on Tuesday, gold fluctuated in a narrow range at high levels and is currently trading around $2,628 per ounce. Gold hit an all-time high of 2,634 during trading on Monday, up about 0.24%. The bullish market sentiment after the Fed's interest rate cut last week and geopolitical tensions pushed up the London gold price, but the US dollar index stabilized and rebounded. Ukrainian President Zelensky said that the Russian-Ukrainian war was "close to the end", and investors need to beware of the risk of a short-term correction in gold prices. If the employment rate drops sharply, the market will believe that the Fed may be more active in cutting interest rates, which is very beneficial to gold prices. In addition, regional instability in the Middle East may further push gold prices higher. The growing tensions between Israel and Hezbollah have enhanced the appeal of safe havens, which may further boost demand for gold. As a traditional hedging tool for geopolitical and economic uncertainties, gold will have its best year in 14 years. There are relatively few economic data on this trading day. Investors will pay attention to the Reserve Bank of Australia's interest rate decision, the US Conference Board Consumer Confidence Index in September, speeches by Fed officials, and news related to the geopolitical situation. Yesterday, the historical high of 2634 was reached again, showing a continuous breakthrough of the bullish pattern. The MA7/10-day moving average and the 5-day moving average have moved up to 2605/2582, of which the 5-day moving average is above the 2600 mark, and the RSI indicator is close to the high value of 80. The upper rail resistance of the Bollinger Band channel is obvious. In the short term, the gold price faces certain suppression and technical indicator repair. The overall gold bull trend structure is intact. The small cycle indicator is overbought and the indicator needs further cycle repair. Look at the 2615/2635 range first, buy low and sell high. Trading strategy: 2613-2615 long, stop loss 2604, target 2635-2645; 2635-2638 short, stop loss 2647, target 2610-2600;
OANDA:XAUUSDLong
by Jun-goldFX
Buy Trade Idea for ISP (Ispolink)Description ISP (Ispolink) is gaining momentum as a blockchain-based platform, designed to revolutionize the talent acquisition industry. Below are the key fundamentals supporting a potential buy trade for ISP: - **Cross-Chain Compatibility:** ISP is built with cross-chain functionality, enabling seamless interactions between major blockchain networks such as Ethereum and Binance Smart Chain. This boosts its interoperability and makes it more accessible to a wider range of users. - **Talent Matching Revolution:** Ispolink is specifically designed for the tech recruitment space, utilizing artificial intelligence to match employers with skilled talent, solving inefficiencies in traditional hiring processes. - **DeFi Integration:** ISP leverages decentralized finance (DeFi) functionalities, enabling token holders to stake ISP tokens and earn rewards, further incentivizing platform engagement and increasing the value proposition for users. - **Strong Partnerships:** ISP has established collaborations with leading blockchain projects, which enhances its credibility and accelerates its growth in both the blockchain and recruitment industries. These strong fundamentals suggest that ISP is well-positioned for future growth, making it a potentially rewarding buy opportunity for investors looking to capitalize on the blockchain-based innovation in talent management. Disclaimer Trading and investing in cryptocurrencies involve significant risk and may result in substantial losses. The information provided here is for informational purposes only and should not be considered as financial advice. Cryptocurrencies are highly volatile and subject to a wide range of market influences. Always conduct thorough research, assess your risk tolerance, and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
Long
by MoonTradingForecast
OM Mainnet Fuel Ultra Bullish MomentumOne of the most beautiful charts out there— NASDAQ:OM is forming higher highs and higher lows! With the Federal Reserve cutting interest rates by 50 BPS—the first cut in over 4 years—liquidity is flowing into the market, and NASDAQ:OM is perfectly positioned to benefit. 📈 Combine that with the upcoming #MANTRA mainnet launch, and this chart could be ready for a massive breakout! Keep an eye on it 👀 Ultra bullish vibes ahead. 🔥💥
Long
by jasonturneerr
Milestones to Watch in OMtoberI'm really looking forward to what #MANTRA has in store. Big things are brewing for NASDAQ:OM in #OMtober Highlights to keep an eye on: ❐ MANTRA Mainnet Launch ❐ 50M NASDAQ:OM Airdrop ❐ $500M Real Estate Tokenization in Play ❐ Aviation Finance Partnership Rollout ❐ Institutional Capital Deployment Features ❐ Enhanced Network Security Implementation ❐ RWA Tokenization Platform Expansion ❐ Strategic Partnerships in Finance Sector ❐ Participation in Major Blockchain Events ULTRA-BULLISH! 🎯🐂
Long
by Anderson771
XAUUSD:23/9 Today's Market Analysis and StrategyGold technical analysis Daily resistance 2650, support 2550 Four-hour resistance 2650, support 2613-2604 Gold operation suggestions: The rise is boosted by the bets of further interest rate cuts in the United States and the intensification of tensions in the Middle East. Gold prices have risen by 27% so far in 2024, which is set to hit the largest annual increase since 2010. The market seeks to hedge the uncertainty caused by long-term conflicts in the Middle East and other regions. At present, the overall gold price has stood above the 2600 mark and entered a very strong unilateral pattern of bulls. Judging from the current market trend, gold is fluctuating at the 2630 level, and the bulls are in a slow bull market. Today we continue to see new highs above, and pay attention to the 2613-2604 support line below. The operation is still mainly based on retracement and long positions. Before the daily level falls below this position, the low-multiple rhythm remains unchanged. BUY:2611~2613 SL:2604 SELL:2649~2651 SL:2655 Technical analysis only provides trading direction!
OANDA:XAUUSDLong
by ActuaryJ
2
BloomZ Inc. (NASDAQ: BLMZ) and the Growing VTuber MarketSince its inception in December 2021, BloomZ Inc. has been at the forefront of the VTuber (Virtual YouTuber) management business, a rapidly expanding sector in the digital entertainment world. VTubers, or virtual characters animated using motion-capture technology, are essentially digital avatars that stream content in real-time, engaging audiences with their human-like expressions and interactions. Based on the prospectus, BLMZ manages a group of 18 VTubers under the name “Hoshimeguri Gakuen”, offering content like chatting, singing, and gaming across platforms such as YouTube and Fan Box. The VTuber Business Model? The VTuber industry thrives on its interactive, immersive experiences. For BLMZ, a large portion of revenue is generated through platform distributions from YouTube, BOOTH, and live-streaming events like VirtualThruLens, held by Avex Entertainment Inc. As of March 2023, BLMZ saw VTuber management account for 30.7% of its revenue, a notable increase from 12.8% the previous year. YouTube remains the dominant platform, contributing over 42% of BLMZ’s VTuber revenue, while BOOTH and Fan Box provide additional income through digital merchandise sales. Explosive Growth of the VTuber Market The global VTuber market is undergoing explosive growth. In 2022, it was valued at USD 4.4 billion and is expected to skyrocket to USD 27.6 billion by 2029, reflecting a CAGR of 35.6%. This rapid expansion is driven by several factors: · Advancements in Technology. Motion capture and animation technologies have made it easier than ever to create high-quality virtual avatars, allowing both creators and audiences to enjoy more immersive experiences. · Global Appeal. VTubers can transcend geographical and language barriers, attracting a wide range of audiences. Their appeal extends across various demographics, further driving engagement and revenue opportunities. · Rise of Virtual Influencers. The popularity of virtual influencers on social media platforms has made VTubers more mainstream, creating business opportunities with brand collaborations and content creation projects. As more brands realize the potential of VTuber partnerships, the demand for virtual talent agencies, like BloomZ, continues to grow. The Future of VTubers and BLMZ Role As the VTuber industry matures, companies like BLMZ are well-positioned to take advantage of this digital revolution. With more businesses recognizing the potential of virtual influencers, the VTuber market is expected to become a key player in the future of digital entertainment and brand marketing. For BLMZ, the combination of growing revenue streams, strong partnerships, and technological expertise ensures that it will remain a significant player in this rapidly expanding market.
NASDAQ:BLMZLong
by HASHInvests200