It has been a remarkable week for the yen, which has exhibited sharp swings throughout the week. The Japanese yen fell as much as 1% earlier and on Thursday but has pared most of those losses. USD/JPY has risen 0.38% to 155.19 at the time of writing. Japan suspected of intervention In the Asian session, the yen fell as low as 157.55 but then recovered to...
The Japanese yen has edged higher on Wednesday. In the European session, USD/JPY is trading at 151.17, down 0.26%. The Bank of Japan raised interest rates last week for the first time since 2007. The move marked a sea-change in monetary policy. However, the tightening has not translated into gains for the Japanese yen, which remains under pressure. Earlier today,...
USD/JPY has continued to defy gravity despite the growing threat of verbal (or actual) yen intervention by the MOF/BOJ. Yet the higher and faster it rises, so does the threat of intervention. You can see what impact it had on USD/JPY from the large bearish candle that formed on 23 October 2022, where the initial break above 150 was then met with a swift move lower...
The Japanese yen has extended its gains on Friday. In the North American session, USD/JPY is trading at 145.29, down 0.38%. The month of August has been kind to the US dollar, which has posted strong gains against all of the major currencies. USD/JPY has risen 2.34% in that period and on Thursday, the yen fell as low as 146.56, a nine-month low against the US...
On March 7th, EUR/JPY made a low print of 124.40. Since then, the pair has been moving higher in an ascending wedge formation. On October 21st, the pair attempted to breakout above the top trendline of the pattern, reaching an intraday high of 148.40. However, Japan’s Ministry of Finance stepped in and intervened in the fx markets by buying Yen. That was the...
USD/JPY has posted strong gains today. In the European session, the yen is trading at 147.42, up 0.78%. All eyes were on the Bank of Japan, which wrapped up a crucial 2-day policy meeting on Friday. The meeting came just days after Japan's Ministry of Finance (MOF) intervened in the currency markets after the yen had fallen close to the 152 line, a new 32-year...
USD/JPY has posted strong gains today. In the European session, the yen is trading at 147.42, up 0.78%. All eyes were on the Bank of Japan, which wrapped up a crucial 2-day policy meeting on Friday. The meeting came just days after Japan's Ministry of Finance (MOF) intervened in the currency markets after the yen had fallen close to the 152 line, a new 32-year...
The Japanese yen is sharply lower today, as USD/JPY has climbed 1.2% and is trading at 149.41 in Europe. The yen continues to exhibit strong swings for a second straight session. The yen started the week with sharp gains and jumped to 145.28, but the dollar has recovered and pushed the yen back above 149. This is a repeat of the whipshaw we saw on Friday, when...
Hey traders, as the monetary policy in the US remains aggressive we still see a possibility of continuation to the upsides on USDJPY unless fed becomes Dovish but it's still not going to happen as inflation in the US is still an issue and the main focus for the US is to control inflation, so what we can expect? more rate hikes, more USD bulls and potentially a...
USD/JPY finally closed above 145 for the first time in 24 years. Given we saw the MOF (Ministry of Finance) intervene around 145.9 then the potential for the BOJ or MOF to jawbone (if not intervene) may be high. However, traders remain aware that it will take a coordinated intervention to turn this trend around, which is why prices simply drifted back to the highs...
The yen has reversed directions today and is in negative territory. In the North American session, USD/JPY is trading at 144.59, up 0.33%. Japan releases a data dump later today, highlighted by retail sales for August. The headline reading is expected to rise to 2.8%, following a 2.4% gain in July. It was exactly a week ago that the yen went on a spectacular...
Molecular Future is one of the digital assets owned by the giant blockchain group Hyper Tech , the group behind the HyperVerse project, an exceptional blockchain membership program. Go to my theforexportal website for more information about HyperVerse. Since MOF was forked (diluted) last December the price has steadily declined before moving north back in...
Molecular Future is one of the assets owned by the giant Hyper Tech group the company behind HyperVerse (see my profile for details). MOF has broken out several times over the past few weeks and then moved sideways. Currently price is moving in a range between .001255 and .001011 and is contained below resistance at .001255 and a rising trendline from late...
MOF - Molecular Futre continues to consolidate between a line of resistance and the 50 day EMA. As this flag/pennant lengthens so we move closer to break out. Usually breakouts following periods of consolidation can be quite violent and price can quickly surge higher like a dam collapsing and releasing its water. All the signs are on for a break out north as we...
Molecular Future is one of the assets owned by the giant Hyper Tech Group the Group behind HyperVerse. Since its was forked (the circulating supply diluted from 87m to 87b) the price has fallen but over the last few weeks this asset would appear to have made a floor and is now building momentum higher. Flag or pennant formations are common in trading and are a...
The MOF did indeed break out north as was suggested by the technicals. Having hit resistance from several weeks ago, price has stalled and appears to be now waiting for the 200 EMA to catch up. I expect price to drift sideways for several days now and when the 200 EMA is met then we could see price use the 200 as a springboard to break the resistance and move...
Molecular Future has (apparently) arrested its steady decline for the last 8 weeks and is tracking sideways. Price is now trapped between a rising trend line and the 200 EMA in a clear flag or pennant formation. Which way it breaks is anyones guess but it looks as if we shall see price break out either up or down over the next few days. I remain mildly BULLISH on...
Molecular Future is one of the 4 digital assets owned by the giant HyperTech Group. HyperVerse is THE outstanding blockchain membership opportunity and MOF is one of the currencies used to pay members. Last December MOF was forked and the circulating supply was increased from 87 million to 87 billion. Before then MOF moved from 3 cents to $2.36 so the potential...