USD/JPY Weekly Outlook: Buyers Target 148.0 Breakout
USD/JPY Weekly Outlook Key Points: USD/JPY initially experiences minor bearish pressure but rebounds. Support stems from positive US data and a hawkish Federal Reserve (Fed) stance. Bank of Japan (BoJ) maintains a dovish stance. Focus on upcoming Fed rate decision. The USD/JPY currency pair embarked on the week with a brief spell of bearish sentiment, […]
USD/JPY Weekly Analysis: Bullish Trend Persists
USD/JPY Weekly Analysis: Bullish Trend Persists Main Points: The USD/JPY pair continues its strong bullish trend due to monetary policy disparities between the BoJ and the Fed. Technical analysis shows a bullish pinbar candlestick and the pair trading above the 20-day EMA, signaling further upside potential. Market sentiment leans toward USD strength, supported by fundamental […]
USD/JPY Weekly Forecast: Bull Retake the Driving Seat
USD/JPY Weekly Forecast Main Points: US dollar experiences fluctuations amid market uncertainty but closes the week strongly. Wild week for USD against JPY with fluctuations but potential support at 142.50 level. US interest rates, higher than Japanese rates, likely to keep USD strong against JPY. USD/JPY – Weekly Market Overview The US dollar embarked on […]
An Overview of USDJPY’s Daily Movements
Main Points: The weekly chart indicates a strong uptrend for USDJPY. A resistance level has been identified, which might challenge the bullish momentum. The daily timeframe underscores significant buy signals. Analysis of the Uptrend Taking a glance at the weekly chart for USDJPY, there’s a prominent uptrend. This denotes a consistent strength in the U.S. […]
USD/JPY – Is the seasonality bearish factor in January will change the direction
The USD/JPY price lost significant gains by the end of the year, thanks to BoJ’s policy tweak. The daily chart shows multiple bearish crossovers. This shows a strong downtrend in play. The price is currently supported by a critical level of 131.00. However, the level looks feeble against the price action. The seasonality factor for […]
USD/JPY – Continued consolidation or continued trend?
The USD/JPY remained in a consolidation last week. The pair is eying the Bank of Japan’s meeting next week that may stimulate the market. Technically, the pair remains supported by the 200-day SMA. However, the support looks feeble and may be dominated by the sellers. The upside potential has been barred by the 20-day SMA. […]
