Following recent attempts by the USD/JPY pair to reach the 1 2.25 resistance level, the USD sell-off against other major currencies continued in a big way ahead of the US holiday. The share of...
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GBP/JPY PLUNGES FROM 169.50 AREA TO SESSION LOWS BELOW 165.00
As a result of the supposed intervention of the BoJ, the pound retreats below 165.00. Japanese authorities declined to comment. FX analysts are skeptical about the effectiveness of monetary policy interventions. , The British...
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1 Minute
USD/JPY Forecast: Continues to Climb on Friday
I have no interest in shorting this market, at least not until something fundamentally changes. The USD/JPY rallied a bit during the trading session on Friday, especially after the Jerome Powell speech. The US dollar has...
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1 Minute
Trading Support and Resistance – USD/JPY, EUR/JPY
This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching. The first part of my forecast is based upon my research of the past 20 years of...
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USDJPY has 3 key technical levels that have stalled the rally higher today
The USDJPY continued it’s move higher today after reaching a low of 132.419 yesterday. That move took the price below a swing area between 132.24 and 132.479. However, when the price move back above...
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USD/JPY Forecast: USD Pulls Back From the 50 Day EMA
The US dollar has pulled back from the 50 Day EMA against the Japanese yen in trading on Thursday as we wait for the Non-Farm Payroll numbers.This announcement could be a major moment of...
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1 Minute
USD/JPY OFF TWO-MONTH LOW AMID MODEST USD REBOUND, KEEPS THE RED AROUND 131.00
USD/JPY continues losing ground for the fifth straight day and drops to a nearly two-month low. The narrowing US-Japan yield spread, the cautious mood underpins the JPY and exerts pressure. A modest US bounce...
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2 Minutes
USD/JPY STRUGGLES NEAR ONE-AND-HALF-MONTH LOW, DEFENDS 132.00 MARK FOR NOW
USD/JPY drops to a one-and-half-month low and is pressured by a combination of factors. The USD languishes near a multi-week low amid bets for a gradual Fed tightening path. The narrowing US-Japan rate differential,...
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3 Minutes
Dollar keeps steady in the new week
The dollar was weaker initially at the start of last week but found a footing with a bit more of a push and pull feel as markets are able to now fully switch their...
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1 Minute
USD/JPY STALLS INTRADAY RECOVERY FROM WEEKLY LOW, FAILS JUST AHEAD OF 138.00 MARK
USD/JPY bounced off the 137.00 mark, or a one-and-half-week low touched earlier this Friday. The narrowing US-Japan bond yield differential, the caution mood benefitted the safe-haven JPY. The divergent Fed-BoJ policy stance supports prospects...
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