Market Analysis – September 1 USDJPY has continued to push higher since the initiation of the bullish wave at the beginning of the year. A new bullish break of structure has been established on the uptrend to signify the continuity of the price rise. USDJPY Key Levels Demand Levels: 142.120, 141.510, 127.560 Supply Levels: 146.400, […]
Market Analysis – July 31 USDJPY has recently demonstrated a substantial price surge, originating from the demand zone around the 138.0 mark. This decisive movement is a clear testament to the revival of bullish sentiment in the market. As revealed by the Stochastic indicator, the bullish momentum seemed to lose its steam at the 145.0 […]
Market Analysis – July 28 The USDJPY market has remained bearish throughout the week, primarily due to encountering a failed order block in the premium zone right after the last bearish swing on the daily chart. This unsuccessful bullish order block is situated at 142.0. Additionally, the swift bearish movement from the high of 145.0 […]
Market Analysis – July 21 The USDJPY currency pair has recently provided intriguing insights into the actions of large market players, commonly referred to as whales. These institutional participants have left distinct footprints, influencing the current market ascent that originated from a liquidity level resting just below 138.420. Key Levels for USDJPY Demand Levels: 140.000, […]
The Japanese yen has summoned its inner samurai and made a remarkable comeback against the US dollar, as seen with the USD/JPY pair this week. The secret behind its newfound strength? A stunning display of wage growth in Japan, not seen since the 90s. Meanwhile, the dollar seems unfazed, lounging near a one-year high despite […]
The USD/JPY pair took a breather on Tuesday, shedding 0.7% to close at 136.55, erasing most of the gains made in the previous session. The decline came on the back of disappointing macroeconomic data from the US, which weighed on US bond rates, sending them tumbling across the Treasury curve. The 2-year note fell by […]
The USD/JPY has rallied higher as the Bank of Japan Governor’s comments struck a dovish tone, which led to the Yen suffering overnight. The currency pair rose from a low of around 133.30 to a European session high of 135.85. All eyes were on BoJ Governor Ueda in his first monetary policy meeting, and investors […]
The US dollar-to-Japanese yen currency pair (USD/JPY) made an impressive comeback on Friday after losing ground in the early hours. The sudden surge was sparked by better-than-anticipated economic data from the United States, which sent the pair soaring from 133.55 to 134.35 in just a few minutes. The S&P Global Flash US Composite PMI, which […]
The Japanese yen has experienced a volatile first quarter of 2023, swinging from weakness to strength and back again against the US dollar. What factors have driven these fluctuations, and what can we expect for the rest of the year? One of the main drivers of the yen’s movements has been the divergence in monetary […]
