USD/JPY is currently experiencing a bit of a rebound against the Japanese Yen, but don’t let the excitement of this slight boost fool you. This move is likely just a case of Mondays, with very little in terms of economic news to cause any significant shifts in the market. Interest-Rate Prospects and Banking Sector Health […]
USD/JPY hits a seven-week low as the US dollar takes a tumble in the currency market. This comes after the Federal Reserve raised interest rates, but with a more cautious commentary about the state of the domestic banking system. It seems that the US financial sector has been dealt a blow with the failure of […]
Market Analysis – March 15 USDJPY has turned bullish since the market reversal abounded in January. The bulls have retraced from the resistance level of 138.00 to seek support for an ascent. USDJPY Key Levels Resistance Levels: 138.00, 142.00 150.00 Support Levels: 130.00, 127.00, 124.00 USDJPY Long-term Trend: Bullish USDJPY is currently experiencing buy-side delivery […]
The USD/JPY exchange rate is taking us on a wild ride as investors flock to Japanese government bonds in search of safety amidst falling yields. The banking industry, in particular, has taken a hit, with Japan’s largest banks revealing extensive bond holdings on their balance sheets. It seems like they’ve been following the mantra “never […]
Market Analysis – March 2 USDJPY price is rising steadily on the daily timeframe. The Bulls have reached their first resistance level of 138.00 after the trend reversal in January. USDJPY Key Levels Demand Levels: 127.0, 130.0, 124.00 Supply Levels: 138.0, 142.0, 150.0 USDJPY Long-term Trend: Bullish USDJPY turned bearish in October after the daily […]
The USD/JPY exchange rate has been on a rollercoaster ride since early 2021, with bulls taking the lead in recent weeks. The pair hit a high of 150.00 last year, the best level since 1990, before undergoing a massive downward correction that brought it below 130.00 in mid-January 2023. However, the U.S. dollar has since […]
Market Analysis – February 23 USDJPY has turned bullish on the daily timeframe. The price is rising slowly toward the resistance levels. The first resistance level of 134.40 has been reached. USDJPY Key Levels Demand Levels: 131.30, 127.50, 124.00Supply Levels: 134.40, 138.00, 142.00 USDJPY Long-term Trend: Bullish The USDJPY market was overbought in December. The […]
The USD/JPY currency pair has shown signs of recovery after selling off in late 2022. In the afternoon of the New York session, USD/JPY rallied more than 0.5%, reaching 134.90, just below the crucial psychological level of 135.00. The DXY index also advanced moderately, maintaining six-week highs. The rally was supported by risk-off sentiment and […]
Market Analysis – February 16 USDJPY bulls have taken control of the market again after losing it to the sellers in November. The market has reached the immediate resistance level of 134.40. USDJPY Key Levels Demand Levels: 131.30, 127.50, 114.70 Supply Levels: 134.40, 138.00, 150.90 USDJPY Long-term Trend: Bullish The market followed an uptrend all […]
