The United States Dollar reaches 20 year high, and this has become the core factory driving the USD/JPY. Despite heterogeneous United States employment data which was published last Friday, Strong anticipation of the Fed tightening monetary policy keeps supporting the performance of the USD in the FX market. Frankly, the market is already weighing the […]
USDJPY Analysis – September 1 USDJPY buyers keep driving the market upward. The breakout from the market range on the 11th of March has been the reason why the market keeps rallying upward and breaking every resistance along its way. For every downward retracement, the buyers keep storming the market and driving prices upward. USDJPY […]
Mixed Factors are affecting the JPY, and at the same time propelling the USD/JPY. Also, this is happening while there was only a moderate request for the USD. The sudden increase in the United States Treasury bond production increases the Japan – United States differential. Consequently, this has burdened the Japanese Yen. Also, a huge […]
USDJPY Analysis – August 18 USDJPY maintains its upward market trend. For a very long time, the USDJPY has been on an uptrend. 125.10 was a strong resistance level until it was broken in April of 2022. After this barrier was breached, the bulls continued to drive the market until it hit the prior resistance […]
USDJPY Analysis – August 4 USDJPY bears successfully led the market to the demand zone at 131.50. The market has been in an uptrend ever since prices broke out of consolidation on the 11th of March, 2022. Before March 11th, 2022, the market had been consolidating within a range as a correction to the preceding […]
USDJPY Analysis – The Market Continues Its Correction Phase Downward USDJPY continues its correction phase downward after a long period of market rallying for months. Over an extended period, the market’s order flow has been bullish. The bearish movement in April and June ended at the 126.50 support level, and the bulls continued to drive […]
USDJPY Market Analysis – July 22 USDJPY prepares to change market trend from an upward direction. USDJPY market began to rise in mid-March. The USDJPY rallied higher, breaking through the previous resistance level of 126.00 to reach the other previous resistance level of 131.50. When the market reached the previous resistance level of 131.50, the […]
USDJPY Analysis – July 14 USDJPY shows signs of trend change from an upward direction in the market as it approaches upthrust after distribution (UTAD). On the daily timeframe, the market keeps rallying and forming higher highs and higher lows. Until March 4, 2022, the market had been in an accumulation phase, only to break […]
USDJPY Analysis- July 7 USDJPY makes signs of trend change from an upward direction in the market. On the daily timeframe, the market keeps rallying and forming higher highs and higher lows. Until March 4, 2022, the market had been consolidating in a tight rectangular pattern, only to break out in the same upward direction […]
