USDJPY: Ready To start another bearish wave
USDJPY: Ready To start another bearish wave
During the previous week, former President Trump accused China and Japan of intervening in the forex market, claiming they were taking advantage of the US.
Japanese Prime Minister Ishiba responded, stating that Japan is not pursuing a currency devaluation policy and disagreed with Trump's accusations.
Since then, the JPY has become more volatile, possibly pushing USD/JPY down to satisfy Trump's demands. Additionally, Japan aims to avoid a trade war with the US.
The odds are that USD/JPY could begin another bearish wave following this week's turmoil, as shown on the chart.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
During the previous week, former President Trump accused China and Japan of intervening in the forex market, claiming they were taking advantage of the US.
Japanese Prime Minister Ishiba responded, stating that Japan is not pursuing a currency devaluation policy and disagreed with Trump's accusations.
Since then, the JPY has become more volatile, possibly pushing USD/JPY down to satisfy Trump's demands. Additionally, Japan aims to avoid a trade war with the US.
The odds are that USD/JPY could begin another bearish wave following this week's turmoil, as shown on the chart.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Note
USDJPY moved 65 pips down from our analysis:)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.