USD/JPY drops to 147.10 amid the weaker USD
Greetings everyone! Today, the USD/JPY pair is experiencing a decline below the mid 147.00s in the early Asian session on Thursday. The drop in value of the US Dollar (USD) is causing downward pressure on the USD/JPY pair, which is currently trading near 147.12, down by 0.23% for the day.
The current trend suggests that there is a higher chance of an upward movement for the USD/JPY pair. As a result, it seems likely that there will be an eventual rise towards last Friday's YTD peak at approximately 147.85 region. Furthermore, any temporary pullback in price may present a buying opportunity but would likely remain limited in scope and duration.
The current trend suggests that there is a higher chance of an upward movement for the USD/JPY pair. As a result, it seems likely that there will be an eventual rise towards last Friday's YTD peak at approximately 147.85 region. Furthermore, any temporary pullback in price may present a buying opportunity but would likely remain limited in scope and duration.
Comment:
good luck :D
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Core CPI, which excludes volatile food and energy prices, rose 0.3% month-on-month from 0.2% in July. Annual core CPI reached 4.3% compared to 4.7% previously.
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At the time of the survey, DXY measured greenback fluctuations with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) down 0.1%; at 104.66.
