U.S. Dollar / Japanese YenUpdated 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.
Note
good luck :DNote
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.Note
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.
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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.