USD/JPY: Will it break out of the current range?A new day has begun. Have you all updated the news on the USD/JPY pair yet? Let’s catch up together!
The recovery of the Japanese Yen (JPY) remains quite fragile due to concerns about the Bank of Japan’s (BoJ) monetary policy and the global risk environment. On the other hand, the USD continues to be supported by expectations that the Fed will maintain high interest rates in the near future. This makes the USD more attractive compared to the JPY, limiting the upward momentum of the USD/JPY pair.
Looking at the technical chart, the USD/JPY pair is fluctuating around 149.63 in a downtrend. Although there is support at the 141.86 level, the pair has not been able to sustain its upward momentum. However, investors must be more cautious with their decisions, especially as the market is being influenced by multiple uncertainties.
What are your thoughts on this pair? Leave a comment and let me know!
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USD/JPY: Will It Continue to Rise Next Week?Hello everyone, Alisa here! Today, let’s update the information on the USD/JPY currency pair!
The yield on the 10-year U.S. Treasury bond continues to climb, reaching 4.104%, which has driven the growth of the USD/JPY exchange rate. The USD/JPY pair quickly rose to 149.13, increasing by 0.37% in the last trading session. The widening interest rate differential between the U.S. and Japan is attracting investment flows into the U.S. dollar, boosting the uptrend of this currency pair.
Looking at the 1-hour chart, the resistance level of 149.268 is playing a crucial role. If the USD/JPY pair, supported at the 148.450 level, can gain momentum and break through this resistance, it is expected to surge towards the 150.00 mark. Once it surpasses the 150.00 level, we can anticipate further buying pressure, pushing the price higher.
What do you think about this currency pair?
USD/JPY: Risk of Decline WarningToday, let's join Alisa in observing the USD/JPY pair to see how it's performing! Will it go up or down?
The USD/JPY pair is fluctuating around the 149 mark, impacted by various factors. A stronger-than-expected U.S. jobs report has lowered expectations for the Fed to ease monetary policy, providing support for the USD. Meanwhile, within the Japanese government, there are conflicting signals regarding monetary policy. The upcoming election on October 27 further complicates the situation as leaders must balance market stability with meeting voter expectations.
The resistance level at 149.350 is the focal point. If USD/JPY fails to break through this level, combined with uncertainties surrounding Japan’s monetary policy and pressure from the U.S. jobs report, there is a high likelihood that the pair will turn downward. Investors should be cautious of short-term downside risks.
What do you think of my analysis? Feel free to comment and let me know!
USD/JPY: Will It Continue to Rise?Hello everyone. How's everyone doing today? Let’s analyze the USD/JPY currency pair together with Alisa!
The USD/JPY currency pair has broken through the 50-day SMA and maintained its upward momentum for two consecutive sessions, reaching a new 3-month high. The strength of the USD, supported by the Fed’s interest rate outlook and positive employment reports, is the main driver pushing this pair higher.
Looking at the technical chart, USD/JPY is in an uptrend, hovering around the 146.79 level. The 143.470 support level plays a crucial role in driving this pair upward, with expectations to soon reach the 147.000 mark. This is seen as a catalyst for buyers.
This is Alisa's perspective. What about you, what do you think?
USD/JPY: Which trend is dominating?Hello, I’m Alisa. Today, let's analyze the movements of the USD/JPY pair together!
Although the USD/JPY pair is maintaining stability around the 143.91 level, pressure on this pair may increase due to rising expectations that the Fed will implement a significant interest rate cut in November, combined with the Bank of Japan (BoJ) continuing to delay raising rates.
From a technical chart analysis, the USD/JPY pair remains within a downward price channel. The price could drop to the support level of 143.190, and while there might be a slight rise, the price is likely to quickly adjust downward again upon facing resistance at 143.958.
This is my analysis, what’s your opinion?
BOJ keeps rates unchanged, will USD/JPY rise or fall?
Hello everyone, I’m Alisa. Today, I will share some insights about USD/JPY.
After a two-day policy meeting concluded today, the Bank of Japan (BOJ) maintained its key interest rate at 0.25%, leading to little movement in USD/JPY prices.
Looking at the chart, the EMA line remains stable with no signs of reversal. Therefore, USD/JPY is expected to maintain its trend. If resistance at 143.820 holds, the pair may drop to 141.818 or potentially 139.323.
If my prediction holds, sellers will benefit. What do you think? Do you agree with Alisa?
Wolf wave in USD/JPY , Target-110Long position, at-least for 20 days . It's the perfect test of patience by hodling your profits. Good luck.
check graph for more info.
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Disclaimer: My views are not written on stone and can be sometimes wrong, since no one is 100% sure in stock market. Consult your financial advisor before making trading decisions.