USDJPY: 148.00, Recovery Continues
The Japanese yen (JPY) is recovering its positive momentum on the Asian session on Wednesday, trading near its weekly high against its American counterpart, reached earlier this week.
The main factors supporting the yen are:
Concerns that the deepening conflict in the Middle East could trigger a wider war in the region.
Disappointing macroeconomic data from Japan.
The decline in U.S. Treasury yields.
The U.S. dollar (USD), on the other hand, remains in its usual range amid uncertainty over when the Federal Reserve (Fed) will begin cutting interest rates.
Trading recommendation: Consider buying at levels above 148.30.
#USDJPY #Fed #FedRateCut #dollar #yen #risk #geopoliticalRisks
The Japanese yen (JPY) is recovering its positive momentum on the Asian session on Wednesday, trading near its weekly high against its American counterpart, reached earlier this week.
The main factors supporting the yen are:
Concerns that the deepening conflict in the Middle East could trigger a wider war in the region.
Disappointing macroeconomic data from Japan.
The decline in U.S. Treasury yields.
The U.S. dollar (USD), on the other hand, remains in its usual range amid uncertainty over when the Federal Reserve (Fed) will begin cutting interest rates.
Trading recommendation: Consider buying at levels above 148.30.
#USDJPY #Fed #FedRateCut #dollar #yen #risk #geopoliticalRisks
"Japanese Yen Under Pressure: Dynamics of USD/JPY and Global Factors' Influence"
The Japanese yen is experiencing sales pressure for the second consecutive day, reaching a new low for the year against the US Dollar. Despite the Bank of Japan's policy tightening, the recent bull market on global stock exchanges is considered a key factor undermining the yen's relative status as a safe currency.
Impressive employment data released on Friday in the US highlights the economy's good shape, allowing the Federal Reserve to maintain high-interest rates for a more extended period. It lifts the US Dollar (USD) to its highest level since December 11, providing additional support to the USD/JPY pair.
Traders are awaiting the release of the ISM Services PMI in the US, along with monitoring geopolitical tensions and China's economic problems. Risk sentiments may create trading opportunities for USD/JPY.
Trading Recommendation: It is recommended to place a buy order for USD/JPY from the current price level.
#Yen #Dollar #USDJPY #Trading #Economy #Fed
The Japanese yen is experiencing sales pressure for the second consecutive day, reaching a new low for the year against the US Dollar. Despite the Bank of Japan's policy tightening, the recent bull market on global stock exchanges is considered a key factor undermining the yen's relative status as a safe currency.
Impressive employment data released on Friday in the US highlights the economy's good shape, allowing the Federal Reserve to maintain high-interest rates for a more extended period. It lifts the US Dollar (USD) to its highest level since December 11, providing additional support to the USD/JPY pair.
Traders are awaiting the release of the ISM Services PMI in the US, along with monitoring geopolitical tensions and China's economic problems. Risk sentiments may create trading opportunities for USD/JPY.
Trading Recommendation: It is recommended to place a buy order for USD/JPY from the current price level.
#Yen #Dollar #USDJPY #Trading #Economy #Fed
USDJPY: Watch Level 150.00
USDJPY rises for a second day. Japanese officials warn against FX market speculation.
Japan's economy unexpectedly shrinks again in Q4.
US Fed seen keeping rates higher for longer.
Trade recommendation:
Monitor 150.00 level, buy on bounces.
#USDJPY #Dollar #Yen #Fed #Inflation #Economy #Forex #Analysis
USDJPY rises for a second day. Japanese officials warn against FX market speculation.
Japan's economy unexpectedly shrinks again in Q4.
US Fed seen keeping rates higher for longer.
Trade recommendation:
Monitor 150.00 level, buy on bounces.
#USDJPY #Dollar #Yen #Fed #Inflation #Economy #Forex #Analysis