The Japanese Yen (JPY) yo-yos in a wide range versus the US Dollar (USD) on Thursday, as numerous factors impact the pair, from increasing tensions on
Japanese Yen declines against the US Dollar due to broad risk aversion on Israel-Palestine tensions. FX market intervention from the Japanese authorities may have propped up the weakening Yen as USD/JPY passed the 150 threshold. In the US session, USD weakens after a raft of US data releases, including GDP and Jobless Claims. the Gaza strip to the release of key US data and the rumored intervention of Japanese authorities in the FX markets.
16 highs of October 3, confirming a breakout. Although it has not been a particularly decisive breakout – Thursday’s breakout candle is a ‘Doji’ indicating indecision – price will, nevertheless, probably continue higher, given the overarching uptrend. The triangle’s technical target is at around 152. US Dollar vs Japanese Yen: Daily Chart The Moving Average Convergence Divergence momentum indicator is showing bearish divergence with price when compared with the October 3 high.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japanese yen breaches 150, intervention in focusJapanese yen breaches 150, intervention in focus
Read more »
Japanese Yen Retests 150 Ahead of BOJ; USD/JPY, GBP/JPY, EUR/JPY SetupsJPY is retesting the psychological 150 mark against the USD ahead of the BOJ’s policy meeting next week. What is the outlook and what are the key levels to watch in USD/JPY, GBP/JPY, and EUR/JPY?
Read more »
Japanese Yen (USD/JPY) Latest – Will the BoJ Tweak Their Yield Curve Control Policy?There’s a lot of heavyweight US economic data released over the next week ahead of the Bank of Japan meeting. Will traders continue to respect USD/JPY 150?
Read more »
Yen weakens to one-year low amid intervention nerves, dollar advancesYen weakens to one-year low amid intervention nerves, dollar advances
Read more »
Dollar/Yen Trading Volume Surpasses Bitcoin on DeFi Platform Gains NetworkOmkar Godbole is a Co-Managing Editor on CoinDesk's Markets team.
Read more »
Australian Dollar drops to a yearly low on upbeat US DollarThe Australian Dollar (AUD) extends losses for the second session, trading around all-time lows against the US Dollar (USD) on Thursday. The AUD/USD p
Read more »