The Japanese Yen (JPY) makes minor gains against the US Dollar (USD) on Tuesday, with the USD/JPY recovering from a weak start to return to familiar t
Japanese Yen continues coiling in a right-angled triangle, threatening to breakout. Dovish comments from BoJ’s governor Ueda propelled USD/JPY’s last push higher. There is a growing chance of intervention from Japanese authorities as key price and yield levels are near. erritory just below the key 150 level. The trend is up and biased to extend with the threat of a breakout from a right-angled triangle providing a bullish technical clue.
The Fed’s preferred measure of inflation will carry the most significance when it is published on Thursday, October 27, along with Michigan Consumer Confidence. US Durable Goods Orders and GDP, out on Friday, October 28, may also impact the USD. Japanese Yen technical analysis: Right-hand triangle in an uptrend USD/JPY is in an overall uptrend, rising on long-term, intermediate, and short-term bases. It is expected to continue this trend higher, with the next major target at the 152.
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 coils up against USD, threatening breakoutThe Japanese Yen (JPY) gives ground against the US Dollar (USD) on Monday, with the USD/JPY pair coiling up below the key 150 level and threatening to
Read more »
GBP/JPY seeing some topside action, hurdles over 183.00The GBP/JPY has reclaimed the 183.00 handle in Monday trading as broad-market risk flows turn risk-on, taking safe havens like the Japanese Yen (JPY)
Read more »
USD/JPY clings to mild gains below 150.00 following Japanese PMI dataThe USD/JPY pair sticks to mild gains after bouncing off the 149.55 low during the early Asian session on Tuesday. The pair currently trades near 149.
Read more »
USD/JPY: Japanese officials to intervene at the earliest feasible momentThe Yen was the third worst performing G10 currency on Monday. Economists at MUFG Bank analyze JPY outlook. Yen weakness, a key factor in driving infl
Read more »
Japanese Yen Eyes New Lows as Markets Speculate on BoJ Action. Intervention Ahead?The Japanese Yen is facing scrutiny to start the week with USD/JPY edging toward prior peaks on growing unease around potential BoJ intervention. If USD/JPY pops, will the bank be selling?
Read more »
USD/JPY: Level fundamentally justified from market’s point of view is much higher than 150It seems to be the case that, shortly after the start of FX trading in Asia, USD/JPY briefly traded above the important level of 150. Economists at Co
Read more »