Forex Analysis by Investing.com (Damian Nowiszewski) covering: USD/JPY. Read Investing.com (Damian Nowiszewski)'s latest article on Investing.com
Ahead of the Bank of Japan's next meeting at the end of the month, the USD/JPY pair is in a downtrend.currency pair has been in a correction phase, likely influenced by potential currency interventions from the Japanese government. Historically, without coordination between the government and the Bank of Japan , persistent downward pressure on the yen tends to continue.
Despite this, the fundamental situation remains unfavorable for the yen, particularly due to the significant interest rate differential between the U.S. and Japan. The BoJ's upcoming meeting could address this gap, but decisive action seems unlikely given the ongoing weakness inremains under pressure as markets anticipate a potential policy shift by the Federal Reserve in September.
If sellers break through the 155 yen support, the next target is the 152 yen level. This area, where strong demand emerged in early May, may offer additional opportunities to join the downward trend at more favorable prices.
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.
EUR/USD Sets Stage for Rebound From 1.06 Level - US PCE Could Seal the DealForex Analysis by Investing.com (Damian Nowiszewski) covering: EUR/USD. Read Investing.com (Damian Nowiszewski)'s latest article on Investing.com
Read more »
Crypto Bull Market at Risk as Bitcoin, Ethereum Fail to Escape From Downward TrendMarket Analysis by Investing.com (Damian Nowiszewski) covering: BTC/USD, Bitcoin, ETH/USD. Read Investing.com (Damian Nowiszewski)'s Market Analysis on Investing.com
Read more »
Nike Earnings Preview: Will Restructuring Plan Finally Begin to Bear Fruit?Stocks Analysis by Investing.com (Damian Nowiszewski) covering: Nike Inc. Read Investing.com (Damian Nowiszewski)'s latest article on Investing.com
Read more »
2 High-Profit Trading Setups for the USD/PLN, EUR/PLNForex Analysis by Investing.com (Damian Nowiszewski) covering: USD/PLN, EUR/PLN. Read Investing.com (Damian Nowiszewski)'s latest article on Investing.com
Read more »
GBP/USD Bullish Amid Labour's Win in UK, Soft US Data - 1.284 Resistance CrucialForex Analysis by Investing.com (Damian Nowiszewski) covering: GBP/USD. Read Investing.com (Damian Nowiszewski)'s latest article on Investing.com
Read more »
EUR/USD: Soft US CPI Paves the Way for Breakout - Watch Out for a Surge Above 1.09Forex Analysis by Investing.com (Damian Nowiszewski) covering: EUR/USD. Read Investing.com (Damian Nowiszewski)'s latest article on Investing.com
Read more »