USDJPY Prediction - Bullish or Bearish Today? Check it out here:
sits just below the bottom of the recent consolidation area, and I do think that it is going to offer support. Furthermore, you also have the uptrend line underneath that continues to rally; therefore, I think eventually we will make another move to the ¥150 level. The ¥150 level is a large, round, psychologically significant figure, and will attract a certain amount of attention.
Because of this, the Japanese yen will continue to be like a punching bag against most currencies. Not only will we see the US dollar continues to strengthen against the Japanese currency, but several other ones are having a field day on it as well. Until the Bank of Japan changes its overall attitude, is difficult to imagine a scenario where we would have the Japanese yen appreciate any time soon.
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.
Nikkei 225 Forecast: Continues to See Overhead PressureThe Nikkei 225 tried to rally during the trading session on Wednesday but continues to give up gains above the \u00A527,600 area.
Read more »
EUR/USD Forecast: Continues to Drift Lower Ahead of Non-FarmThe EUR/USD has drifted a little bit during the trading session on Thursday as we continue to see a lot of negativities.
Read more »
AUD/USD Forecast: Continues to DumpThe AUD/USD has fallen significantly during the trading session on Thursday as we continue to see a lot of negativities.
Read more »
Bitcoin Forecast: Continues to go SidewaysThe BTC/USD market has risen slightly during the trading session on Thursday, as we are sitting on top of the 50-Day EMA.
Read more »
USD/JPY recovers a few pips from daily low, finds some support ahead of 147.00 markThe USD/JPY pair struggles to capitalize on the previous day's post-FOMC recovery from a multi-day low and attracts some sellers near the 148.00 mark
Read more »