The USD/JPY reverses its course and registers decent gains of over 0.50% on Wednesday as the Greenback gains some steam, yet it remains vulnerable to the release of crucial data over the remainder of the week.
USD/JPY rises 0.50%, crossing 144.00; downtrend persists with limited momentum for further gains. Key resistance at 145.00 crucial for bullish continuation; next targets at 146.39 , 146.48, and 148.84 . If 145.00 isn't breached, may retest 144.00 with supports at 143.44 and 141.69 . The pair trades at 144.73 after bouncing off daily lows of 143.68. USD/JPY Price Forecast: Technical outlook The USD/JPY downtrend remains intact, yet buyers stepped in and pushed the exchange rate above 144.
How do the decisions of the Bank of Japan impact the Japanese Yen? One of the Bank of Japan’s mandates is currency control, so its moves are key for the Yen. The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners.
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.
USD/JPY Price Forecast: Climbs but stays below 147.50The USD/JPY rises for the third straight session. However, it remains within familiar levels, unable to decisively clear the August 7 daily high at 147.89, after solid US jobs data boosted the Greenback.
Read more »
USD/JPY Price Forecast: Consolidates around 144.00 after over 1.60 % lossThe Japanese Yen extended its rally on Monday, registering more than 1.63% gains.
Read more »
USD/JPY Price Forecast: Retreats below 145.00 after short-lived bounceThe USD/JPY registered minimal gains on Tuesday after hitting a daily high of 146.37.
Read more »
USD/JPY Price Forecast: Soars over 1.50% on BoJ dovish stanceThe USD/JPY soared late in the North American session, up by more than 1.50% or 240 plus pips, after a Bank of Japan official stated that they would not raise rates in an unstable market environment.
Read more »
USD/JPY Price Forecast: Rises, yet struggles at 148.00The Japanese Yen fails to gain traction late in the North American session versus the Greenback as the USD/JPY rises from last Friday's daily low of 146.62 and trades at 147.28, up by 0.47%.
Read more »
USD/JPY Price Forecast: Hovers around 145.20 post-Fed minutes releaseThe USD/JPY trims some of its earlier gains after July’s Federal Reserve’s meeting minutes hinted the US central bank could ease policy as soon as September.
Read more »