Page 6 - Qualitative Easing News Today

The Japanese Yen may continue to underperform against its US counterpart as the Bank of Japan (BoJ) votes unanimously to maintain its easing program.

The Federal Reserve interest rate decision may lead to a near-term advance in USD/JPY as it appears to be reversing ahead of the monthly low (134.70).

The Bank of Japan (BoJ) interest rate decision may prop up USD/JPY as the central bank remains reluctant to move away from its easing cycle.

AUD/USD appeared to be on track to test the yearly low (0.6829) after failing to push above the 50-Week SMA (0.7243), but the exchange rate may consolidate over the near-term as long as it defends ...

AUD/USD appeared to be on track to test the yearly low (0.6829) after failing to push above the 50-Week SMA (0.7243), but the exchange rate may consolidate over the near-term as long as it defends the June low (0.6850).

USD/JPY appears to be tracking the recent advance in US Treasury yields as it retraces the decline from the yearly high (136.71).

Developments coming out of the US may influence USD/JPY over the coming days as Chairman Jerome Powell is scheduled to testify in front of Congress.

The Relative Strength Index (RSI) warn of a larger pullback in USD/JPY as the oscillator falls back from overbought territory to indicate a textbook sell signal.

Looming developments in the Relative Strength Index (RSI) may warn of a larger pullback in USD/JPY if the oscillator falls below 70 to indicate a textbook sell signal.

USD/JPY may attempt to break out of a bull flag formation if the Federal Reserve starts to scale back monetary support.