Usd Jpy Technical Analysis News Today

146.00 target ahead - Share your thoughts!

The FED decided to keep rates on hold at their November 1st, 2023, meeting at its current range of 525-550. The recent figures suggested that inflation is slowing down.

In terms of technical analysis, the big fall in treasury yields keeps dragging the USD/JPY lower.

If inflation prints at expectations, it would be the first meaningful decline in the annualized inflation rate since the depths of the COVID recession...

Traders will be eager to see if the Fed follows in the footsteps of the ECB by emphasizing the inflationary risks of the conflict in Ukraine over the deleterious impact on economic growth

A war nearly 5,000 miles from Washington DC with minimal direct economic implications on the US will not deter the Fed from raising interest rates this month...

The just-released Conference Board Consumer Confidence report showed the headline consumer confidence index rose to 115.8...

There are (at least) four reasons that USD/JPY could continue to rally through resistance to new highs...

USD/JPY technical analysis: Long-term outlook still favors bears The path of least resistance for USD/JPY remains to the downside as long as the bearish channel remains intact Share: traders are often more focused on risk appetite and trends in the global economy than the specific countries underlying each currency. For example, EUR/USD often falls (indicating relative weakness in the euro and strength in the US) after weaker-than-expect...

Japan extends state of emergency January 13, 2021SharePrint The Japanese yen has posted slight gains in the Wednesday session. Currently, USD/JPY is trading at 103.95, up 0.19% on the day. US dollar runs out of steam The US dollar’s rally has ended, as the currency is broadly lower on Wednesday. The US dollar index is currently at 90.26, after closing on Tuesday just above the 90 level, at 90.06. These figures are well below the readings we saw earlier in the week, as the index moved within s...