The pair USD/JPY could attempt a visit to the 119.10 level once it breaks above the 118.65 levelaccording to currency strategists at UOB Group. Featured Comments 24 hour view: “Although we expected USD/JPY to ‘go higher’ yesterday, we are of the opinion that ‘overbought conditions suggest 118.00 is probably out of reach for now’. We […]
Tag: USDJPY
Breaks a 24-year downtrend line and hovers around 118.00
USD/JPY is trading above a 24-year resistance trend line. Market risk appetite weighed on safe haven pairs, although rising US Treasury yields dragged USD/JPY higher. USD/JPY Technical Outlook: Bias bullish, though a pullback to Jan 4 cycle low at 116.35 is anticipated. The USD/JPY extends last Friday’s rally, above a 24-year downtrend line broken on […]
USD/JPY hits new five-year highs above 118.00
Follow the USD/JPY rally at high speed. The dollar with mixed results, before rising in stock markets and in yields. War in Ukraine continues to generate volatility, to which is added the week of the Fed. The USD/JPY is rising for the sixth day in a row and shows no signs of slowing down. The […]
USD/JPY hits fresh five-year highs near 118.00
The USD/JPY continues with the strong rise of the last few days, rising about 60 pips this Monday until reaching in the middle of the Asian session its highest level in five years and two months at 117.87. The pair, which maintains the strong bullish tone at the European open, is trading at 117.71 at […]
Triple bottom target hit as it trades around 117.00
USD/JPY will end the week with gains close to 2%. The triple bottom chart pattern was fulfilled once USD/JPY made a yearly high above 117.00. USD/JPY Technical Outlook: Bullish bias but downside risks remain as a 24-year downtrend line looms near 117.00. The USD/JPY is set to end the week on a higher note amid […]
USD/JPY hits highs since January 2017 above 117.00
The yen loses strength in the market due to the rise in the equity markets. The dollar firm despite risk appetite. USD/JPY heading for the highest daily close since January 2017. The USD/JPY extended the rally and reached as high as 117.05, the level last visited in January 2017. After this it experienced a minor […]
USD/JPY rises to test 116.20 further supported by rising US yields.
The dollar publishes mixed results during the American session. USD/JPY supported by higher US yields. The upside remains capped by the critical 116.20 resistance area. The USD/JPY rose after the release of US economic data and extended its rise after the start of the US session to test the 116.20 area. It is hovering around […]
USD/JPY returns early gains to one-month highs, focus on Ukraine and US CPI.
USD/JPY is witnessing some intraday selling amid a shift in risk sentiment. A modest rise in USD demand offers support and helps limit the pair’s decline. The focus remains on the ceasefire talks between Russia and Ukraine and the US CPI report. The pair USD/JPY has given back a significant portion of its intraday gains […]
Triple bottom looms as bulls struggle at 115.80
USD/JPY takes a breather in a tight 40 pip range as bulls prepare for a 116.00 attack Market risk appetite weighed on safe haven pairs, although high US Treasury yields dragged USD/JPY down. USD/JPY Technical Outlook: Triple Bottom Holds and Targets 117.00. The USD/JPY is sloping to the upside on Wednesday but facing stiff resistance […]
USD/JPY bounces off 115.55, still challenging key resistance
US dollar falls across the board amid risk appetite. The de-escalation in Ukraine and the hopes of more talks trigger a setback. USD/JPY falls despite rising US yields. The USD/JPY fell during the US session to 115.54, hitting a fresh daily low and quickly recovering towards the 115.80 area. The improvement in market sentiment weighs […]