The USD/JPY bounced in the middle of rumors of coverage of USD shorts and end of the month. The torque was for the last time at levels of 144.03, the FX analysts of OCCBC, Frances Cheung and Christopher Wong point out.
The short -term risks for the USD/JPy are upwards
“The mild bassist impulse in the daily chart is fading while the RSI rose. The short -term risks are rough rise. Resistance in 145.40 (DMA of 50), levels of 146.10. Support at levels of 142.20.”
“The risks of the USD (FOMC minutes, underlying PCE) this week you can see a greater dismantling, which leads to upward risks for the USD/JPY in the short term. We hope that the rebound fades again. On Friday, we observe the tokyo IPC, industrial production and retail sales data. Shuttest data than expected should stop the recent rebound. From the normalization of the Boj’s policy can be postponed, the normalization of the policy is not derailing. “
“The divergence of policies between the Fed and the BOJ and the USD diversification issue should continue to support the widest direction of the USD/JPY down.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
