The geopolitical climbing in the Middle East saw the refuge assets, including JPY, last Friday. The USD/JPY was at levels of 144.12, the FX analysts of OCCBC, Frances Cheung and Christopher Wong point out.
Operations in two probable addresses in Interín
“The USD/JPY touched a minimum of 142.80 before bouncing. The increase in oil prices saw an increase in the yields of the UST, which led to the rebound of the USD/JPy. The MPC meeting of the BOJ on Tuesday could complicate the history of the JPY as a safe refuge. The recent comments of the governor that the box impression that the moment of the next climb could be delayed. “
“Although the moment of normalization of the BOJ’s policy could be postponed, the normalization of the policy is not derailled. The increasing price pressure and the salary growth suggest that the next action of the BOJ remains a climb, but in the interim, the BOJ could prefer to stay out of the margin due to the uncertainties about the perspectives and the rates.”
“However, we are still attentive to any surprise tone of hard line, since that could exert down pressure on the torque. The mild bullish impulse in the daily graph remains intact while the RSI rose. Operations in two probable directions in the interim. Support in 144 (DMAS of 21 and 50), levels of 142.50. Resistance in 145.10, 145.50 levels.”
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.
