I would not be surprised to see the FX markets will continue to see a lot of noisy moves, as headlines in the Middle East continue to move bond markets.
USD/JPY steadies above 159.00 with the US-Iran ceasefire into pressure
USD/JPY climbed to 159.36 mid-week, with the Japanese yen losing ground for a second consecutive day. The market is pricing in the Bank of Japan's policy outlook ahead of next week's meeting.
USD/JPY Price Forecast: Flirts with 100-hour EMA support, above 159.00 amid softer USD
USD/JPY climbs as Yen lags risk-on reaction to Iran deadline blink
USD/JPY climbs as fading US-Iran de-escalation hopes and strong US data support Dollar
The pair managed again to hit another correction while still facing the support zone of 157.25-65, which could hold prices inside this trading zone toward resistances 160.20 or 161.95. Above 161.95 the market could enter a new uptrend wave with first target toward 163.80.
The pound is edging higher into the week versus the US dollar as investors digest the latest UK jobs data. It's worth keeping in mind that these figures are from before the start of the recent conflict.
USD/JPY Price Forecast: Remains confined around 159.00 as Warsh hearing looms
USD/JPY holds below 159.00 as Iran ceasefire edges toward Wednesday deadline
USD/JPY dips as Dollar eases, Oil strength limits Yen gains
The pair managed again to hit another correction while still facing the support zone of 157.25-65, which could hold prices inside this trading zone toward resistances 160.20 or 161.95. Above 161.95 the market could enter a new uptrend wave with first target toward 163.80.