Following last week's sharp decline, the US dollar has entered a consolidation phase against most major currencies. At the same time, some instruments, including USD/JPY, are showing a moderate recovery as markets await fresh macroeconomic signals.
USD/JPY August outlook: Diverging central bank policies keep Yen under pressure
USD/JPY Price Forecast: Holds steady above 157.50 as bulls await 50-hour EMA breakout
USD/JPY Price Forecast: 200-day SMA caps rebound after intervention-led selloff
The American currency is losing ground as traders react to the weaker-than-expected job market report.
Japanese Yen weakens despite intervention warnings as USD/JPY rebounds near 158
The yen gave back some of its recent advance that was triggered by US and Japanese intervention. As we see over the chart, we may see wide range of trading first between 155.00 and resistance 158.05 while market demanding farther rebound As long as market kept trades below 160.85 the drop scenario may back While […]
USD/JPY Price Forecast: A short-term respite likely to near 160.00
USD/JPY is trying to stabilise after its sharpest four-day loss in nearly two years, but the outlook remains fragile. Japan's intervention, backed by the US Treasury and supported by a new Fed repo facility, has increased the credibility of future yen-buying operations, leaving traders alert for opportunities to fade rallies.
USD/JPY is the center of the macro landscape at the moment after a widely publicized picture over the weekend highlighted the.
The American currency gains ground as forex market calms down after recent interventions in USD/JPY.
The week's opening session was dominated by an unusually explicit display of currency cooperation between Washington and Tokyo. Both governments confirmed they had jointly intervened to support the Yen last week, marking the first coordinated operation since 2011.