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.
USD/JPY gains to near 159.00 after natural calamities in Japan
Lower energy prices and the ongoing threat of intervention from the Bank of Japan ensured USD/JPY remained capped beneath recent highs last week. But against the major crosses it was a different story, with diminishing probability of a rate hike from the BoJ later this month seeing the yen weaken to fresh lows against the euro, pound and Aussie.
USD/JPY was once again the main target for US Dollar bulls amid the ongoing major US-Iran War, which began on February 27 (with a positive twist in the past week and a half).
USD/JPY slides as Iran reopens Hormuz, WTI plunges and USD weakens
USD/JPY Technical Analysis: The Japanese Yen enters corrective phase as the US and Iran announce the reopening of the Strait of Hormuz, easing the immense pressure on Asia's energy imports. With the Bank of Japan's rate hike expectations fading and a bearish Head and Shoulders pattern taking shape, traders weigh an end to the US Dollar's recent dominance.
USD/JPY falls as Hormuz reopening, risk mood hit US 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.