USD/JPY
USD/JPY Rallies to Highs as USD Ascending Triangle Breaks
On Friday the US Dollar was testing support in the ascending triangle formation but for the past month and change the currency had held up fairly well as the USD/JPY rally came back to life. As I covered in the Friday article and video, I still think that USD/JPY is a primary push point for the DXY basket which then carries impact into EUR/USD, GBP/USD and other USD pairs, but with the weekend events in Iran both the US Dollar and USD/JPY broke out in a big way to start the week.
U.S. Dollar Rallies As U.S. Strikes Iran: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY
The strong rally in the oil markets provided significant support to the American currency.
USD/JPY climbs on safe-haven Dollar demand, despite BoJ rate hike expectations
USD/JPY climbs on safe-haven Dollar demand, despite BoJ rate hike expectations
USD/JPY –02.03.2026
The pair retreated last week and managed to close from the first support at 152.00. The uptrend wave is still ongoing towards 160.20, as long as the market remains above 150.70-90.
USD/JPY Support at 156.00 and the Pressures Of Dual Safe Haven Effect
The Middle East conflict is currently defining global financial markets performance and USD/JPY has a dual safe haven dilemma to deal with.
USD/JPY Price Forecast: Not too far from revisiting monthly high of 157.30
USD/JPY Price Forecast: Not too far from revisiting monthly high of 157.30
