On Wednesday, August 7th, the Japanese yen experienced a decline, reaching a daily low of 147.88 against the US dollar. This movement followed comments from Shinichi Uchida, Deputy Governor of the Bank of Japan (BOJ), who emphasized...
The USD/JPY pair has seen significant movement recently, extending its decline from 161.95 to a low of 141.68. However, a subsequent bounce to 146.36 suggests that the pair is currently in a consolidation phase. Here’s what to...
The USD/JPY pair has recently shown significant price action, indicating that the downtrend remains intact. After breaking above the top of the falling price channel on the 4-hour chart, the pair found resistance at 155.21 and subsequently...
USD/JPY has rebounded from 151.93, finding support at the bottom of the falling price channel visible on the 4-hour chart. This bounce indicates that the pair may be entering a consolidation phase within its downtrend from the...
Recent developments in the USD/JPY pair have caught market participants off guard, with the Japanese yen making significant progress against the US dollar. This shift can be attributed to two main factors: a weakening dollar and suspected...
The USD/JPY pair has been exhibiting a clear downtrend pattern, as evidenced by its movement within a falling price channel on the 4-hour chart. This technical formation suggests that the pair is still in a downward trajectory...
On Friday, July 19th, the USD/JPY pair saw a slight increase of 0.07%, closing at 157.48. This movement came after mixed trading sessions following the release of Japan’s inflation data, which showed a second consecutive month of...
The USD/JPY pair continued its downward trajectory on Friday (July 12th), closing 0.56% lower at 157.91 in New York trading. This follows Thursday’s significant drop, with the pair briefly touching 157.30, its lowest level since June 17th....
On Tuesday, July 9th, the USD/JPY pair increased by 0.29%, closing at 161.28. This keeps the pair just below the 38-year high of 161.95 reached last week. Key Factors Influencing USD/JPY Upcoming Events to Watch Technical Analysis...
On Monday, July 8th, the USD/JPY pair closed slightly higher at 160.76 in New York trading, up a modest 0.02%. This minor gain can be attributed to some short-covering in the dollar index following Friday’s decline, temporarily...
