USD/JPY Continues to edge lower as last week's bond buying spree from the BoJ appears to have run its course. Are we finally in for a retracement?
We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.2023-10-09 19:36:14BoE's Mann: -Wage and price inflation are sticky downwards -Going forward the length of time inflation remains above target will ...The Japanese Yen has been a surprise beneficiary of the tension in the middle east.
Now interestingly last year saw a similar response to the initial intervention by the BoJ with a spike lower before printing a fresh high. This was the precursor for what turned out to be quite a sizeable drop in USDJPY. This poses the age-old question, is history about to repeat itself? From a technical perspective the Dollar Index continues to struggle at the 107.00 resistance area. At this stage however, I am not yet convinced that the US Dollar rally has fully run its course. Given the fundamental backdrop and geopolitical situation the chance of another retest of the 107.00 mark remains a possibility.Besides the ongoing geopolitical tensions, markets were poised for the all-important US CPI print this week.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
USD/JPY holds above 149.00 mark, upside remains capped on Israeli-Palestinian conflictThe USD/JPY pair struggles to capitalize on Friday's positive move and opens with a modest bearish gap on the first day of a new week. Spot prices, ho
Weiterlesen »
USD/JPY Price Analysis: Remains sideways around 149.00 despite Middle East tensionsThe USD/JPY pair consolidated in a narrow range of around 149.00 as investors remained baffled between supporting the US Dollar and the Japanese Yen a
Weiterlesen »
USD/JPY still seen side-lined – UOBUSD/JPY is still predicted to keep the ongoing consolidative stance for the next few weeks, argue Markets Strategist Quek Ser Leang and Senior FX Stra
Weiterlesen »
USD/JPY: Impact of Israel-Hamas Conflict on the Currency PairForex Analysis by Fawad Razaqzada covering: USD/JPY, EUR/JPY, GBP/JPY, XAU/USD. Read Fawad Razaqzada's latest article on Investing.com
Weiterlesen »
USD/JPY drops on risk-aversion spurred on Middle-East tensions, falling US bond yieldsThe Japanese yen (JPY) appeals to its status as a safe haven and appreciates against the Greenback (USD) in the mid-North American session as tensions
Weiterlesen »
Weekly outlook and review: Dollar Index snaps 11-week winning streak; dip buying?The Dollar Index finished the first full week of October eking out marginal losses, falling -0.1% and snapping an 11-week winning streak. Technically
Weiterlesen »