The recent remarks from a Japanese central bank representative have sparked interest in the USD/JPY currency pair. The official hinted at potential intervention by pumping more yen into the market, which seems contradictory to their earlier rate...
The situation is unfolding as I had anticipated yesterday. The price has rebounded from the upper boundary of the internal uptrend channel and is now forming a reversal pattern. The 1.3000 level remains intact for now, which is favorable for my...
The GBP/JPY currency pair experienced a resurgence on Tuesday, snapping a two-day losing streak to climb back to around 191.20. This uptick was primarily fueled by a broader sell-off in the Japanese yen (JPY), a trend likely to continue in the short...
The Japanese yen (JPY) experienced downward pressure against the US dollar (USD) on Tuesday, despite growing expectations of a more hawkish stance from the Bank of Japan (BoJ). Japan's economy demonstrated unexpected resilience, expanding at an...
Market Analysis for USDJPY currency pairs. On Monday (August 19), the US dollar closed at 146.66 yen, down 0.62%, and hit 145.20, the lowest since August 7. As the market is optimistic that the interest rate gap between the US and Japan will...