Japanese Yen Analysis
Assalam-o-Alaikum, kaise hain aap? Japanese yen ne ground lose kiya jab Japanese CPI 2.5% YoY se gir kar April mein 2.7% ho gayi. Japanese inflation ab bhi 2% target ke upar hai, jo BoJ pe pressure dal rahi hai ke woh policy ko mazid tighten kare.
US dollar ne ground gain kiya jab strong US PMI data ne reinforce kiya ke Fed rates ko zyada arsey tak hold pe rakh sakti hai. USD/JPY pair ne Friday ko 157.10 ke qareeb trade kiya. Daily chart pe ek rising wedge pattern possible bearish reversal ko suggest kar raha hai jab pair wedge ke end pe pohanchti hai. Phir bhi, 14-day Relative Strength Index 50 ke upar hai, jo continued bullish momentum ko indicate karta hai. Agar yeh level se neeche girti hai, to momentum mein change ka indication hoga.
USD/JPY pair 157.20 ke qareeb rising wedge ke upper boundary ko retest kar sakti hai. Agar yeh level break karti hai, to pair recent high 160.32 tak move kar sakti hai. Downside pe, nine-day exponential moving average 156.33 pe immediate support hai, followed by lower boundary of the rising wedge aur psychological level 156.00. Agar yeh level break hota hai, to USD/JPY pair pe downward pressure ho sakta hai, potentially throwback support 151.86 tak le jaye.
Statistics Bureau of Japan ke mutabiq, annual inflation April mein 2.5% se ease hoke pichle mahine 2.7% thi, jo ke second straight month of moderation hai magar ab bhi Bank of Japan ke 2% target ke upar hai. Yeh persistent inflation central bank pe pressure dal rahi hai ke woh policy ko mazid tighten karne ka sochay.
Bank of Japan ne stress kiya hai ke policy normalization ke liye 2% price target ka sustained aur stable achievement, aur strong wage growth zaroori hai. Is beech, investors expect kar rahe hain ke continued weakness of the JPY BoJ ko agle interest rate hike push forward karne pe majboor kar sakti hai taake cost of living ke impact ko cushion kar sake, Reuters ke mutabiq.
US Dollar tight sentiment pe move kar raha hai surrounding the Federal Reserve holding policy rates high for an extended period. Yeh sentiment better-than-expected Purchasing Managers' Index data se bolstered hui jo Thursday ko release hui thi. Investors expect kar rahe hain ke Michigan Consumer Sentiment Index ko Friday ko closely monitor kiya jayega taake consumer attitudes ke baare mein insight mil sake regarding financial aur income conditions in the United States.
Assalam-o-Alaikum, kaise hain aap? Japanese yen ne ground lose kiya jab Japanese CPI 2.5% YoY se gir kar April mein 2.7% ho gayi. Japanese inflation ab bhi 2% target ke upar hai, jo BoJ pe pressure dal rahi hai ke woh policy ko mazid tighten kare.
US dollar ne ground gain kiya jab strong US PMI data ne reinforce kiya ke Fed rates ko zyada arsey tak hold pe rakh sakti hai. USD/JPY pair ne Friday ko 157.10 ke qareeb trade kiya. Daily chart pe ek rising wedge pattern possible bearish reversal ko suggest kar raha hai jab pair wedge ke end pe pohanchti hai. Phir bhi, 14-day Relative Strength Index 50 ke upar hai, jo continued bullish momentum ko indicate karta hai. Agar yeh level se neeche girti hai, to momentum mein change ka indication hoga.
USD/JPY pair 157.20 ke qareeb rising wedge ke upper boundary ko retest kar sakti hai. Agar yeh level break karti hai, to pair recent high 160.32 tak move kar sakti hai. Downside pe, nine-day exponential moving average 156.33 pe immediate support hai, followed by lower boundary of the rising wedge aur psychological level 156.00. Agar yeh level break hota hai, to USD/JPY pair pe downward pressure ho sakta hai, potentially throwback support 151.86 tak le jaye.
Statistics Bureau of Japan ke mutabiq, annual inflation April mein 2.5% se ease hoke pichle mahine 2.7% thi, jo ke second straight month of moderation hai magar ab bhi Bank of Japan ke 2% target ke upar hai. Yeh persistent inflation central bank pe pressure dal rahi hai ke woh policy ko mazid tighten karne ka sochay.
Bank of Japan ne stress kiya hai ke policy normalization ke liye 2% price target ka sustained aur stable achievement, aur strong wage growth zaroori hai. Is beech, investors expect kar rahe hain ke continued weakness of the JPY BoJ ko agle interest rate hike push forward karne pe majboor kar sakti hai taake cost of living ke impact ko cushion kar sake, Reuters ke mutabiq.
US Dollar tight sentiment pe move kar raha hai surrounding the Federal Reserve holding policy rates high for an extended period. Yeh sentiment better-than-expected Purchasing Managers' Index data se bolstered hui jo Thursday ko release hui thi. Investors expect kar rahe hain ke Michigan Consumer Sentiment Index ko Friday ko closely monitor kiya jayega taake consumer attitudes ke baare mein insight mil sake regarding financial aur income conditions in the United States.
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