USD/JPY climbs on Monday, driven by rising U.S. yields. This action-packed week features Tokyo inflation, U.S. ISM services data, Powell's testimony before Congress, and the critical U.S. jobs report – all potential catalysts for FX volatility.
In the U.S., Tuesday's ISM services report will be a key focus. Analysts anticipate a modest decline in the February headline PMI index to 53.0 from the previous reading of 53.4. Traders should be aware that any significant deviation from this forecast could spark volatility by altering expectations surrounding the U.S. central bank’s policy outlook. The stronger the data, the better for the
Want to stay ahead of the yen's next big move? Delve into our quarterly forecast for comprehensive insights. Request your complimentary guide now to keep abreast of market trends! On the other hand, if sellers mount a comeback and push prices lower, support can be identified near 149.70. Below this key floor, focus would shift towards 148.90, and subsequently towards 147.50, coinciding with the 100-day and 50-day simple moving averages.Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Japanese Yen Forecast: Technical Trade Setups on USD/JPY, EUR/JPY and GBP/JPYThis article examines the short-term technical outlook for the Japanese yen, focusing on three popular and highly liquid currency pairs: USD/JPY, EUR/JPY and GBP/JPY.
Lire la suite »
USD/JPY Steadies After Last Week’s Gains As Market Mulls BOJ PathThe Japanese Yen has been more stable than most in the face of a broadly stronger Dollar, with the prospect of tighter BoJ policy underpinning it
Lire la suite »
Japanese Yen Forecast: Bearish Signs Build; Setups on USD/JPY, EUR/JPY, GBP/JPYThis article focuses on the technical outlook for USD/JPY, EUR/JPY and GBP/JPY. The piece also assesses key price levels that should be on every currency trader’s radar, discussing their potential roles as support or resistance in the coming days.
Lire la suite »
US Dollar Forecast: EUR/USD, GBP/USD and USD/JPY Price Action SetupsNext week US CPI headlines the schedule of high importance data. This forecast considers how major currency pairs shape up ahead of the US CPI release
Lire la suite »
US Dollar on Tenterhooks ahead of US CPI; Setups on Gold, USD/JPY & GBP/USDThis article examines the technical outlook for gold prices, USD/JPY and GBP/USD ahead the U.S. inflation report, examining possible scenarios that could play out over the coming days.
Lire la suite »
USD/JPY Gains on Hot US PPI but FX Intervention Chatter May Cap UpsideThis article explores the technical and fundamental outlook for USD/JPY in the aftermath of the January U.S. PPI report, discussing significant price thresholds that traders need to monitor over the next few days.
Lire la suite »