$USDJPY Technical Analysis: Bull’s Control Remains Strong
Enter your emailWith the beginning of this week’s trading, the price of the US dollar against the Japanese yen returned to stability above the 130.00 psychological resistance, its highest in 20 years.
After its last rate-setting meeting ends on Wednesday, the Fed will almost certainly announce that it is raising its benchmark short-term interest rate by half a percentage point — the largest rate increase since 2000. Moreover, the Fed is also expected to announce tomorrow, Wednesday, that it will quickly begin to reduce its massive stock of Treasury and mortgage bonds starting in June - a move that will have the effect of further credit tightening. Fed Governor Jerome Powell and the Federal Reserve will take these steps largely in secret. No one knows how far the central bank's short-term interest rate must go to slow the economy and curb inflation.
According to the technical analysis of the pair: There is no doubt that the return of the stability of the USD/JPY currency pair around and above the 130.00 psychological resistance will continue to support the strength of the upward trend.
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.
USD/JPY Price Analysis: Bulls look to regain 130.50 amid favorable technicalsUSD/JPY is treading water above 130.00, fluctuating between gains and losses, as markets remain indecisive ahead of the critical Fed interest rate dec
Lire la suite »
GBP/JPY Price Analysis: Bears are flexing at key hourly supportGBP/JPY bears have started to engage following a significant correction of the daily bearish impulse. the cross has corrected 50% of the prior bearish
Lire la suite »
USD/JPY seesaws around 130.00 as Treasury yields refresh four-year high ahead of FOMCUSD/JPY seesaws around 130.00 as Treasury yields refresh four-year high ahead of FOMC By anilpanchal7 USDJPY YieldCurve Fed RiskAppetite Currencies
Lire la suite »
USD/JPY meanders around 130.00, waiting for the Fed’s May meetingThe USD/JPY remained comfortable above the 130.00 figure on Monday, as US Treasury yields heightened the day ahead of the Federal Reserve monetary pol
Lire la suite »
NZD/USD Price Analysis: Weekly support and M-formation could see the bulls back in controlNZD/USD has been in supply of late, as the following weekly analysis illustrates, beaten down amid a general deterioration in global risk appetite as
Lire la suite »
AUD/JPY Price Analysis: Range-bound on a 70-pip range, meanders around 91.80s ahead of the RBAAUD/JPY Price Analysis: Range-bound on a 70-pip range, meanders around 91.80s ahead of the RBA By christianborjon AUDJPY Crosses Technical Analysis
Lire la suite »