“MUFG Predicts Supportive External Factors Will Drive Down USD/JPY Exchange Rates!”
The Japanese yen is expected to continue its strengthening trend despite recent setbacks, as the country’s economy continues to experience growth and the U.S. dollar becomes devalued. Economists at MUFG Bank believe that the external backdrop is supportive for a lower USD/JPY, which remains significantly overvalued. One reason for this outlook is the ongoing loss […]
USD/JPY Soars Toward 100 DMA Barrier in Mid-133.00s, Boosted by Widespread Dollar Strength
The USD/JPY currency pair has been trading higher for the third day in a row, reaching a one-week high heading into the North American session. The pair is currently trading around the 133.30 mark, up almost 0.90% for the day, with bulls now eyeing to challenge the 100-day Simple Moving Average (SMA) barrier amid broad-based […]
“USD/JPY Bearish Triangle Looms: Credit Suisse Sees Q2 Downtrend Amid ‘Risk-Off’ Sentiment”
Share: USD/JPY has extended its recovery; however, economists at Credit Suisse view the current price action as a potential bearish “triangle” continuation pattern and continue to look for the range to be eventually resolved lower. “Triangle” consolidation phase may last a while: “We now look for further near-term strength in what is looking like the […]
“USD/JPY Bounces Back Above 131.00 Despite Lower Yields and Recession Fears”
USD/JPY is currently consolidating intraday losses around 131.20 as the US Dollar defends the previous day’s rebound from a two-month low heading into Thursday’s European session. However, the Yen pair remains on track to reverse last week’s gains amid downbeat Treasury bond yields. A possible monetary policy divergence between the Bank of Japan (BoJ) and […]