-
USD/JPY Price Analysis: Struggles at key resistance, slumps below 161.00
The USD/JPY consolidates below the psychological 161.00 figure as US Treasury bond yields edge lower and the Greenback weakens. The traders focus on Fed Chair Jerome Powell's semi-annual testimony at the US Congress and the release of US inflation figures. The major trades at 160.79, virtually unchanged. The USD/JPY daily chart is set to continue to trend higher from a price action standpoint, but fears of intervention by Japanese authorities in the FX markets might dent buyers from pushing the exchange rate higher. Momentum suggests the pair would consolidate within the 160.00-162.00 range, as the Relative Strength ... (full story)
- Comments
- Subscribe
-
- Older Stories
From youtube.com/cmegroup|Jul 8, 2024Euro holding steady ahead of key Fed chair testimony. Todd Colvin has the details.
From bnnbloomberg.ca|Jul 8, 2024France’s political class is drawing breath after a turbulent parliamentary election as officials prepare to begin in earnest negotiations over the next government. Many new ...
From schwab.com|Jul 8, 2024On a day when many were still enjoying the revelry of the Fourth of July holiday, the Bureau of Labor Statistics (BLS) released the June jobs report. In keeping with recent ...
-
- Newer Stories
From bbc.com|Jul 8, 2024Interest rates should be held again next month rather than be cut for the first time in more than four years, a Bank of England rate-setter has said. Jonathan Haskel, a member of ...
From bnnbloomberg.ca|Jul 8, 2024China could let its tight grip on the yuan go without triggering a sustained market disruption, according to the majority of respondents in a Bloomberg survey of analysts and ...
From boj.or.jp|Jul 8, 2024tables
- Story Stats
- Posted: Jul 8, 2024 6:15pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 3,129
