Around 13.5% of daily trades. Known as “Gopher,” this pair is popular for its stability and low spreads, influenced by U.S. and Japanese monetary policies.
The latest CFTC report shows a sharp decline in speculative short positions on the Japanese Yen, signaling a shift in trader sentiment amid global uncertainty. Factors such as USD volatility, BoJ policy outlook, and geopolitical risks are driving this recalibration. Market watchers should monitor potential interventions and technical price levels closely. #Forex #JPY #CFCT
USD/JPY edges back slightly amid Fed rate speculation, yet the dollar remains firm targeting the key 158.00 resistance. Traders weigh the impact of prolonged high U.S. rates vs. potential BoJ interventions as the yen weakens further. Watch for next moves. #Forex #USDJPY
Bank of America forecasts USD/JPY to hit 150 by the end of 2024, driven by sustained Fed rate hikes, BOJ’s loose policy, and growing interest rate differentials. The carry trade and capital flows favor a weaker yen amid ongoing structural and inflation disparities.
Bank of America revises its USD/JPY forecast to 150 by year-end, citing dovish BoJ policy, resilient US economy, and sustained yen weakness. Diverging monetary stances and limited yen support set the stage for further dollar strength against the yen. #Forex #USDJPY
Following softer U.S. jobs data, the USD/JPY pair faces potential downside as markets price in Fed rate cuts. Yet, Japan’s loose monetary policy and yield controls keep the yen challenged. Will the dollar break lower or find support soon? #USDJPY #Forex #JPY
USD/JPY pushes higher, trading above the key 100-hour moving average near 156.94, signaling strong bullish momentum. Diverging U.S. and Japan monetary policies and rising U.S. Treasury yields support the dollar’s strength. Watch for resistance around 157.00 and upcoming economic data that could impact the trend. Reporting by Kelvin Ching, FXDailyReport.com.
USD/JPY holds steady above 156.00 ahead of the U.S. Nonfarm Payrolls report as traders await critical jobs data that could influence Fed policy and yen strength. Market poised for volatility; key support at 156.00 remains intact. Stay tuned for updates. #Forex #USDJPY #NFP
USD/JPY hits a critical resistance zone near 146–146.5 as the pair consolidates ahead of the U.S. Non-Farm Payrolls report. Watch for a decisive breakout to target 148 or a breakdown toward 144. Market eyes key data for direction amid BOJ’s dovish stance and Fed’s dollar support. Analysis by Michael Boutros, FOREX.com.
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USD/JPY is expected to consolidate narrowly between 156.30 and 157.05, says UOB Group. With mixed technical signals and cautious Fed and BoJ policy outlooks, significant moves remain unlikely without fresh catalysts. #Forex #USDJPY #UOBAnalysis
