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.
USD/JPY shows strong bullish momentum, nearing resistance at 148.40, but multiple technical indicators reveal clear overbought conditions. Traders should watch for potential corrective moves or consolidation before targets around 148.90 or higher are tested. Stay above 147.40 to maintain the uptrend. Full analysis: economies.com/forex/usd-jpy-analysis
Hedge funds are ramping up bets on a stronger yen through options as the Bank of Japan signals a hawkish policy shift. With inflation persistent and rate normalization on the horizon, traders position for a potential yen rally ahead of key BOJ meetings. #Forex #BOJ #JPY
USD/JPY hovers near key 146 support as markets weigh Federal Reserve rate cut bets against BoJ policy. With cautious sentiment, traders eye US inflation data and Fed signals amid shifting global risks. Technicals suggest potential for a sharp move—watch closely. #Forex #USDJPY
USD/JPY is at a pivotal point ahead of Wednesday’s US inflation data. Fed tightening expectations and BoJ’s ultra-loose policy continue to drive divergence, supporting the dollar. Watch CPI figures closely—they could dictate the next major move in this pair. #Forex #USDJPY #CPI
USD/JPY rebounds from a four-week low after US job data revisions reveal a stronger labor market. The unexpected upward revision boosts the dollar, weighing on the yen amid uncertainty over Fed rate cuts. Investors now reassess policy outlook as labor resilience challenges dovish expectations. #USDJPY #Forex #USJobs
USD/JPY pulls back this week amid rising speculation of a BoJ rate hike. Following reports that the Bank of Japan may soon end its ultra-loose policy, the yen gains strength, pressuring the pair below recent highs around 151.90. Traders await official signals as Japan’s inflation holds above target and markets price in potential tightening. Key support near 149.20–149.50 will be critical for the next directional move. #Forex #USDJPY #BoJ
USD/JPY slips below 148 as Bank of Japan signals potential rate hikes as early as March 2024. Market adjusts to BOJ’s shift from ultra-dovish stance amid rising inflation and wage growth. Watch support at 147.40 and resistance near 149.00. #forex #BOJ #USDJPY
USD/JPY dips slightly but bullish momentum stays strong as key technical levels hold and fundamentals favor the US dollar amid Fed-BoJ policy divergence. Eyes on 135.00 resistance—breakout could open door to 140.00. #Forex #USDJPY #FXAnalysis
GBP/USD surges above 1.35 as Fed rate cut speculation weakens the USD, while the BoE’s cautious stance and resilient UK data support the pound. Technicals suggest continued upside potential. Key levels to watch: 1.3610, 1.3675, and 1.3750. #forex #GBPUSD #interestrates
USD/JPY remains in consolidation below 147.50 as markets await key economic data and central bank signals. The yen’s weakness persists amid BoJ’s dovish stance, while the dollar finds support from resilient US Treasury yields. A break above 147.50 could target 148.00+, but momentum is cautious ahead of pivotal releases this week. #Forex #USDJPY #ForexTrading
