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.
Goldman Sachs sees USD/JPY climbing further due to US-Japan yield gaps and economic strength, but warns of a ceiling from potential Japanese intervention to stabilize the yen. Traders should watch for intervention signals that could cap gains and trigger volatility.
Market update: The DAX index hits record highs but shows signs of a potential short-term pullback as momentum wanes. Watch for a breakdown below 16,500 for a bearish trade setup. Meanwhile, USD/JPY faces selling pressure due to falling US Treasury yields and a potential pause in Fed hikes, with key resistance near 151.90 holding firm. Traders should monitor upcoming Eurozone data and Fed signals for further direction.
USD/JPY extends its bullish momentum for the third day, trading above key EMAs and support at 149.60. Strong US economic data and Fed-Japan policy divergence underpin gains. Watch resistance near 151.00–152.20 for potential pullbacks. #Forex #USDJPY #TechnicalAnalysis
The Japanese yen is under rising pressure amid Japan’s economic slowdown, weak wage growth, and dovish BoJ policy, while a resilient US dollar and global geopolitical tensions fuel safe-haven flows to the US. USD/JPY has surpassed 155, reflecting ongoing divergence and uncertainty ahead. #FX #JPY #Economy
USD/JPY nears 155 as the Japanese yen gains on weaker Japanese GDP and mixed U.S. data. Rising U.S. jobless claims and contracting Japan economy add pressure amid divergent Fed and BoJ policies. Traders watch closely for next central bank moves. #Forex #USDJPY
USD/JPY faces renewed selling pressure as the yen strengthens toward 155 amid weak Japan Q1 GDP (-0.5% QoQ) and a softer US dollar. Market eyes BoJ’s cautious stance and Fed’s patient approach, with 155 resistance holding key for next moves. #Forex #USDJPY #BoJ #Fed
USD/JPY holds just below 155 despite Japan’s Q1 GDP beating expectations with 0.5% growth. The yen struggles amid persistent US-Japan yield gaps and cautious BOJ communication. Market eyes for concrete BOJ policy shifts remain key drivers ahead.
USD/JPY extends rally past 158.00 but meets resistance near 158.22; bullish momentum intact as Fed-BoJ policy divergence supports uptrend. Key support at 156.78; break above 158.22 may target 160.00. Medium-term outlook favors gains toward 161.80. #Forex #USDJPY #TradingAnalysis
A detailed update on USD/JPY shows range-bound trading near 160 with a bullish trend intact. Technicals highlight key support at 156.12 and resistance at 160.20, while fundamentals point to Fed-BoJ policy divergence driving momentum. Watch for a break above 160.20 to confirm further upside. For an in-depth analysis, see the full expanded outlook by ActionForex.com.
EUR/USD holds steady above 1.1600 as expectations for Fed rate cuts drop sharply. Hawkish Fed signals and rising US yields support the dollar, yet the euro shows resilience amid Eurozone stabilization and cautious trader positioning. Key levels: support at 1.1600, resistance near 1.1680. #Forex #EURUSD
