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.
Japanese Yen Weekly Forecast: Will USD/JPY break 151? Strong US inflation data and Fed’s hold on rates keep dollar bullish, while BoJ’s cautious policy shift adds uncertainty. This week’s Fed and BoJ meetings will be key to watch for JPY traders. Source: FXEmpire.com
Japanese Yen Weekly Outlook: USD/JPY nears critical resistance at 151 amid key Fed and BoJ meetings. Watch for Fed’s rate path signals and BoJ’s potential policy shift as they could make or break this level. Stay tuned for major market moves ahead. #Forex #JPY #USDJPY
EUR/USD faces resistance near 1.1700 as U.S. GDP growth surpasses 3.8%, boosting expectations for further Fed tightening. Meanwhile, the eurozone shows weakness amid ECB caution, widening the yield gap and pressuring the euro. Technicals suggest bearish momentum ahead. #Forex #EURUSD
USD/JPY nears the critical 150.00 level as strong U.S. jobs data and Fed policy speculation fuel dollar gains against the yen. Watch for potential volatility and intervention around this key technical barrier. Traders eye support at 147.80 and resistance near 150.00 amid ongoing market shifts. #Forex #USDJPY
James Stanley’s latest Forex Factory article offers a detailed weekly forecast on DXY, EUR/USD, GBP/USD, and USD/JPY, highlighting USD strength post-strong NFP data, ECB easing impacting EUR, and BOE rate cut expectations affecting GBP. Traders should watch key support/resistance levels closely for potential moves. #Forex #USD #EURUSD #GBPUSD
Weekly Forex Forecast May 13–17, 2024: Watch the U.S. CPI report as a key market mover. DXY tests critical support near 105.00 amid a bearish triangle, while EUR/USD eyes a bullish breakout above 1.0835–1.0865. USD/JPY and GBP/USD also poised for volatility. Prepare for potential trend shifts based on inflation data. #Forex #USD #EURUSD #CPI
Weekly Forex Forecast: The DXY shows bullish potential with a key breakout above 105.78 possibly pushing it toward 107.00, supported by a classic inverted head-and-shoulders pattern. EUR/USD faces bearish pressure amid ECB-Fed divergence, risking a drop below 1.0670 toward 1.0600. GBP/USD and USD/JPY outlooks hinge on upcoming economic data and central bank cues—stay tuned for key levels and momentum shifts ahead. #Forex #USD #EURUSD #GBPUSD #USDJPY
Asian currencies are consolidating within narrow ranges as investors grapple with mixed signals from Fed officials on future interest rate moves. Uncertainty around U.S. monetary policy is prompting a cautious stance across Asia-Pacific forex markets.
USD/JPY climbed above 148.00, confirming a bullish trend continuation with targets at 149.20 and 150.50 in sight. Technical indicators and strong U.S. fundamentals underpin the upward momentum. Watch key supports at 148.20 and 147.60 for potential pullbacks. #Forex #USDJPY #TechnicalAnalysis
US Dollar shows mixed signals ahead of FOMC decision as EUR/USD consolidates near 50-day EMA, USD/JPY holds bullish momentum toward 160, and AUD/USD stalls amid risk caution. Traders should watch for policy cues that could reshape forex dynamics. Read insights by Christopher Lewis on FXEmpire.com. #Forex #FOMC #USD
