USD JPY Forecast Continues to Threaten a Major Region Usdjpy HEAD TOPICS

USD JPY Forecast Continues to Threaten a Major Region

10/21/2022 1:53:00 PM

#USDJPY Continues to Threaten a Major Region and Psychological Barrier

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DailyForex

USDJPY Continues to Threaten a Major Region and Psychological Barrier The USD/JPY has rallied during the trading session again on Thursday as we continue to threaten the psychologically important \u00A5150 level. continues to tighten monetary policy, and that is the most important thing to pay attention to. The interest rates in America continue to climb, and quite frankly if the Bank of Japan continues to fight interest rates rising in that country, we are going to see more weakness of the Japanese yen. Greenback Likely to Keep Gaining GroundThe biggest issue in this pair to remember is that the Bank of Japan is doing quantitative easing while almost everybody else is going in the other direction. This is especially true the Federal Reserve which some people are even starting to call for 100 basis points of rate hiking at the next meeting. Simultaneously, as the Japanese by “unlimited bonds”, that’s the same thing is printing unlimited currency. In other words, it’s a situation where it makes a lot of sense that Japanese yen being flooded into the system make them worth less. Read more:
DailyForex » US Dollar Forecast: DXY Index Consolidation Continues as USD/JPY Breaks Above 150 USD/JPY Taps Psychological 150.00 Level as Intervention Speculation Mounts USD/JPY oscillates around 149.90 after testing 150.00, though fears of BoJ’s intervention loom EUR/USD Forecast: Slightly Positive Session EUR/USD Forecast

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Liz Truss quit on Thursday after the shortest, most chaotic tenure of any British prime minister, forced out after her economic programme shattered the country's reputation for financial stability and left many people poorer. Read more >> US Dollar Forecast: DXY Index Consolidation Continues as USD/JPY Breaks Above 150US Treasury yields continue to push higher, cushioning the US Dollar (via the DXY Index) from a more significant pullback. USD/JPY rates have reached a fresh yearly high, helping the DXY Index remain in its symmetrical triangle. USD/JPY Taps Psychological 150.00 Level as Intervention Speculation MountsUSD/JPY continued its march toward the key psychological 150.00 mark as investors remain cautious of potential intervention by the Bank of Japan. Get your market update from zvawda here: USD/JPY oscillates around 149.90 after testing 150.00, though fears of BoJ’s intervention loomUSD/JPY oscillates around 149.90 after testing 150.00, though fears of BoJ’s intervention loom – by christianborjon USDJPY Majors BOJ UnitedStates Fed EUR/USD Forecast: Slightly Positive Session EUR/USD ForecastThe Euro rallied just a bit during the trading session on Tuesday as we continue to see a little bit of a recovery. USD/JPY: Extra gains now look at 151.00 – UOBFurther upside momentum in USD/JPY could see 151.00 revisited in the next few weeks, note Markets Strategist Quek Ser Leang and Economist Lee Sue Ann Federal Reserve continues to tighten monetary policy, and that is the most important thing to pay attention to.Get My Guide USD/JPY RATE TECHNICAL ANALYSIS: DAILY TIMEFRAME (October 2021 to October 2022) (CHART 2) USD/JPY rates have pushed above 150.T&C Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors.of writing, as market players weighed on a possible “stealth” intervention by Japanese authorities, even though the Bank of Japan’s loose monetary policy, and the Fed’s aggression, justifies higher exchange rates in the major, meaning a weaker Japanese yen, and a strong American Dolar. The interest rates in America continue to climb, and quite frankly if the Bank of Japan continues to fight interest rates rising in that country, we are going to see more weakness of the Japanese yen. Greenback Likely to Keep Gaining Ground The biggest issue in this pair to remember is that the Bank of Japan is doing quantitative easing while almost everybody else is going in the other direction. The commentary has not changed over the past week. This is especially true the Federal Reserve which some people are even starting to call for 100 basis points of rate hiking at the next meeting. Losses can exceed deposits. Simultaneously, as the Japanese by “unlimited bonds”, that’s the same thing is printing unlimited currency. Daily MACD is rising again while above its signal line, and daily Slow Stochastics are holding in overbought territory. In other words, it’s a situation where it makes a lot of sense that Japanese yen being flooded into the system make them worth less. US economic indicators flashed mixed signals on Fed’s aggressive policy Aside from this, the US Department of Labor revealed that claims for unemployment for the week ending on October 15 rose by 214K less than the 228K estimated by the street’s economists, flashing the labor market tightness. At the same time, the United States dollar is highly sought after for safety, and the fact that a lot of debts around the world are priced in US dollars, so there is a huge demand for them. It remains the case, however, that as long as the policy gap between the Bank of Japan and Federal Reserve remains, it will be difficult for USD/JPY rates to pullback meaningful. HOWEVER, YOU SHOULD BE AWARE THAT NFA DOES NOT HAVE REGULATORY OVERSIGHT AUTHORITY OVER UNDERLYING OR SPOT VIRTUAL CURRENCY PRODUCTS OR TRANSACTIONS OR VIRTUAL CURRENCY EXCHANGES, CUSTODIANS OR MARKETS. As monetary policy continues to get tight, that means the market will continue to favor the greenback, regardless of anything else, with the exception of the occasional noisy move. When it comes to this pair, I’m looking for some type of significant pullback to start buying, but I do recognize we may not get it anytime soon.04% of traders are net-long with the ratio of traders short to long at 4. Ready to trade our . FX Publications Inc is a subsidiary of IG US Holdings, Inc (a company registered in Delaware under number 4456365).