Tag Archives: USDJPY

USD/JPY Price Analysis: Drops to over one-week low, looks to 131.40-30 to offer some support

USD/JPY turns lower for the second straight day and drops to over a one-week low on Thursday. The post-US CPI USD selling bias, sliding US bond yields continue to exert pressure on the pair. The risk-on impulse could undermine the safe-haven JPY and help limit the fall, for the time being. The USD/JPY pair attracts… Read More »

USD/JPY Price Analysis: Seesaws around 132.80s, after losing more than 200 pips

On Wednesday, the USD/JPY slide more than 1.50%, its largest daily loss since July 28. USD/JPY buyers unable to break above 135.30 exacerbated the fall below the 133.00 mark. The USD/JPY tanked more than 200 pips on Wednesday, courtesy of cooler-than-expected US CPI data, suggesting that the Federal Reserve might pivot, towards a dovish stance,… Read More »

USD/JPY struggles for direction, stuck in a range around 135.00 as traders await US CPI

USD/JPY lacks any firm directional bias and remains confined in a narrow trading range. Traders prefer to move on the sidelines ahead of the crucial US consumer inflation data. The Fed-BoJ policy divergence, meanwhile, continues to act as a tailwind for the major. The USD/JPY pair continues with its struggle to gain traction on Wednesday… Read More »

USD/JPY Price Analysis: Establishment above 200-EMA at around 134.50 supports bulls

A consolidation above the 200-EMA adds to the upside filters. The RSI (14) is oscillating in a 40.00-60.00 range and awaits a potential trigger. For more upside, the greenback bulls need to break above the 134.34-135.58 range decisively. The USD/JPY pair has witnessed mild selling pressure after printing an intraday high of 135.24 in the… Read More »