Tag: Japanese yen
NZD/JPY Price Analysis: Bearish Momentum Persists
The NZD/JPY pair continues to show a bearish trend, breaking through important support levels with consistent negative movements. The possibility of a turnaround depends on a significant drop in the Relative Strength Index (RSI)...
GBP/JPY Holds Above 196.00, Recovering Losses – Key Focus on Currency Pair’s Performance
GBP/JPY managed to bounce back above the 196.00 level after the Bank of Japan (BoJ) announced its interest rate decision. The BoJ decided to increase the short-term rate target by 15 basis points, moving...
Understanding the NISA Program and its Impact on Japanese Yen Depreciation
The Japanese Yen (JPY) faced challenges in the foreign exchange (FX) markets due to Japanese individuals making overseas asset purchases through the Nippon Individual Savings Account (NISA) program. This tax-free investment scheme has led...
Japanese Yen Strengthens as US Dollar Weakens on Fed Rate Cut Expectations
The Japanese Yen has been gaining strength against the US Dollar due to challenges faced by the USD following weaker-than-expected US employment growth data released on Friday. This has led to speculation that the...
Analyzing USD/JPY Pullback: Insights from Action Forex
The USD/JPY pair recently reached a new multi-year high at 161.95 before experiencing a correction. It dropped below a key bullish trend line with support at 161.50 on the 4-hour chart. Meanwhile, the EUR/USD...
USD/JPY Forecast: Key Level to Monitor is 163.00 Above 162.00
The US Dollar (USD) continues to show strength, with a potential test of the resistance at 162.00 on the horizon. If the USD manages to break above 162.00, the next level to keep an...
USD/JPY Breaks Through 160.00 Barrier to Hit New Multi-Decade Highs
The USD/JPY pair surged to a new multi-decade high above the 160 level on Wednesday, signaling a strong bullish momentum in the market. Despite concerns about potential intervention from Japanese authorities to support the...
USDJPY Price Analysis: Will USDJPY Break Above 160 Level? – Action Forex
USDJPY is currently trading below the critical 160 level with weak momentum. There are signs of overbought conditions, indicating that sellers may be waiting below the 158.35-159.00 range. The possibility of BoJ intervention is...
USD/JPY Daily Forecast: Latest Analysis and Trends – Action Forex
The USD/JPY currency pair's daily forecast shows that the intraday bias is currently on the upside. The ongoing rally is expected to reach the 160.20 high, with a possibility of extending to the 100%...
USD/JPY Weekly Forecast and Analysis – Action Forex
The USD/JPY pair saw a significant increase last week, rising from 151.68 to 159.81, showing no clear signs of a peak yet. The initial bias for this week remains on the upside, with a...
NZD/JPY Price Analysis: Cross Extends Gains Above 97.00
The NZD/JPY cross has been on an upward trend, reaching new cycle highs above 97.00. This positive movement continued on Thursday as the cross surpassed the previous resistance level and set a fresh cycle...