USD/JPY Poised for Downside Movement After Hitting 151.50

The USD/JPY pair has exhibited a strong bullish run, reaching a notable level at 151.50. However, several factors suggest a possible shift in the near future.
Otet Markets | 356 days ago
Stocktwits

Overextended Rally: The rapid climb of USD/JPY could be viewed as overextended, making it susceptible to a correction. Traders often seek to capitalize on such price discrepancies.

Technical Indicators: Several technical indicators, such as the Relative Strength Index (RSI) and Moving Averages, indicate potential overbought conditions, implying a need for a downward correction.

Market Sentiment: Geopolitical events, economic data, or shifts in market sentiment can influence the currency markets. It's essential to monitor these factors for potential trend reversals.

Interest Rate Speculation: The Federal Reserve's interest rate policy and the Bank of Japan's actions can significantly impact USD/JPY. Traders are vigilant about any hints regarding rate changes.

Risk Aversion: In times of market uncertainty, investors tend to favor the safe-haven yen, potentially leading to a decline in USD/JPY.

Traders and investors should exercise caution, conduct thorough analysis, and consider risk management strategies in preparation for possible downside movements in the USD/JPY currency pair.

Regulation: M.I.S.A. (Mwali), TCMI (Marshall)
Tags: Analysis USDJPY
Stocktwits
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U.S Dollar Jumps on Heightens Treasury Yield

U.S Dollar Jumps on Heightens Treasury Yield

The U.S. dollar has continued to strengthen against major currencies, supported by a sharp rise in long-term Treasury yields, which have reached their highest level since July. The market appears to be pricing in a soft landing by the Federal Reserve, particularly as the U.S. presidential election nears.
PU Prime | 16h 35min ago
US Dollar Gains Amid Higher Yields and Political Uncertainty

US Dollar Gains Amid Higher Yields and Political Uncertainty

The U.S. dollar has recently surged to new highs, buoyed by a breakout in the dollar index, which surpassed a critical technical resistance level near 103.80. This rally has been largely driven by increasing U.S. Treasury yields, particularly the 10-year yield, which has climbed past its 200-day moving average and is now hovering just below 4.2%.
ACY Securities | 17h 12min ago
USDJPY faces a pass or fail test

USDJPY faces a pass or fail test

USDJPY extends consolidation around August’s bar. Technical signals weaken, cannot warrant a bullish trend reversal. US retail sales, jobless claims due on Thursday at 12:30 GMT
XM Group | 7 days ago
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