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The Japanese yen has steadied on Thursday after plunging 2% a day earlier. In the European session, USD/JPY is trading at 154.00, down 0.40% on the day. The dust hasn’t settled from the US election, as a red Republican wave swept across the country. Republican Donald Trump retook the presidency in convincing fashion, easily defeating […]

The post Japanese Yen Stabilizes After Post-Election Slide appeared first on Action Forex.

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25/04/2024

USDJPY Advances to Fresh 34-year High

USDJPY trades at its highest level since April 1990 Momentum indicators flag extremely overbought conditions For now, Japanese authorities seem reluctant to intervene USDJPY has been in a steady uptrend after finding its feet near the 200-day simple moving average (SMA) in early March. On Thursday, the pair posted a fresh 34-year peak, extending its rally within […]
28/03/2024

USDJPY Wave Analysis

USDJPY reversed from multi-year resistance level 151.357 Likely to fall to support level 146.90 USDJPY currency pair recently reversed up from the powerful multi-year resistance level 151.357 (former monthly high from 2022), standing close to the upper weekly Bollinger Band. The downward reversal from the resistance level 151.357 stopped the previous minor corrective wave 2 […]
13/03/2024

Gold Advances Again After Rebound Off 2,150

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