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The recent movement of the USD/JPY has been influenced primarily by political factors. The JPY has weakened significantly due to the growing risk that the current LDP-led coalition may lose its majority seats after this Sunday, 27 October snap election. Watch the 151.10 key short-term support on the USD/JPY. Since our last publication, the bears have […]

The post USD/JPY Technical: 4-Week of JPY Persistent Weakness Led by Political Factors appeared first on Action Forex.

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27/03/2024

Are USDJPY Bulls Ready for a New Record High?

USDJPY trades higher again, testing the October 21, 2022 high Last week’s events have renewed the bullish pressure as intervention risk increases Momentum indicators support the bullish move; all eyes are on the stochastic oscillator USDJPY is continuing its journey north and it is now testing the October 21, 2022 high at 151.94 as last week’s events have probably […]
22/04/2024

USD/JPY in Late Stages of an Impulse Ahead of BoJ This Week

With 10 year US yields experiencing only a three-wave drop from a new high last week down to 4.5%, we should anticipate more gains here. This is likely to be positive for the Dollar, especially against the Jpy. Looking at the USDJPY hourly chart, we see a bullish impulse entering its late stages this week […]
08/01/2024

EURCHF Bulls Could Find An Opening

EURCHF trades a tad above its all-time low of 0.9235 Euro bulls are trying to regain market control and limit their losses Momentum indicators could open the door for a rebound EURCHF is edging higher today but trades very close to its all-time low of 0.9235 recorded on December 29, 2023 with the recent series […]