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Bullish Scenario: Buy above 156.45 with targets at 157.16, 157.90, and 158.10 in extension. Set S.L below 155.80 or at least 1% of the account’s capital. Apply Trailing Stop. Bearish Scenario: Sell below 157.16 or 157.90 (where a PAR* forms) with TP1: 156.00, 155.80, 155.00, and 156.56 in extension with S.L above 158.00 or at […]

The post USDJPY: What’s Happening With JPY? Scenarios after BoJ Intervention appeared first on Action Forex.

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28/12/2023

Japanese Yen Keeps on Rolling

Japanese retail sales climb but industrial production declines Japanese gain rises sharply The Japanese yen has posted sharp gains on Thursday. In the European session, USD/JPY is trading at 140.66, down 0.82%. Japanese retail sales beat forecast Japanese releases were a mixed bag today. Retail sales impressed with a gain of 5.3% y/y in November, […]
17/04/2024

USDJPY on the Verge of Hitting 155.00 Milestone

Overbought signals persist as USDJPY approaches the 155.00 level Bullish trend expected to hold strong above 151.00 After an explosive bullish session on Monday, USDJPY is now a short distance below the 155.00 psychological level, recording its sixth consecutive week of gains and reaching its highest level since May 1990. The RSI and the stochastic oscillator are […]
01/04/2024

Wedge Issue: What’s Driving the Gap Between CPI and PCE Inflation?

Summary Progress in reining in inflation is further along by some measures relative to others. The gap between the two most prominent measures of U.S. inflation—the Consumer Price Index (CPI) and PCE deflator—is unusually wide at present. At 3.8%, the year-over-year rate of core CPI sits a full percentage point higher than core PCE inflation […]