Technical Analysis

Dovish BOJ leaves rates unchanged; USD/JPY makes 6-year highs

The Bank of Japan left rates unchanged at -0.1% and will continue with its monetary stimulus by targeting 0% on its 10-year bond yields. In addition, the BOJ revised down its economic outlook, after recently revising it higher! This is in stark contrast with its counterparts in the US and UK, the Fed and the …

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JAPANESE YEN, USD/JPY, US CPI, UKRAINE, FED, TECHNICAL ANALYSIS – ANALYST PICK

Japanese Yen may remain at risk to US Dollar despite Ukraine tensions US inflation may continue surprising higher, keeping the Fed on the edge USD/JPY faces an Ascending Triangle chart formation, watch for breakout All things considered, the Japanese Yen has not been holding up relatively well against the US Dollar since Russia commenced its …

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US CPI higher than expected. Could the Fed hike 50bps?

EUR/USD stayed within the flag after holding the support and reversed to the upside, breaking above the formation. However, price is approaching a resistance zone between 1.1482 and 1.1500. If EUR/USD can break above, price many be on its way to the flag target near 1.1575. First support is at the top trendline of the …

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AUD/JPY hints at bullish trend reversalAUD/JPY hints at bullish trend reversal

The combination of Australia announcing a reopening of their international borders and a rebound of business confidence saw AUD/JPY as one of the strongest pairs yesterday. Price action also warns of a bullish trend reversal on the daily chart. We can see on the daily chart that AUD/JPY opened at the session low and closed …

AUD/JPY hints at bullish trend reversalAUD/JPY hints at bullish trend reversal Read More »