Fundamental Analysis:
JPY is experiencing inflation around 3.2%, which might raise concerns in some economies. However, Japan has been maintaining negative interest rates without apparent worries. This suggests that they are taking measures to support their economy while keeping exports competitive in the global market. Additionally, the positive trade balance indicates a potential for favorable GDP and GNP growth for Japan. Central banks seem to be strategically holding the currency price in these areas for the long term to ensure the continued competitiveness of their goods and services in international trade.
Technical Analysis:
The price of USD/JPY faced rejection around 146 after a period of consolidation. Based on my analysis, I anticipate a bearish continuation with further downside potential towards my targeted levels.
Targets: 139.400, 138.000. (133.600 (possible swing target))
"Stay disciplined and patient"
"Keep analysis simple and concise"
"Have a risk management strategy"
"Trade with a clear mind"
USDJPY
JPY is experiencing inflation around 3.2%, which might raise concerns in some economies. However, Japan has been maintaining negative interest rates without apparent worries. This suggests that they are taking measures to support their economy while keeping exports competitive in the global market. Additionally, the positive trade balance indicates a potential for favorable GDP and GNP growth for Japan. Central banks seem to be strategically holding the currency price in these areas for the long term to ensure the continued competitiveness of their goods and services in international trade.
Technical Analysis:
The price of USD/JPY faced rejection around 146 after a period of consolidation. Based on my analysis, I anticipate a bearish continuation with further downside potential towards my targeted levels.
Targets: 139.400, 138.000. (133.600 (possible swing target))
"Stay disciplined and patient"
"Keep analysis simple and concise"
"Have a risk management strategy"
"Trade with a clear mind"
USDJPY
Comment:
After the release of a negative Non-Farm Payrolls (NFP) report, I anticipate that the USD will further weaken against other major currencies due to the prevailing concerns regarding its status as a reliable and trustworthy currency, as indicated in the financial analysis found at
Trade active
USD/JPY should reach to HH again then start the bearish movements again