[USD/JPY] Breaks Above the Cloud’s Upper Limit
In the Tokyo market, the Yen started stronger, and the USD/JPY dropped to 149.09. However, later, U.S. long-term interest rates rose, pushing USD/JPY above 150 yen in the European market. …
[EUR/USD] U.S. Long-Term Interest Rates Rise and Euro Weakens
At the beginning of the week, the Euro started quietly around 1.0860 from the Tokyo market to the European market. However, when the market opened in New York, the Euro …
[AUD/JPY] Range Market Continues
In October, the Australian Dollar (AUD) to Japanese Yen (JPY) exchange rate has been moving within a range around 100 yen. The mid-99 yen level represents a 50% Fibonacci retracement, …
[USD/JPY] Caution on Yen Weakness Amid Strong U.S. Economy
Last week, strong U.S. retail sales and employment data led to more buying of the U.S. dollar, causing the USD/JPY exchange rate to rise above the important 150 yen level. …
[USD/JPY] Breaks Above 150 Yen
Yesterday, during the New York trading session, the USD/JPY pair broke above the strong resistance level of 150 yen, following the release of strong U.S. economic data. Although the price …
[EUR/USD] ECB Further Rate Cut
At the ECB (European Central Bank) meeting held yesterday, as expected, the policy interest rate was cut by 0.25%, bringing it to 3.4%. In the statement, it was mentioned that …
[AUD/JPY] Strong Employment Data and Risk-On Sentiment
Yesterday, Australia’s September employment data, announced during Tokyo trading hours, showed stronger-than-expected job growth. The unemployment rate also fell to 4.1% from 4.2% in the previous month, indicating a strong …
[USD/JPY] U.S. Interest Rate Decline and Strong Dollar
In the Tokyo market, USD/JPY fell to 148.87 yen. This was influenced by comments from Bank of Japan board member Adachi, but the dollar was quickly bought back after he …
[EUR/USD] ECB Meeting and U.S. Long-Term Interest Rates
Yesterday, the euro reached $1.0901 ahead of the ECB (European Central Bank) meeting. However, the euro faced resistance and fell back to $1.0854, dropping below the 200-day moving average. This …
[GBP/JPY] Symmetrical Triangle Pattern
Looking at the daily chart for GBP/JPY, we can see a symmetrical triangle pattern forming, and it seems to be nearing a breakout point soon, where it will either go …