- USD/JPY needs to survey 150.93 to nullify the broader downward trend.
- The main resistance in 151.00 and Senkou extends A in 151.50.
- Failure to maintain 150.00 can push the husband towards 148.57 support.
The dollar gathered for the third day in a row after the bottom near 148.60 on Tuesday. It gained more than 0.54 % and was traded over the 150.00 handle. At the time of this report, the pair is traded in 150.59.
Dollar price expectations/JPY: Technical expectations
The US/JPY downside direction will remain in place unless buyers are not recovered 150.93, which is Low Daily Daily, which has turned into resistance. Tenkan-Sen was already reclaimed in 150.44, but the main resistance levels reaffirm the Hearish USD/JPY scenario.
The bulls should restore 151.00 before the Senkou SPAN A challenge in 151.50. On more strength, the simple moving average lies for 200 days at 152.43
On the contrary, if the USD/JPY decreases to less than 150.00, the next support is the lowest daily level on February 25, 148.57. Once it is penetrated, the following support will be the decrease in the oscillation in December 2024 at 148.64.
US dollar price plan/JPY – daily
Japanese questions yen
The Japanese yen (JPY) is one of the most trading currencies in the world. Its value is widely determined by the performance of the Japanese economy, but more specifically through the policy of the Bank of Japan, and the differential between the revenues of Japanese and American bonds, or risk morale among merchants, among other factors.
One of the states of the Bank of Japan is the control of the currency, so its movements are the key to the yen. BOJ interfered directly in the currency markets sometimes, and generally to reduce the value of the yen, although it refrains from doing so often due to the political concerns of its main commercial partners. Boj Ultra-LOOSE’s monetary policy between 2013 and 2024 caused the yen to decrease against its main peers due to the difference in policy between the Bank of Japan and other major central banks. Recently, relaxation has gradually gave this super -support policy some support for the yen.
Over the past decade, the BoJ’s position of adhering to a high -minded monetary policy has has expanded a difference in politics with other central banks, especially with the American Federal Reserve. This is to support the expansion of the difference between American and Japanese bonds for a period of 10 years, which preferred the US dollar against the Japanese yen. BOJ’s decision in 2024 to gradually abandon the policy of the super taste, as well as discounts in the interest rate in other major central banks, narrows this difference.
The Japanese yen is often seen as a safe investment. This means that in times of stress on the market, investors are likely to put their money in the Japanese currency because of its reliability and supposed stability. Distinguished times are likely to enhance the value of the yen against other currencies that are seen as more dangerous for investment.
