Forex Analysis by Investing.com (Barani Krishnan) covering: USD/JPY, US Dollar Index Futures, US dollar Futures, US Dollar Index. Read Investing.com (Barani Krishnan)'s latest article on Investing.com
Investing.com charts study suggest USD/JPY could run to between 151.96 and 153It wasn’t so much a magic number as the level that triggered Tokyo’s monetary authorities to stage a defense of the yen on Oct 3, when it breached that point. As such, expectations were set around there for Japanese monetary authorities to act and they didn’t.
Until that becomes a plausible scenario in itself, the BOJ is unlikely to significantly alter yield curve control – the policy of suppressing bond yields lower than where market forces would normally dictate – nor lift its key overnight policy rate from -0.1%. Japan’s chief currency official Masato Kanda has said that as a general principle, rate hikes and interventions are ways to respond to excessive currency moves.
Said SKCharting’s chief technical strategist Sunil Kumar Dixit, a long-term collaborator with Investing.com, explains the rationale:
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Gold: 'Triple Tops' Seldom Work - Could This Time Be Different?Commodities Analysis by Investing.com (Barani Krishnan) covering: XAU/USD, US Dollar Index Futures, Gold Futures, SPDR® Gold Shares. Read Investing.com (Barani Krishnan)'s latest article on Investing.com
Baca lebih lajut »
USD/JPY finds interim support near 149.50 as US Dollar recovers, US Q3 GDP in focusThe USD/JPY pair discovered interim support near 149.50 after correcting from the crucial resistance of 150.00 in the European session. The asset find
Baca lebih lajut »
USD/JPY: Japanese officials to intervene at the earliest feasible momentThe Yen was the third worst performing G10 currency on Monday. Economists at MUFG Bank analyze JPY outlook. Yen weakness, a key factor in driving infl
Baca lebih lajut »
Japanese Yen (USD/JPY) Latest – Will the BoJ Tweak Their Yield Curve Control Policy?There’s a lot of heavyweight US economic data released over the next week ahead of the Bank of Japan meeting. Will traders continue to respect USD/JPY 150?
Baca lebih lajut »
USD/JPY remains trapped near 150.00 as investors dare BoJ to interveneThe USD/JPY continues to cycle close to the 150.00 major handle, and the pair has constrained into a tight holding pattern after failing to make a mea
Baca lebih lajut »
USD/JPY sticks to its side-lined tradingFurther range bound trade is still in the pipeline for USD/JPY in the short-term horizon, note Economist Lee Sue Ann and Markets Strategist Quek Ser L
Baca lebih lajut »