The USD/JPY fell from around 143.00 peak and lost over 0.28% due to mixed economic data from the United States (US), bolstering the odds for the Federal Reserve’s first rate cut next week.
USD/JPY remains downward biased, with a daily close below 142.00 signaling potential for further losses toward 140.71 and 140.25. Bears maintain control as RSI stays flat, indicating consolidation before the next move. On an upward correction, resistance lies at 142.00, followed by 143.04 and key levels at 143.96 and 144.50 . The USD/JPY fell from around 143.00 peak and lost over 0.
Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan’s policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors. How do the decisions of the Bank of Japan impact the Japanese Yen? One of the Bank of Japan’s mandates is currency control, so its moves are key for the Yen.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/JPY Price Forecast: Falls below 144.00 as downtrend resumesThe USD/JPY retreats from around the 145.00 area and tumbles under the 144.00 figure as US Treasury bond yields edge lower.
Read more »
USD/JPY Price Forecast: Tumbles on hawkish BoJ tone, firm below 146.00The USD/JPY dropped late in the North American session, registering losses of over 0.80% or more than 100 pips.
Read more »
USD/JPY Price Forecast: Plunges below 144.00 as downtrend resumesThe USD/JPY collapsed late during the North American session and fell below 144.00 for the first time since last Wednesday.
Read more »
USD/JPY Price Forecast: Downtrend resumes, yet buyers recover 143.00USD/JPY extended its losses for the third consecutive day, hitting a four-week low of 142.85, yet traders lifted the pair, which closed Thursday's session with losses of 0.21%.
Read more »
USD/JPY Price Forecast: Testing key lows, long-term uptrend at riskUSD/JPY is testing support at key lows from where it bottomed and pulled back during August.
Read more »
USD/JPY Price Forecast: Long-term trend could be reversing but bearish momentum lackingUSD/JPY has made a bearish break below the key August 5 lows.
Read more »