Recent

» » » U.S. DOLLAR/JPY TRADED IN A TIGHT RANGE IN THE ASIAN SESSION

U.S. DOLLAR/JPY TRADED IN A TIGHT RANGE IN THE ASIAN SESSION

The risk of bearish renewal will increase if a breakthrough occurs below 107.45.The USD/JPY is steady in Tokyo's working hours as we head towards closing this week after a number of sessions with a lot of data that left more questions and expectations missed becoming gloomy.

U.S. DOLLAR / JPY
U.S. DOLLAR / JPY
The USD/JPY traded in a tight range in Asia, between the lows of 107.92 and the high of 108.08. Overnight, the couple ranged between 107.80 and 108.10, reversing a reversal made after the FOMC removed a pessimistic tone from the BoJ because US stocks failed to convince the upper side and the market is still absent.


The S&P 500 finished below a point below 3,006 after approaching an all-time high of 3,025.86 that was printed on July 26. The Dow fell near 53 points to close at 27,093, while the Nasdaq Composite rose 5 points, or 0.1%, to close at 8,183. As for the yield, the two-year U.S. yield fell from 1.77% to 1.74% (compared to 1.67% before the FOMC), while the 10-year yield ranged from 1.75% to 1.80%.

The Fed is expected to cut interest rates by 25 basis points before the end of the year
After the Fed's hard-line interest rates drop, the market still expects to ease by 25 basis points by the end of the year, and the final interest rate is 1.17%. As for the Bank of Japan, if today's CPI is striking, the central bank may have to act.  The Japan National Consumer Price Index (CPI) for August is expected to slow to 0.3% of the overall year, 0.5% per annum on the base scale, a kind of figure behind Japan's pessimistic Nada Bank yesterday that prepared the stage for the final new easing measures in October. Analysts in Westpac explained.


"The 4-hour chart shows that he spent most of the day under 20 SMA, after penetrating below the moving average in the early days. Still durable on the larger MA, technical indicators are at negative levels, although without the strength of the trend. The risk of bearish renewal will increase if it penetrates below 107.45, and the related FIBONACCI support that has limited the seller during the week.  "

Tag : analisa, berita
0 Komentar untuk "U.S. DOLLAR/JPY TRADED IN A TIGHT RANGE IN THE ASIAN SESSION"

Back To Top