Recovery leg from 1.0723 double bottom (Feb 5/6) started to face increased headwinds on approach to daily Tenkan-sen (1.0810), with the base of thick daily cloud (spanned between 1.0828 and 1.0969) laying just above and adding pressure. Initial signals of recovery stall are developing on daily chart as technical studies remain bearish (daily Tenkan / […]
As shown in the USD/JPY chart, today the rate is around 160.58 yen per US dollar. Bloomberg reports the words of Japan’s Finance Minister Shunichi Suzuki: → Stable dynamics are important for currency rates. → Sharp unilateral movements are highly undesirable. → We will closely monitor the situation and take action if necessary. Such rhetoric […]
The post USD/JPY Rate Hits Highest Level Since 1986 appeared first on Action Forex.
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