USD/JPY Accelerates Higher, 150 Presents Resistance

The USD/JPY pair stabilised around 151.35 by Tuesday, not far from its recent peaks, as the weakness of the Japanese yen has prompted verbal interventions from Japanese authorities. Japan’s Finance Minister, Shunichi Suzuki, mentioned that measures to normalise the yen are quite likely. He cited excessive volatility as increasing uncertainty for the country’s trading partners […]

GBPJPY tries to record another red candle, well below its recent record high level The BoJ intervenes again since the Fed remains concerned about inflation Momentum indicators are mixed, stochastics acknowledge the bearish pressure GBPJPY is hovering around the busy 191.47-192.57 range and far below its new 16-year high of 200.50. The market is digesting […]

The Japanese yen is in positive territory today, putting the brakes on a four-day skid. In the European session, USD/JPY is trading at 155.54 down 0.45% on the day. Japan GDP climbs 0.9% Japan’s economy expanded by 0.9% in the third quarter, below the revised 2.2% gain in Q2 but above the market estimate of […]