JPY is gaining against USD
USD/JPY dropped hugely. What’s next?
Tag - jpy - japanese yen
Weekly Market Outlook: June 8-12
The optimism connected with lifting the lockdown measures across the world is driving the market up…
June 8: limited optimism
The week starts positively, but on a milder note compared to some aggressive gains achieved recently; with the exception of the USD/JPY, the US dollar is generally weak.
June 4: the ECB meeting
The USD is trying to retrace losses versus other major currencies, while traders await comments from the ECB…
AUD: going pre-crisis
The AUD is the strongest currency in the Forex market these days. What are the long-term perspectives?
June 3: AUD winning, USD losing
As the risk-on mood stays in the market pushing the AUD to beat new local highs, the USD goes down, gold - sideways, and the oil price - up.
USD/JPY: 2-week channel under question
The USD/JPY is at the lower border of the 2-week channel. Will it be broken?
Weekly Market Outlook: June 1-5
The US-China tensed relationship coupled with the US domestic unrest weakens the USD against most currencies. The AUD, oil, and gold rise.
May 28: Risk is returning
The Forex market is more risk-on compared to the previous days, hence the US dollar has given up some of its positions.
May 25: tensions
The US-China relations become more tensed pushing the USD gain value against the rest of the currencies; JPY loses, gold and oil indecisive.
Trade setups for AUD/JPY
It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
EUR/JPY: do you see the pattern?
There’s still scope EUR/JPY to rise towards the 118.70/119.85 area, where a reversal to the downside should take place.
