benny_marshall

USDJPY - CURRENT SENTIMENT , FUNDAMENTAL BIAS

FX:USDJPY   U.S. Dollar / Japanese Yen
⛔️ Today is a fairly important day for USDJPY. This is due to the release of USD CPI DATA. So it's a very HIGH IMPACT NEWS. We need to be vigilant about that. Currently, the USPJPY is being hit hardest by the JPY. This is because some of the things that JAPAN issues are DATA and UPDATES are somewhat NEGATIVE.

⛔️ JPY FEATURE is currently on the rise. Somehow it will come back down. The main reason for this is that the MARKET SENTIMENT RISK OFF TONE is still playing. But JPY MARKET is now CORRECTION and we see the nature of it. JPY FEATURE stands at 0.00768 LEVEL. According to the JPY ECONOMIC PROJECTION, JPY can be WEAK in the future as well. But if the MARKETS RISK continues to be ON, the USDJPY price may go up further. USDJPY stands above DYNAMIC LEVELS.

⛔️ Currently the OVERALL MARKET is RISK ON. Also the STOKES are turning a bit GREEN. COMMODITIES gives us a GREEN COLOR. So I'm trying to be a bit of a HIGH BEATA CURRENCIES BUY right now. Anyway VIX is getting a bit DOWN right now. Also BONDS PRICES show a slightly DOWN SIDE BIAS. BONDS SPREADS are GREEN. MARKET currently has a MARKET ENVIRONMENT with a NEUTRAL BIAS close to RISK ON.

⛔️ USDJPY PRICE can be REJECT at 134.47 LEVEL. For VOLATILITY UP, and JPY FEATURE UP. Due to US PCE DATA coming today, some changes may occur in USDJPY.

⛔️ USDJPY PRICE can go to 134.47 LEVEL. However, if the TREND LINE is BREAK, the USDJPY price may fall to 121.269 LEVEL.

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