The US dollar has again pushed the Japanese yen above the 115 line, after breaking through the symbolic level on Wednesday. The US dollar has been showing broad weakness but has managed to push the yen back above the 115 level. Earlier in the day, USD/JPY rose to 115.22, marking a 5-week high. There are two reasons why the yen hasn't been able to take advantage...
The Japanese yen is unchanged on Tuesday, after starting the week with losses. With USD/JPY currently trading around the 114.80 level, it appears that the 115 line will be breached, perhaps as early as this week. The pair last breached this psychologically-important level a month ago, but was unable to consolidate above this line. Inflation has been at the top...
The Japanese yen continues to lose ground. The yen suffered a third straight losing week, and the trend has continued on Monday. With USD/JPY currently trading around the 114.70 level, the 115 line is vulnerable. The pair last breached this symbolic level a month ago, but the dollar couldn't consolidate above this level. Japan's retail sales...
Good day guys! If you were able to enter into this position based on my analysis this weekend, you are now up 160+ pips! Remember to place your SL into profit. If you were able to profit off of this trade, be sure to let me know in the comment section below. We do appreciate you for checking out our post and remember, we will see you on the other side. Rodrick...
On Thursday, the Canadian dollar has posted small gains. In the North American session, USD/CAD is trading at 1.2147, up 0.11% on the day. The Canadian dollar has been on a tear lately. USD/CAD has fallen 1.32% in May and the Canadian dollar hasn't suffered a losing week since March. Canada's economic recovery has been bumpy and lockdown restrictions remain in...
Canada Reports Core CPI on Wednesday. Forecast is for a slight drop from 1.5% down to 1.4% Should report come in negative, likely to see a bounce off the 1.26 handle. Trade Safe - Trade Well Regards, Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc. RISK DISCLAIMER Information and opinions contained with this post are for educational purposes and do...