The Japanese Yen is one of the worst performing currencies in 2024. It has weakened 5.4% against the USD.
Forces have been stacked against Yen ever since the US Federal Reserve started raising interest rates at a record pace. In sharp contrast, ultra loose monetary stance from the Bank of Japan (BoJ) resulted in wide policy rate differential of 5% between...
According to the chart on the trend line, there is a positive reaction that if supported in this range, we will have the opportunity to climb to $ 1960 and $ 2,000. Otherwise, with the break of the downtrend line, we will have $ 1920 and $ 1905 support points.
Its not Buy or Sell SIGNAL
DYOT
BY : Mohamad Teriz - @AtonicShark
The yen's devaluation movement loses strength in the face of the external scenario and deterioration of purchasing power. The price should slowly move towards the base of the previous accumulation to gain force and perhaps retest its top, stuck in this region for a longer period. I don't believe in anything much more than 116,500, but in a probable reversal...
