#JXY $JPY waiting a good days soon #Japan My expectations for the #JPY dollar in the next 2 months God wi
Maybe I'm wrong but I taking it
About Japanese Yen Currency Index
The Japanese Yen Currency Index (JXY) is an indicator investors should track. It demonstrates how the yen is estimated against the bucket of other main currencies. Japan is a country with a remarkably strong economy and also has the status of one of the biggest exporters and importers in the world. Among the main trade partners for it, are China and the USA. Therefore, the yen might be influenced by these export and import cash flows. Moreover, the JPY has always been considered to be a safe haven currency but in the past few years, it has become harder and harder for the yen to justify this status.
Yen Bullish Three Drives PatternHow to identify the Three Drives pattern?
The three drives harmonic pattern is identified by various three higher highs or lower lows. They gather in a reversal of the existing trend. Every move lower or higher is quantified by using the Fibonacci extension and retracement levels of 61.8 and 127.2
JXY (Long)
Price broke out of trend and came back to retest where it broke out.
Retest zone is within the 50-61.8 zone, which we are currently at so continue Yen strength.
JAPANESE YEN INDEXThe Japanese Yen index (JXY) has been on a long term bearish trend. Recent intervention by the BoJ has lifted the Yen. On the weekly charts, the Yen has broken a key level indicating a shift in order flow.
Price is expected to push higher to mitigate supply zones. In the short term, we expect the Ye
WHAT'S FLOWING: AUDCNH / CADCHF / EURNOK / XR1. AUDCNH
Market Sentiment:
AUDCNH is showing some weakness, with analysis pointing towards potential declines towards key support levels near 4.500. The pair seems to be struggling amid mixed global sentiment towards Chinese economic growth and fluctuating Australian dollar strength.
Trade I
JPY overview.The overall theme will revolve around JPY weakness, AUD strength and CAD weakness. there are a few assets on my watchlist that did not close last week with huge delta, but I have included them in here because I think they have pulled back / consolidated enough for them to resume their trend and so I
JXY (LONG)
-JPY Bulls coming in
-morning star reversal pttern formed and we have bullish momentum
-All major resistance levels have been broken.
WILL YEN CROSS the RUBICON OR more BOJ "intervention"Spread btw spot and futs widened at breakout or reversal juncture
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current value of Japanese Yen Currency Index is 66.72 USD — it has risen by 0.13% in the past 24 hours. Track the index more closely on the Japanese Yen Currency Index chart.
Japanese Yen Currency Index reached its highest quote on Oct 27, 2011 — 132.18 USD. See more data on the Japanese Yen Currency Index chart.
The lowest ever quote of Japanese Yen Currency Index is 61.75 USD. It was reached on Jul 3, 2024. See more data on the Japanese Yen Currency Index chart.
Japanese Yen Currency Index value has increased by 0.18% in the past week, since last month it has shown a 3.02% increase, and over the year it's decreased by −3.23%. Keep track of all changes on the Japanese Yen Currency Index chart.
Japanese Yen Currency Index is just a number that lets you track performance of the instruments comprising the index, so you can't invest in it directly. But you can buy Japanese Yen Currency Index futures or funds or invest in its components.