Fundamental approach:
- The US dollar-yen edged higher this week, supported by surging oil prices and fading expectations of a Fed rate cut, but pressured by softening risk sentiment into the weekend.
- Weak demand at Japan's 10-year JGB auction pushed yields higher amid rising inflation concerns, while Trump's address offered little clarity on Middle East tensions.
- The US dollar-yen could remain volatile as thin 'Good Friday' liquidity coincides with the US NFP release, where a payrolls beat may push Fed cut expectations further out, potentially lifting the pair.
Technical approach:
- USDJPY bounced strongly after retesting EMA21. The price is above both diverging EMAs, suggesting a potential extension of the uptrend.
- If USDJPY breaches above the resistance at 160.20, the price may rise toward the following resistance at 161.75.
- On the contrary, remaining below 160.20 may prompt a retest of EMA21 and the support at 158.40.
Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
- The US dollar-yen edged higher this week, supported by surging oil prices and fading expectations of a Fed rate cut, but pressured by softening risk sentiment into the weekend.
- Weak demand at Japan's 10-year JGB auction pushed yields higher amid rising inflation concerns, while Trump's address offered little clarity on Middle East tensions.
- The US dollar-yen could remain volatile as thin 'Good Friday' liquidity coincides with the US NFP release, where a payrolls beat may push Fed cut expectations further out, potentially lifting the pair.
Technical approach:
- USDJPY bounced strongly after retesting EMA21. The price is above both diverging EMAs, suggesting a potential extension of the uptrend.
- If USDJPY breaches above the resistance at 160.20, the price may rise toward the following resistance at 161.75.
- On the contrary, remaining below 160.20 may prompt a retest of EMA21 and the support at 158.40.
Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.