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
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.