USD/JPY Gains Ground: BOJ's Adachi Comments Spark Reversal
The USD/JPY pair reached a more than two-month high against the US Dollar on Wednesday, propelled by comments from Bank of Japan (BOJ) board member Adachi. He stated that the economy has not yet reached a point where the central bank can discuss an exit from its ultra-easy monetary policy. This, combined with a modest USD rebound from its lowest level since August 11, contributed to the USD/JPY pair recovering around 50-60 pips from the 147.00 area. Observing an AB=CD pattern, the price initiated a reversal between the 1.13 and 1.272% area, suggesting a potential retracement. Our outlook leans toward a retracement of the USD against the JPY pair.
Our preference
Long positions above 146.00 with targets at 148.50 & 149.50 in extension.
The USD/JPY pair reached a more than two-month high against the US Dollar on Wednesday, propelled by comments from Bank of Japan (BOJ) board member Adachi. He stated that the economy has not yet reached a point where the central bank can discuss an exit from its ultra-easy monetary policy. This, combined with a modest USD rebound from its lowest level since August 11, contributed to the USD/JPY pair recovering around 50-60 pips from the 147.00 area. Observing an AB=CD pattern, the price initiated a reversal between the 1.13 and 1.272% area, suggesting a potential retracement. Our outlook leans toward a retracement of the USD against the JPY pair.
Our preference
Long positions above 146.00 with targets at 148.50 & 149.50 in extension.
액티브 트레이드
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.