The Japanese Yen (JPY) continues its downward trajectory against the US Dollar (USD) as uncertainty surrounding the Bank of Japan’s (BoJ) monetary policy persists. Recent developments in Japan’s political landscape and mixed signals from the central bank have raised doubts about the likelihood of future interest rate hikes.BoJ’s Cautious StanceThe …
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The USD/JPY pair has recently dipped to a significant long-term trendline at around 152.55, but remains within an overall uptrend. While a short-term correction has occurred, the underlying bullish momentum suggests a potential recovery and further upside. Potential Upward Movement:Immediate Upside: A break above the November 7 high of 154.71 …
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The USD/JPY pair is currently trading near the 151.00 level, influenced by rising US Treasury yields but facing resistance from the Ichimoku Cloud’s upper boundary. Bullish momentum persists, as indicated by the RSI hitting a new high, suggesting potential upside towards the 200-day moving average (DMA) at 151.36 and beyond.If …
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Oil prices spiked on Wednesday, with Brent crude rising by 1.36% to $74.56 per barrel and U.S. West Texas Intermediate (WTI) jumping 1.53% to $70.90, driven by escalating concerns over possible crude supply disruptions following Iran’s largest military strike against Israel. This follows Tuesday’s significant surge, where both benchmarks gained …
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Oil prices remained relatively unchanged on Tuesday as prospects of stronger supply and sluggish global demand growth balanced concerns over potential disruptions from escalating tensions in the Middle East. Key Price Movements: Brent Crude: December delivery edged up 13 cents (0.18%) to $71.83 a barrel as of 0615 GMT.West Texas …
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The USD/JPY pair has been rising since the start of the American trading session in the currency market, driven by the increase in US Treasury yields. This is due to the positive relationship between the pair and the yields on these government bonds, highlighting the weakness of the Japanese yen.US …
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Wall Street’s main indexes were flat to lower in choppy trading on Monday as investors paused after the previous week’s rally and exercised caution ahead of numerous job reports and comments through the week from Federal Reserve policymakers, including Chair Jerome Powell. Monday’s US market indices were neutral as traders …
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Oil prices rose on Monday, fueled by escalating worries over potential supply disruptions from Middle East producers after Israel intensified its attacks on Iranian-backed forces in the region. As of 03:30 GMT, Brent crude futures for November delivery climbed by 51 cents, or 0.71%, to $72.49 a barrel. The more …
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The Japanese Yen (JPY) managed to recover its daily losses following the news that Shigeru Ishiba, the former Defense Chief, won the Liberal Democratic Party (LDP) leadership race, securing his position as Japan’s new Prime Minister. This political development has provided support for the yen, but some traders remain cautious …
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Oil prices eased on Friday, marking the third consecutive day of declines, as investors monitored expectations of increased output from Libya and the broader OPEC+ group. However, the decline was somewhat limited by fresh stimulus measures from China, the world’s top oil importer. Market Overview As of 04:33 GMT, Brent …
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