Tag Archives: yen

Negative trades dominated the pound’s movements against yen, approaching by a few points from the target published during the previous report at 160.10, to record the lowest at 160.30. Today’s technical aspect indicates the possibility of continuing the decline, relying on the clear negative signs on the stochastic indicator on …

The Fed hiked rates by 50 basis points. But Chair Jerome Powell’s comments briefly ignited a sharp rally across markets after saying that Fed wasn’t considering raising rates by 75 basis points in the near future. Assets rallied across the board on Wednesday after Powell’s comments; downplaying the likelihood of …

The pound against the Japanese yen noticeably declined within the bearish corrective context published during the previous analysis, touching the official target for the last analysis at 161.20, recording its lowest level at 160.47. Technically, today, we tend to the negativity, relying on the stability of trading below 162.30 and …

Negative movements dominated the British pound against its Japanese counterpart after hitting the resistance level of 163.60, which forced the pair to trade with clear negativity again, to witness the stability of the current movement around the lowest level during early trading at 162.10. On the technical side, today, we …

The Bank of Japan will hold its policy meeting on Thursday, April 28 at 03:00 GMT and as we get closer to the release time, here are the expectations forecast by the economists and researchers of six major banks.The BoJ is unlikely to announce any changes to its monetary policy …

US equities were able to impressively recover in the latter hours of US session. The dominant force in currency markets on Monday remained risk-off, with traders citing China lockdown concerns as the major driver. Amid a sharp pullback in global bond yields as traders reassessed global growth prospects amid the …

Though US equities were able to stage an impressive recovery in the latter hours of US trade, the dominant force in currency markets on Monday remained risk-off flows, with traders citing China lockdown concerns as the major driver.Amid a sharp pullback in global bond yields as traders reassessed global growth …

As geopolitical tensions rise, the cryptocurrency’s price has fallen. Bitcoin has experienced a choppy week amid Russia’s Ukraine invasion. Observers suggest the cryptocurrency might not be the safe haven backers believe it to be.Some digital-asset investors have previously described bitcoin as “digital gold”, referring to the idea that the cryptocurrency …

Support levels fell like dominoes on Thursday as the GBP/USD pair continues to react to woes related to Russia’s assault on Ukraine. Traders ditch risk-sensitive currencies like sterling in favour of safe-haven currencies like the US dollar or Japanese yen as global equities tumble, the pair is on course for …

GBP/JPY approached the retest target mentioned in the previous analysis at 155.30, recording its lowest level at 155.50. On the technical side, today, we find the pair has benefited from the 155.50 support level, which helped it rebound to the upside once again, to witness the stability of the current …