Tag Archives: yen

The pound’s movements against its Japanese counterpart are witnessing a bearish bias after meeting a strong resistance level of 137.40. Technically, and looking at the 60-minute chart, we tend towards the negativity depending on the clear negative features on Stochastic, which gradually started losing the bullish momentum. The bearish bias …

Positive trading dominated the moves in the pound against the Japanese yen after it succeeded in establishing good support around 136.00. Technically, we are biased towards the positivity based on the positive signals of the 50 day moving average. As long as the intraday trading remains above 136.65, the bullish …

The British Pound is witnessing a mild bullish bias against its Japanese counterpart, taking advantage of 136.00 support. Technically, we tend to be negative, given that the intraday trading remains below 136.80, and in general below 137.25, by looking at the chart, we find that Stochastic started losing the bullish …

The British Pound managed to post strong gains against its Japanese counterpart, as we expected, to reach the first target at 137.20 and record the last session’s high of 137.42. The pair continues to the positive above the 136.40 support level, with positive signs from the 50-day moving average. Therefore, …

The British Pound started the week on strong foot against the Japanese Yen built on the support of 135.90. Technically, we tend to be positive, relying on the positive crossover signals for Stochastic, in addition to the pair’s continued attempts to gain some bullish momentum. We will maintain our positive …

The yen hit a six-month high against the US dollar on Monday, September 21, posting gains for the sixth consecutive session against the US currency as stock markets tumbled. US stocks closed lower on Friday, and stock markets fell in Asia and Europe today, amid growing investor concern about the …

The Japanese yen rose on Wednesday, September 16th, as dealers bet that the Fed’s ultra-easy policy would put pressure on the dollar and elect a new prime minister for the country, while the Chinese yuan extended its gains a day after data indicated better prospects for the world’s second largest …

The Japanese yen rose due to growing concerns in financial markets on Wednesday, September 9, and after US technology stocks saw a sell-off the previous day and as a coronavirus vaccine faces delays. The US dollar was supported by a decline in the stock market prompted investors to sell riskier …

The yen jumped from its lowest level in two weeks, following news that Japanese Prime Minister Shinzo Abe is preparing to resign, while the dollar is struggling to make progress against other currencies as prospects for a prolonged low US interest rate weigh on the currency. A source close to …