the US dollar / Japanese yen
US dollar / Japanese yen
The USD/JPY pair is the currency pair that includes the United States dollar (symbol $, symbol USD), and Japan’s Japanese yen (symbol ¥, symbol JPY). The price of the pair indicates how many Japanese yen are needed to buy 1 US dollar. For example, when the USD/JPY pair is trading at 100.00, this means that 1 US dollar is equivalent to 100 JPY. The US dollar (USD) is the most traded currency in the world, while the Japanese yen is the third most traded currency in the world, resulting in
The USD/JPY pair is the currency pair that includes the United States dollar (symbol $, symbol USD), and Japan’s Japanese yen (symbol ¥, symbol JPY). The price of the pair indicates how many Japanese yen are needed to buy 1 US dollar. For example, when the USD/JPY pair is trading at 100.00, this means that 1 US dollar is equivalent to 100 JPY. The US dollar (USD) is the most traded currency in the world, while the Japanese yen is the third most traded currency in the world, resulting in
Read this term It rose sharply in today’s trading supported by Japanese CPI data and expectations that the Bank of Japan will hold Yield curve control
Yield curve control
Yield Curve Control (YCC) is a monetary policy tool used by central banks to influence the shape of the yield curve, which is a graph plotting the yields of bonds of different maturities. Typically, the yield curve is sloping upward, which means that the yields of long-term bonds are higher than those of short-term bonds. YCC is a way for central banks to target specific yield levels on government bonds. It involves the central bank buying or selling government bonds to control the interest rates on those bonds
Yield Curve Control (YCC) is a monetary policy tool used by central banks to influence the shape of the yield curve, which is a graph plotting the yields of bonds of different maturities. The yield curve is usually upward sloping, which means that the yields of long-term bonds are higher than those of short-term bonds. YCC is a way for central banks to target specific yield levels on government bonds. It involves the central bank buying or selling government bonds to control the interest rates on those bonds
Read this term Unchanged next week the Federal Reserve will raise interest rates by an expected 25 basis points. This week, USDJPY is up about 2%.
Technically, price has raced through the 50% midpoint target of the move down from the end of June high. This level comes at 141.149. I’m looking for support against that level on the decline. Maintain this level and return above 141.43-141.47 area, and a move towards 61.8% correction 142.07 will be targeted. Today’s high reached 141.948 before turning back to the downside. This will also be a level to be crossed.
Today’s move is already impressive (range of 221 pips vs average of 128 pips over the last 22 days – about a month of trading). But we have to respect the upside today. 50% will tell us how optimistic buyers are today. be cerfull.
USDJPY is racing to the upside
