- USD/JPY drops from 150.91 to 147.28 on soft non -farm wages.
- The couple drops below 200 days and 20 -day SMA, RSI will turn to bear.
- Other key support is at 145.71, where 50- and 100-day SMA converge.
USD/JPY is set to end the week with a loss of 0.18% after worse than the expected employment report in United States (USA) opened the gates for the demand of the safe and pushed the Japanese yen above. This, along with decreasing revenues of the US Treasury, sent a few more than 2%to decline, out of approximately 150.91 to 147.28. At the time of writing, the couple is traded at 147.38, near the weekly minimum.
USD/JPY Price prognosis: Technical outlook
USD/JPY turned its course to data and sinks below 200 days SMA to 149.49, which cleared the way to test 31 July a minimum of 148.58 a day. He was rapidly violated when the sellers pushed a few towards the 20 -day SMA at 147.69. Before cleaning the brand 147.50.
Once the end of the trading day is close, the couple stabilized under the other. Momentum shifted slightly as shown by the relative force index (RSI).
If USD/JPY deletes 147.00, another support would be July SWING Low 145.85, immediately followed by the confluence of 100 and 50 -day SMA at 145.71. The latter violation reveals the brand 144.00.
USD/JPY PRICE Graph – Daily
Jeny
Japanese only (JPY) is one of the best -selling currencies in the world. Its value is generally determined by the performance of the Japanese economy, but more specifically, among other things, the difference between Japanese and risk sentiment between traders, the difference between Japanese and American bonds, or risk sentiment between traders.
One of the Bank of Japan’s mandates is currency control, so its movements are crucial for Jeny. The struggle sometimes directly affected the monetary markets, generally to reduce the value of yen, although it often stays due to political concerns of its main business partners. Ultra salmon cash policy The struggle between 2013 and 2024 caused Yen to depreciate against the main monetary peers as a result of the growing political divergence between the Japanese bank and other main central banks. Recently, the gradual unfolding of this ultra-harder policy has provided some support.
Over the past decade, the struggle has led to the struggle held by ultra -long monetary policy, to expand political divergence with other central banks, especially with the American federal reserve. This supported the expansion of the difference between ten -year -old American and Japanese bonds that preferred the US dollar against the Japanese yen. The decision of the fight in 2024 gradually abandon the ultra -armed policy, associated with interest rates cuts in other main central banks, will reduce this difference.
Japanese only is often considered to invest in safety. This means that in times of market stress, investors are more likely to put their money into the Japanese currency due to its anticipated reliability and stability. Turbulent times are likely to strengthen the value of yen against other currencies that are perceived as more risky to invest.
