USDJPY analysis: the yen continues to lose ground
The USDJPY pair continues its ascent, with no significant correction expected in the near term.
USDJPY trading key points
The 10-year Japanese government bond (JGB) auction did not help the yen. The USDJPY rate continues its ascent. Insignificant news does not rescue the yen from depreciation at this stage.
Japanese authorities’ actions are widely viewed as playing for a rival, with attempts to strengthen the yen ending with another increase in the USDJPY rate. Bulls are aggressive and seem to have a clear strategy – to make the most of the yen’s depreciation.
Market analysis for other instruments can be found in the section "Market analysis" on our website.
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
Sincerely,
The RoboForex Team
The USDJPY pair continues its ascent, with no significant correction expected in the near term.
USDJPY trading key points
- 10-year Japanese government bond (JGB) auction – 1.091%
- Japan’s monetary base (y/y) – 0.6%
- USDJPY targets: 163.30, 158.90, 157.40
The 10-year Japanese government bond (JGB) auction did not help the yen. The USDJPY rate continues its ascent. Insignificant news does not rescue the yen from depreciation at this stage.
Japanese authorities’ actions are widely viewed as playing for a rival, with attempts to strengthen the yen ending with another increase in the USDJPY rate. Bulls are aggressive and seem to have a clear strategy – to make the most of the yen’s depreciation.
Market analysis for other instruments can be found in the section "Market analysis" on our website.
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
Sincerely,
The RoboForex Team