Created
: 2024.09.05
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
USD/JPY: Sideways near the lows - OCBC
Breaking news
USD/JPY: Sideways near the lows - OCBC
New
2024.09.05 18:30
2024.09.05 18:30
2024.09.05 18:30
USD/JPY continued to trade lower, following the broad decline in USD, UST yields, OCBC FX strategists Frances Cheung and Christopher Wong note.
USD/JPY continues to trade lower
"Earlier in the week, BoJ Governor submitted a document to government panel, which reiterated that the BoJ would continue to raise interest rates if the economy and prices perform as expected by the BoJ. Fed-BoJ policy shifts will bring about a narrowing of UST-JGB yield differentials and this should continue to underpin the broader direction of travel for USD/JPY to the downside."
"Pair was last seen at 143.53. Bullish momentum on daily chart is fading while RSI fell. Sideways trading likely. Support at 143.45 (recent low), 142 levels. Resistance at 145.90 (21 DMA), 147.20 (recent high)."
Last updated
: 2024.09.05
Related articles
NZD/USD weakens near 0.6200 as New Zealand GDP shrinks by 0.2% in Q2
13 minutes agoBoC Minutes: Some members were more concerned about downside inflation risks
43 minutes agoUSD/CAD trades with mild gains above 1.3600, Fed cuts rates for first time in four years
2024.09.19 08:04New Zealand GDP contracts by 0.2% but bucks forecasts
2024.09.19 07:58GBP/USD holds steady as BoE rate call looms ahead
2024.09.19 07:42NZD/JPY Price Analysis: Pair continue with mild upwards movements, reversal signs gaining relevance
2024.09.19 06:35
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
NZD/USD weakens near 0.6200 as New Zealand GDP shrinks by 0.2% in Q2
The NZD/USD pair edges lower to near 0.6200 during the early Asian session on Thursday.
New
2024.09.19 09:05BoC Minutes: Some members were more concerned about downside inflation risks
According to the Bank of Canada's (BoC) minutes from a recent meeting that was released Wednesday, some governing council members were more concerned about downside risks to inflation.
New
2024.09.19 08:35USD/CAD trades with mild gains above 1.3600, Fed cuts rates for first time in four years
The USD/CAD pair posts modest gains around 1.3605 during the early Asian session on Thursday.
New
2024.09.19 08:04New Zealand GDP contracts by 0.2% but bucks forecasts
New Zealand's Gross Domestic Product (GDP) growth in the second quarter contracted by 0.2% QoQ, falling back from the previous quarter's revised 0.1% (from 0.2%), but still held above the median market forecast of -0.4%.
New
2024.09.19 07:58GBP/USD holds steady as BoE rate call looms ahead
GBP/USD hit a fresh 30-month high on Wednesday, pushed within inches of the 1.3300 handle after the US Federal Reserve (Fed) trimmed interest rates by a jumbo 50 bps and chalking in the US central bank's first rate cut in over four years.
New
2024.09.19 07:42NZD/JPY Price Analysis: Pair continue with mild upwards movements, reversal signs gaining relevance
In Wednesday's session, the NZD/JPY pair rose by to 88.25. Considering the fresh gains and the latest technical outlook, the possibility of a reversal of last week's losses is growing.
New
2024.09.19 06:35Australian Unemployment Rate expected to hold steady at 4.2% in August
The Australian Bureau of Statistics (ABS) will release the monthly employment report at 1:30 GMT on Thursday.
New
2024.09.19 06:30USD/CHF rebounds slightly, yet prints losses following Fed's cut
The USD/CHF recovered after whipsawing after the Federal Reserve lowered borrowing costs by 50 basis points (bps), though it reaffirmed its data-dependent stance, according to Chairman Jerome Powell.
New
2024.09.19 06:02Australian Dollar clears gains on USD recovery
The AUD/USD reached a high of 0.6800 before falling back toward the 0.6760 level in the wake of the Federal Reserve's (Fed) decision to cut interest rates by 50 basis points to 5%.
New
2024.09.19 05:42What just happened: Why did the Federal Reserve just cut interest rates?
The US Federal Reserve (Fed), easily the largest and most powerful central bank in the world, just decreased its Federal Funds Interest Rate by 50 basis points (bps) to a reference range of 5.0-5.25% percent.
New
2024.09.19 05:37Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
