FUND Buy 01.05.2024 09:57
USD/JPY: the price is at the stage of forming a global growth wave
Quotes of the USD/JPY pair are correcting in a sideways trend around 157.82. The rapid decline of the yen continues, and on Monday the instrument reached a new high of 160.00, after which the rate sharply went up.
TECH Buy 30.04.2024 08:47
USD/JPY: wave analysis
The price is in a correction and may grow.
On the daily chart, the third wave of the higher level (3) formed, a downward correction ended as the fourth wave (4), and the fifth wave (5) develops, within which the wave 3 of (5) started. Now, the third wave of the lower level iii of 3 has formed, and a local correction is developing as the fourth wave iv of 3. If the assumption is correct, the USD/JPY pair will grow to the area of 161.50–165.00. In this scenario, critical stop loss level is 153.33.
FUND Sell 29.04.2024 10:41
USD/JPY: downward dynamics develop against the Bank of Japan’s possible interventions
After reaching 160.00, the USD/JPY pair fell sharply to 155.50 against possible interventions of the Bank of Japan.
FUND Buy 25.04.2024 09:23
USD/JPY: investors do not expect the Bank of Japan to tighten monetary policy at its meeting on April 26
The USD/JPY pair is developing an upward trend in the short and medium term, updating record highs.