FxWirePro: USD/JPY edges higher as the yen remains vulnerable despite repeated warnings of intervent

• USD/JPY edged higher as the yen weakened despite repeated verbal intervention from officials .• Japanese officials’ verbal warnings have failed to ease pressure on the yen, with authorities now planning to improve management of their $1.3 trillion FX reserves to support potential intervention..• Markets are increasingly skeptical about Tokyo’s ability to carry out further currency intervention after a record-sized operation nearly two months ago significantly depleted foreign exchange reserves.• Some Bank of Japan board members backed additional rate hikes to bring policy closer to neutral levels, according to a summary of opinions from the June policy meeting released Wednesday.

• Immediate resistance is located at 161.97 (23.6%fib), any close above will push the pair towards 162.85(Higher BB).• Support is seen at 161.15(June 22nd low) and break below could take the pair towards 160.39 (SMA 20).Recommendation: Good to buy around 162.20, with stop loss of 161.60 and target price of 162.70
Gold is meant to be a ‘safe haven’ in uncertain times. Why is it crashing amid a war?Wall Street Slides as Iran War Uncertainty, Oil Surge, and AI Fears Rattle MarketsSpaceX IPO Filing Expected This Week as Valuation Could Surpass $75 BillionStagflation Shadows: U.S. Manufacturing Shines as Services Slump to 11-Month LowScarcity and Strife: Bitcoin Hits Historic Milestone Amid Geopolitical TremorsStrategy's Multi-Billion Dollar Bitcoin Accumulation: A 2026 Milestone

#HTX Invites You to Share 600K USDT in Gift Packs#HTXCommunity4thAnniversary

点赞分享

FxWirePro: USD/JPY edges higher as the yen remains vulnerable despite repeated warnings of intervent

全部评论0最新最热

热门话题