Chat

USDJPY News

(0 votes)


Last Updated Date: 22 March 2022 @ 8:09 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar was buttressed by new bets on U.S. rate hikes on Tuesday, while investors unloaded yen and sent it spearing below the psychological 120 level as the Bank of Japan looks increasingly isolated in its dovish policy stance.

The yen fell 0.8% and hit a six-year low of 120.46 in the Tokyo afternoon, having lost more than 4% on the dollar this month as leaping U.S. yields and a deteriorating trade balance suck cash from the world's third-biggest economy. (Reuters).

The USDJPY is bullish with its overbought status for the seventh day. Technically, Fibonacci must intervene for a minor correction towards the 23% level 119.16, when broken 
⇒ 118.30, in order for the $ to continue its up trend against the YEN towards 122.00 and above.

 

Chart

USDJPY Live Price


sell
buy
Daily price range:
Low
High



RISK WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Whilst leverage enables traders to magnify their profits on successful trades, it is possible to sustain significant losses,around 78% of retail investor accounts lose money when trading CFDs.