Fundamental Analysis
Tokyo's core CPI (excluding fresh food) - a key inflation gauge - rose 3.6%, higher than forecast and last month. This increases the possibility that the Bank of Japan (BoJ) will continue to raise interest rates this year, although most experts predict the BoJ will keep rates unchanged until September.
Meanwhile, the USD rose sharply after a US appeals court overturned the decision to remove most of the tariffs imposed by Mr. Trump. However, the Yen still appreciated slightly against the USD.
Technical Analysis
After consecutive declines on Friday, the pair is sideways waiting for the next development. 142.900 is the next support zone that the pair faces, this is the breakout zone and also the trendline meeting. Break this price zone must wait 141,200 for weekly support zone
145,900 last week's peak resistance zone acts as resistance for the pair's price reaction towards this week's resistance peak around 148,000
Tokyo's core CPI (excluding fresh food) - a key inflation gauge - rose 3.6%, higher than forecast and last month. This increases the possibility that the Bank of Japan (BoJ) will continue to raise interest rates this year, although most experts predict the BoJ will keep rates unchanged until September.
Meanwhile, the USD rose sharply after a US appeals court overturned the decision to remove most of the tariffs imposed by Mr. Trump. However, the Yen still appreciated slightly against the USD.
Technical Analysis
After consecutive declines on Friday, the pair is sideways waiting for the next development. 142.900 is the next support zone that the pair faces, this is the breakout zone and also the trendline meeting. Break this price zone must wait 141,200 for weekly support zone
145,900 last week's peak resistance zone acts as resistance for the pair's price reaction towards this week's resistance peak around 148,000
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
JOIN OUR FREE TELEGRAM GROUP t.me/+7rqP7ECMjpUxMzBl
MESSAGE US FOR VIP SIGNALS🏆 t.me/Leilani8597
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.