![USD/JPY flag pattern develops [Video]](https://i.headtopics.com/images/2023/8/18/fxstreetnews/usd-jpy-flag-pattern-develops-video-usd-jpy-flag-pattern-develops-video-16B7CB9A216E00EB41E24DCC0058DA8B.webp)
The USD/JPY pair dropped in the short term as the Yen Futures rallied and the DXY retreated a little. Surprisingly or not, the price dropped even if t
pair dropped in the short term as the Yen Futures rallied and the DXY retreated a little. Surprisingly or not, the price dropped even if the Japanese data came in worse than expected and the US figures came in mixed in the last session. Fundamentally, the rate registered a strong sell-off after the FOMC Meeting Minutes.
Technically, the rate came back below the median line signaling a corrective phase. The price action developed a flag pattern which may represent a bullish formation. Taking out the downtrend line may announce a new upwards movement.Information on the Learn2.trade website and inside our Telegram Group is intended for educational purposes and is not to be construed as investment advice. Trading the financial markets carries a high level of risk and may not be suitable for all investors.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
USD/JPY: Yen’s oversold conditions and threat of interventions a to exacerbate any downside correctionsUSD/JPY is trading on the soft side. Economists at ING analyze the pair’s outlook. Missing enough volatility to worry Japanese officials Incidentally,
Leer más »
USD/JPY: Little chance of Yen appreciating againThe Ministry of Finance (MOF) intervened at levels above 145.90 in USD/JPY last September. Concerns are increasing that the weak Yen might mobilize th
Leer más »
USD/JPY trades with modest gains around mid-146.00s, highest since November 2022The USD/JPY pair builds on this week's breakout momentum through the 145.00 psychological mark and climbs to a fresh YTD top during the Asian session
Leer más »
USD/JPY lacks bullish conviction around 146.50 YTD top even as yields approach worrisome peakUSD/JPY refreshes the Year-To-Date (YTD) high to 146.55 but lacks follow-through amid fears of the Japanese policymakers’ market intervention to defen
Leer más »
USD/JPY, EUR/JPY Update: A Temporary Pause Before Bullish Continuation?The Yen continues to struggle with the FOMC minutes leaning on the hawkish side. USD/JPY and EUR/JPY bulls remain firmly in control despite the potential for short-term pullbacks.
Leer más »
USD/JPY: In the danger zone for intervention to halt the move higherThe US Dollar took another leg stronger after the release of the minutes from the FOMC meeting in July. Economists at MUFG Bank analyze USD strength a
Leer más »