empty
 
 
cn
支持
即时开户
交易平台
入金/出金

11.10.202317:36 Forex Analysis & Reviews: USD/JPY: upside continuation

The USD/JPY pair is trading in the green at 149.16 at the time of writing and it seems determined to extend its growth. The price jumped higher as the Yen was weakened by the Japanese Yen Futures' sell-off. The greenback took the lead and drove the rate higher as the Dollar Index bounced back.

Fundamentally, the USD was boosted by the US economic figures today. The PPI reported a 0.5% growth compared to the 0.3% growth estimated, while Core PPI increased by 0.3% growth beating the 0.2% growth forecasted. Still, the FOMC Meeting Minutes could be decisive later today. Most likely it should bring high volatility and sharp movements later.

Tomorrow, the US is to release the inflation figures, while Japan publishes the Bank Lending, Core machinery Orders, and PPI data.

USD/JPY Strongly Bullish!

Exchange Rates 11.10.2023 analysis

Technically, the USD/JPY pair found support at 148.25 and now it has jumped above the downtrend line and above the weekly pivot point of 148.88. Breaking through the confluence area formed at the intersection between these obstacles signaled a potential further growth.

Now, it is challenging the 149.09 former high which represents a static resistance. Still, in the short term, the rate could try to retest the broken levels.

USD/JPY Outlook!

A bullish closure above today's high of 149.18 activates more gains. This is seen as a buying opportunity.

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Ralph Shedler,
Analytical expert of InstaSpot
© 2007-2026
立即从分析师的建议受益
充值交易账户
开设交易账户

InstaSpot分析评论将让您充分了解市场趋势! 作为InstaSpot的客户,您将获得大量的免费服务以实现有效的交易。

现在无法通话?
提出您的问题,用 在线帮助.