The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
This Thursday, the USD/JPY pair is aiming for Monday's high around 159.70. The Japanese yen (JPY) remains weak amid concerns that rising energy prices—driven by the war in the Middle East—will increase pressure on Japan's trade balance and worsen its medium-term economic outlook. Persistently high oil prices are also fueling inflation and creating a classic stagflation scenario, making it more difficult for the Bank of Japan to normalize monetary policy. Against this backdrop, combined with a broadly bullish outlook for the U.S. dollar, USD/JPY is receiving additional support.
At the same time, concerns about possible currency interventions by Japanese authorities are preventing traders from aggressively increasing short positions in the yen and are limiting further gains in spot prices.
From a technical perspective, oscillators are positive, and prices are trading above all moving averages, confirming a bullish bias. The nearest target is Monday's high, followed by the March high. Support is expected at the 9- and 14-day EMAs, followed by the 20-day SMA and the round level of 158.00.
*Analiza tržišta koja se ovde nalazi namenjena je boljem razumevanju tržišta i ne pruža instrukcije za vršenje trgovanja.
Uz InstaSpot-ove analitičke preglede uvek ćete biti u toku sa tržišnim trendovima! Klijentima InstaSpot-a su dostupni mnogobrojni besplatni servisi za uspešno trgovanje.
