USDJPY: Ready To start another bearish wave

6 hari yang lalu

USDJPY: Ready To start another bearish wave

During the previous week, former President Trump accused China and Japan of intervening in the forex market, claiming they were taking advantage of the US.

Japanese Prime Minister Ishiba responded, stating that Japan is not pursuing a currency devaluation policy and disagreed with Trump's accusations.

Since then, the JPY has become more volatile, possibly pushing USD/JPY down to satisfy Trump's demands. Additionally, Japan aims to avoid a trade war with the US.

The odds are that USD/JPY could begin another bearish wave following this week's turmoil, as shown on the chart.

You may find more details in the chart!
Thank you and Good Luck!

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USDJPY moved 65 pips down from our analysis:)