USDJPY Technical Analysis – JPY Lacks Bullish Drivers

USDJPY Technical Analysis – JPY lacks bullish drivers

The USDJPY pair rallied back into the top of the recent range as soft Japanese wage growth figures and negative US-Japan trade news weighed on the yen. What’s next?

Japanese Yen Weakens As Trade Uncertainties Temper BoJ Rate Hike Bets

• The Japanese Yen remains depressed as trade uncertainties temper BoJ rate hike bets. • The JPY bulls fail to gain any respite from a broadly weaker USD …

Yen Weakens as Japanese Data Sends Mixed Signals - Action Forex

The USD/JPY pair edged higher on Monday, reaching 144.81, as the yen relinquished its earlier gains. The currency faced downward pressure following the release of disappointing wage figures, which dampened expectations for further monetary policy tightening by the Bank of Japan. Japan’s nominal wages rose by just 1.0% year-on-year in May, falling well short of […] The post Yen Weakens as Japanese Data Sends Mixed Signals appeared first on Action…

Japanese Yen remains heavily offered against a broadly stronger USD

The Japanese Yen (JPY) intraday selling bias against a broadly stronger US Dollar (USD) remains unabated, with the USD/JPY pair holding above the 145.00 psychological mark through the early European session on Monday.