USD/JPY: Risk of Decline Warning
Today, let's join Alisa in observing the USD/JPY pair to see how it's performing! Will it go up or down?
The USD/JPY pair is fluctuating around the 149 mark, impacted by various factors. A stronger-than-expected U.S. jobs report has lowered expectations for the Fed to ease monetary policy, providing support for the USD. Meanwhile, within the Japanese government, there are conflicting signals regarding monetary policy. The upcoming election on October 27 further complicates the situation as leaders must balance market stability with meeting voter expectations.
The resistance level at 149.350 is the focal point. If USD/JPY fails to break through this level, combined with uncertainties surrounding Japan’s monetary policy and pressure from the U.S. jobs report, there is a high likelihood that the pair will turn downward. Investors should be cautious of short-term downside risks.
What do you think of my analysis? Feel free to comment and let me know!
The USD/JPY pair is fluctuating around the 149 mark, impacted by various factors. A stronger-than-expected U.S. jobs report has lowered expectations for the Fed to ease monetary policy, providing support for the USD. Meanwhile, within the Japanese government, there are conflicting signals regarding monetary policy. The upcoming election on October 27 further complicates the situation as leaders must balance market stability with meeting voter expectations.
The resistance level at 149.350 is the focal point. If USD/JPY fails to break through this level, combined with uncertainties surrounding Japan’s monetary policy and pressure from the U.S. jobs report, there is a high likelihood that the pair will turn downward. Investors should be cautious of short-term downside risks.
What do you think of my analysis? Feel free to comment and let me know!
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