- Analiza
- Novosti i instrumenti
- Vesti sa tržišta
- USD/JPY Price Analysis: Climbs above 136.50 despite upbeat Japan’s GDP
USD/JPY Price Analysis: Climbs above 136.50 despite upbeat Japan’s GDP
- USD/JPY has climbed above 136.50 as the USD Index is gathering strength for surpassing the immediate resistance of 102.70.
- Preliminary Japan’s Q1 GDP beat estimates but failed to strengthen the Japanese Yen.
- USD/JPY is marching towards its two-month high resistance plotted at 137.91.
The USD/JPY pair has resumed its upside journey after a marginal correction below 136.50 in the Asian session. The major is aiming to recapture Tuesday’s high at 136.68 as the Japanese Yen has failed to find strength despite upbeat Q1 Gross Domestic Product (GDP) numbers. Preliminary Q1 GDP accelerated by 0.4% vs. the estimates of 0.1%. In the last quarter, the GDP growth remained stagnant.
The US Dollar Index (DXY) has turned sideways after failing to extend recovery above 102.70 despite the absence of approval for an extension in the US borrowing cap to safeguard the US Treasury from default for obligated payments.
Later this week, Japan’s National Consumer Price Index (CPI) data (April) will be keenly watched. Headline CPI is seen softening to 2.5% from the former release of 3.2%. Also, the core inflation is expected to decelerate to 3.4% against the prior figure of 3.8%.
USD/JPY is marching towards its two-month high resistance plotted from March 08 high at 137.91. The asset is auctioning in an Ascending Triangle chart pattern on a daily scale, which signals a decline in volatility. Upward-sloping trendline from March 24 low at 129.64 will continue to act as a support for the US Dollar bulls.
Advancing 10-period Exponential Moving Average (EMA) at 135.60 indicates strength in USD/JPY.
The Relative Strength Index (RSI) (14) is making efforts for shifting into the bullish range of 60.00-80.00, which will activate the upside momentum.
Should the asset break above Tuesday’s high at 136.68, US Dollar bulls will drive the pair toward March 02 high at 137.10 and a two-month high at 137.91.
On the flip side, a downside move below May 10 high at 135.47 will strengthen the Japanese Yen bulls. This would drag the USD/JPY pair towards May 11 high at 134.84 followed by May 11 low at 133.74.
USD/JPY daily chart
© 2000-2024. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.
Банковни транcфери
