The USD/JPY into the low end heading into Wednesday's market session after an assumed Bank of Japan (BoJ) intervention on Tuesday saw the pair tumble nearly 2% from the day's peak just over the 150.00 major handle.
The pair is now trading down into 148.80 after the pair staged a moderate recovery immediately following the rumored BoJ intervention.
Traders will be looking ahead to Wednesday's US Services Purchasing Manager Index (PMI), which is expected to tick down slightly from 54.5 to 53.6.
Forex Today: Yen wakes up as the Dollar remains robust, RBNZ next
The economic calendar is notably thin for the Japanese side, and the data docket is free for USD/JPY to jostle into position heading into another US Non-Farm Payrolls (NFP) on Friday.
Broad-market sentiment has soured lately, sending investors piling into the US Dollar (USD). A narrowly-averted US government shutdown is likely to continue weighing on investor confidence, as the emergency stopgap measures only see US federal operations funded through mid-November.
Rising US Treasury yields on a lack of government confidence and ongoing fears of a potential global economic slowdown sees the US Dollar in a firm position, and any declines in the US Dollar Index are unlikely to be maintained.
Despite the rumored BoJ intervention, the USD/JPY remains in a notably bullish position, with market prices not far from yearly highs, and a bounce back above 150.00 will see the pair trading into its highest prices in decades.
Daily candlesticks see the USD/JPY remaining well-buoyed by the 34-day Exponential Moving Average (EMA) near 147.00, far above the 200-day Simple Moving Average (SMA) near 138.00.
Technical indicators have been breaking under the weight of the Greenback's march up the charts, and the Relative Strength Index (RSI) has been at or near the overbought limit since August.

© 2000-2025. 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.