{"id":24349,"date":"2023-01-13T09:04:36","date_gmt":"2023-01-13T09:04:36","guid":{"rendered":"https:\/\/fxglobe.wpenginepowered.com\/japanese-yen-on-the-move\/"},"modified":"2023-07-12T19:14:17","modified_gmt":"2023-07-12T19:14:17","slug":"japanese-yen-on-the-move","status":"publish","type":"post","link":"https:\/\/www.fxglobe.com\/pt-pt\/japanese-yen-on-the-move\/","title":{"rendered":"Japanese Yen On the Move"},"content":{"rendered":"\n<p>Good morning Traders!<\/p>\n\n\n\n<p>Bank of Japan watchers and analysts are now starting to think that a change in the BOJ<br>policy might come sooner then expected, and yesterday we saw the Japanese Yen<br>strengthening against many of its trading partners.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">USD\/JPY<\/h2>\n\n\n\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-id=\"7789\" src=\"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/USDJPY-D-scaled.jpg\" alt=\"\" class=\"wp-image-7789\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-id=\"7784\" src=\"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/USDJPY-W-scaled.jpg\" alt=\"\" class=\"wp-image-7784\"\/><\/figure>\n<\/figure>\n\n\n\n<p>One of the biggest losers was the US dollar. With US CPI reading which came in as the<br>market expect, at 6.5%, the <a href=\"https:\/\/www.fxglobe.com\/lower-cpi-weakened-the-us-dollar\/\" data-type=\"post\" data-id=\"24593\">US dollar<\/a> was weaker across the board.<\/p>\n\n\n\n<p>After finding support at around the level of 130.5, a low that was formed in August 2022,<br>which from that point the market has accelerated strongly to pass the level of 150.<br>Coming back into that level, the buyers tried again, however the rally failed to materialised<br>past the previous Daily swing Lower Low at around the level of around 134.5. The <a href=\"https:\/\/www.cnbc.com\/2023\/04\/13\/japan-yen-could-hit-120-this-year-nomura-says.html\">market<\/a><br>has now traded lower again, and this time also closed below the 130.5 level for the first<br>time since June 2022. I\u2019ll be looking for a potential retest from below of this strong S\/R<br>level.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">GBP\/JPY<\/h2>\n\n\n\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-2 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-id=\"7794\" src=\"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/GBPJPY-D-scaled.jpg\" alt=\"\" class=\"wp-image-7794\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-id=\"7799\" src=\"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/GBPJPY-W-scaled.jpg\" alt=\"\" class=\"wp-image-7799\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-id=\"7804\" src=\"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/GBPJPY-4h-scaled.jpg\" alt=\"\" class=\"wp-image-7804\"\/><\/figure>\n<\/figure>\n\n\n\n<p>Another market on my watchlist today is <a href=\"https:\/\/www.fxglobe.com\/gbpjpy-reversal\/\" data-type=\"post\" data-id=\"29833\">GBP\/JPY<\/a>, with UK GDP data which is expected<br>to come out at -0.3%, down from last month reading of 0.5%, a lower then expected<br>reading may be seen as bearish for the British Pound.<\/p>\n\n\n\n<p>Both the Daily and the Weekly charts are in a confirmed downtrend, and while price tried<br>to hold above the level of 158.50, yesterday the market broke through this level and close<br>below it. I\u2019ll be looking at lower timeframes for potential setups in the direction of the<br>overall trend.<\/p>\n\n\n\n<p>Happy Trading!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning Traders! Bank of Japan watchers and analysts are now starting to think that a change in the BOJpolicy might come sooner then expected, and yesterday we saw the Japanese Yenstrengthening against many of its trading partners. USD\/JPY One of the biggest losers was the US dollar. With US CPI reading which came in [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"none","_seopress_titles_title":"Japanese Yen on the Move | %%sitetitle%%","_seopress_titles_desc":"Stay updated on the latest movements and trends of the Japanese Yen. Explore the opportunities and insights for traders in the forex market.","_seopress_robots_index":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[146],"tags":[],"class_list":["post-24349","post","type-post","status-publish","format-standard","hentry","category-146"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.fxglobe.com\/pt-pt\/wp-json\/wp\/v2\/posts\/24349","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fxglobe.com\/pt-pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fxglobe.com\/pt-pt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/pt-pt\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/pt-pt\/wp-json\/wp\/v2\/comments?post=24349"}],"version-history":[{"count":0,"href":"https:\/\/www.fxglobe.com\/pt-pt\/wp-json\/wp\/v2\/posts\/24349\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.fxglobe.com\/pt-pt\/wp-json\/wp\/v2\/media?parent=24349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fxglobe.com\/pt-pt\/wp-json\/wp\/v2\/categories?post=24349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fxglobe.com\/pt-pt\/wp-json\/wp\/v2\/tags?post=24349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}