FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY             has gone high during the last 4 days. And it looks like the time for profit taking is not far away. To understand when to wait for it, we need to understand the key drivers for the pair at the moment.
First, Treasury yields keep rising and pushing USD higher, and we need just watch the trend. Second, Trump promises. Now we have second round of hopes – corporate tax reduction that business has been waiting for so long. But as usual, it’s just words.
Additional details of the future bill are planned for announcement on September, 25th. And it sound familiar. Somewhere in early January Trump announced of new reforms, then announced of the time of the detailed plan, and then just forgot about all that.
The conclusion – we need to wait till market optimism fades away, and everybody understands that there is a long way between the words and deeds.
Most likely, USDJPY             profit taking will start by the end of Friday. Especially if the scheduled for today CPI             and scheduled for tomorrow retail sales reports prove to be worse than expected.
The nearest target for USDJPY             is at 109.70.
English (UK)
English
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out