The US dollar has been tumbling against the Japanese yen for some time, albeit at a steady pace. The price finally broke through again
and settled below the 104.00 level during the trading session on Thursday, which is the first sign that the price is finally ready to go down. However, there are several reasons why this could happen, not the least of which is the incentive policy. But what if it's more than that? After all, the Japanese yen is considered a safe asset, so this situation has become something of a "perfect storm" for the pair, because there are so many factors that can encourage traders and investors to rush to the yen, and accordingly USDJPY to new lows.
The yen is a popular asset in turbulent times. Looking at the charts, the market is likely to experience continued negative pressure in the medium to longer term. This suggests that the price can go down to the level of 102.20, since this is what the current movement suggests.
We keep in mind the publication of data on the labor market in the United States.
and settled below the 104.00 level during the trading session on Thursday, which is the first sign that the price is finally ready to go down. However, there are several reasons why this could happen, not the least of which is the incentive policy. But what if it's more than that? After all, the Japanese yen is considered a safe asset, so this situation has become something of a "perfect storm" for the pair, because there are so many factors that can encourage traders and investors to rush to the yen, and accordingly USDJPY to new lows.
The yen is a popular asset in turbulent times. Looking at the charts, the market is likely to experience continued negative pressure in the medium to longer term. This suggests that the price can go down to the level of 102.20, since this is what the current movement suggests.
We keep in mind the publication of data on the labor market in the United States.
Trade closed: target reached:
104.34