The dollar continues its triumphal march | 15 April 2024

15 April 2024, USD/JPY

The dollar continues its triumphal march

An event to look out for today:

15:30 GMT+3. USD - Change in retail trade volume

USDJPY:

The Japanese Yen (JPY) came under renewed selling pressure on Monday and fell to a new multi-decade low against its US counterpart during the Asian session. The Bank of Japan's (BoJ) cautious approach and the uncertain outlook for future rate hikes proved to be the key factor that continues to undermine the Yen. Bearish traders remain vigilant and refrain from aggressive bets amid recent warnings of Japanese authorities showing willingness to intervene in the market to support the national currency.

The US Dollar (USD) is holding near its highest level since early November and remains supported by expectations that the Federal Reserve (Fed) may delay interest rate cuts. The Fed's hawkish expectations, meanwhile, suggest that the rate differential between the US and Japan will remain significant for some time and support the prospects for further USD/JPY strength in the near term.

Trade recommendation: Trade mainly with Buy orders from the current price level

Up to $20 for each lot in real money - get a guaranteed income by connecting Cashback promotion!

David Johnson
Analyst of «FreshForex» company
Setuju dengan review?
opini pedagang:
Close
Masuk
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.
manager photo manager photo
Online-support
Dengan senang hati, kami akan menjawab pertanyaan Anda

Tulis

Get bonus