- The weekly forecast for USD / JPI indicates improving risk appetites.
- Now they said it was ready to lower lower to China at 50% and start negotiations.
- The market participants will focus on the Japanese Meeting of the Meeting of Japan.
The weekly forecast for USD / JPI was bikala such as improving the risk appetite on a safe ya, pushing a pair higher.
UPS and USD / JPI drops
Star for USD / JPI had a biking week like the dollar buried, and yen lost a complaint at a safe haven. Greenback has recovered as a peaceful returned to most American markets. Trump stopped his earlier attacks on Fed, returning faith to the independence of the Central Bank.
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At the same time, trading tensions between China and the United States had facilitated. Now they said it was ready to lower lower to China at 50% and start negotiations. Meanwhile, China was ready to free some American goods from tariffs. As a result, the recession concerns easier, strengthening the dollar. At the same time, the risk of appetite was improved, Safe Jen injured.
Key events next week for USD / JPI
Next week, the United States will release crucial data on economic growth, business activity and employment. Moreover, market participants will focus on the Bank of Japan’s politics.
Traders will focus on the American monthly report on the employment of a deterioration sign in the American economy. Experts believe that Trump tariffs injure the American economy. Meanwhile, fed policy makers are waiting for this evidence. Therefore, the declining report will increase expectations from reducing the feedback rate, pushing USD / JPI lower.
Meanwhile, economists expect the Bank of Japan to retain interest rates on Thursday.
Weekly USD / JPI Technical Forecast: The bulls are close to 30 SMA resistance
On the technical page, the USD / JPI price refused after reaching support level 140.01. However, it still trades below the 22nd, which indicates that bears remain in lead. At the same time, RSI is under 50, suggests that a solid bear is a swing.
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The bears held Tatalian down because they took over near the level of 158.05. The price is mainly traded below the 22-SMA and RSI below 50. Moreover, USD / JPI is consistently consistently consistently lower and lower. If this trend continues, the price will respect SMA as resistance and bounce down.
Even if it breaks, SMA will not move to the bear trend. Pause below support 140.01 will strengthen the bear bias and continues with the start. Meanwhile, the trend can only be changed if the price breaks above SMA and trendline resistance.
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