JAPANESE YEN INDEX
The Japanese Yen index (JXY) has been on a long term bearish trend. Recent intervention by the BoJ has lifted the Yen. On the weekly charts, the Yen has broken a key level indicating a shift in order flow.
Price is expected to push higher to mitigate supply zones. In the short term, we expect the Yen to decline before resuming the bullish move. Consequently, majority of cross Yen pairs will push higher as the Yen index moves lower. Thereafter we expect the Yen to strengthen possibly towards the end of 2024.
Price is expected to push higher to mitigate supply zones. In the short term, we expect the Yen to decline before resuming the bullish move. Consequently, majority of cross Yen pairs will push higher as the Yen index moves lower. Thereafter we expect the Yen to strengthen possibly towards the end of 2024.
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.