USDJPY - CURRENT SENTIMENT , FUNDAMENTAL BIAS
#USDJPY
- As of last day, the MARKET SENTIMENT for USD was slightly UP SIDE. The main reason for that is the JPY starting to weaken and the short-term POSITIVE SENTIMENT against the dollar. It came with the NFP REPORT. The dollar weakened slightly after the FOMC last time. But the FED can raise the RATE HIKE or their CEILING RATE whenever necessary. Anyway, it was mentioned in the previous MEETING that the FED is still MONITORING INFLATION DATA.
- All MARKETS including STOCKS and COMMODITIES are going down slightly due to MARKET RISK OFF.
- There is definitely a high possibility that USDJPY will go UP a bit more and move to 137.91 LEVEL. Anyway, USDJPY price can go down to 129.52 level before that. We focus on MARKET UPDATES and MARKET SENTIMENT. Follow the given MARKET STRUCTURE.
- As of last day, the MARKET SENTIMENT for USD was slightly UP SIDE. The main reason for that is the JPY starting to weaken and the short-term POSITIVE SENTIMENT against the dollar. It came with the NFP REPORT. The dollar weakened slightly after the FOMC last time. But the FED can raise the RATE HIKE or their CEILING RATE whenever necessary. Anyway, it was mentioned in the previous MEETING that the FED is still MONITORING INFLATION DATA.
- All MARKETS including STOCKS and COMMODITIES are going down slightly due to MARKET RISK OFF.
- There is definitely a high possibility that USDJPY will go UP a bit more and move to 137.91 LEVEL. Anyway, USDJPY price can go down to 129.52 level before that. We focus on MARKET UPDATES and MARKET SENTIMENT. Follow the given MARKET STRUCTURE.