USD/JPY: Triangle Pattern Developing, Downward Correction Underway

USD/JPY: Triangle Pattern Developing, Downward Correction Underway Current Trend The USD/JPY pair is undergoing a corrective decline at 142.37. Supported by macroeconomic statistics, the yen is regaining strength. In July, total wages increased by 3.6%, exceeding the forecast of 3.0%, but overtime pay decreased from 0.90% to -0.10%. The positive wage movement is one of […]

End-of-Month Market Volatility: Awaiting Key Events

End-of-Month Market Volatility: Awaiting Key Events This week, with the month-end approaching, the market has been unstable and directionless. Following Powell’s remarks last weekend, there has been a continuation of dollar selling, but at the start of the week in Tokyo, USD/JPY fell to 143.45 before showing signs of stabilizing. Additionally, oil prices briefly rose […]

Will USD/JPY Maintain Its Steady Tone?

Will USD/JPY Maintain Its Steady Tone? In the Tokyo market, USD/JPY rebounded from its lows, with risk appetite triggering yen selling. The pair continues to lack a clear directional trend, but with support confirmed around the 145 yen level, the risk of upward movement seems to be increasing. This Friday, BOJ Governor Ueda is scheduled […]

USD/JPY: Tokyo Core Consumer Price Index Rises 0.2% in July

Current Trends The USD/JPY pair is trading around 153.65. The yen is maintaining a stable level, supported by neutral macroeconomic statistics in the current situation. The Consumer Price Index (CPI) for the Tokyo region adjusted to 2.3% year-over-year, with the core CPI, which excludes fuel and food, rising from 2.1% to 2.2%. The Corporate Service […]