* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Thursday, August 7, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Themed Entertainment Design – Purdue Polytechnic

    Innovative Themed Entertainment Design: Creating Immersive Experiences

    Rachael Leigh Cook and Brandon Routh ‘Happy to Have Found Each Other’ Following Respective Divorces – yahoo.com

    Rachael Leigh Cook and Brandon Routh ‘Happy to Have Found Each Other’ Following Respective Divorces – yahoo.com

    ‘Billie Jean’ – Hyde Park Herald

    The Enduring Magic Behind ‘Billie Jean’ Revealed

    Hank Hill returns to a changed world in new ‘King of the Hill’ episodes – New Haven Register

    Hank Hill Navigates a Bold New World in Thrilling New ‘King of the Hill’ Episodes

    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

    Go-to entertainment: why gaming was made for the toilet – The Guardian

    Why Gaming Is the Ultimate Way to Pass Time in the Bathroom

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology

    Improved Technology Access: A Key to Closing the Healthcare Gap for African Americans – BIOENGINEER.ORG

    LMI Expands Technology Org, Appoints New Leaders – GovCon Wire

    LMI Expands Technology Team with Dynamic New Leadership Appointments

    Midland Innovation and Technology Charter School closing down – CBS News

    Midland Innovation and Technology Charter School Closes Permanently

    Future Trends In HR Technology – Dataconomy

    Future Trends In HR Technology – Dataconomy

    Nasdaq-listed Verb Technology to build $558 million TON treasury, rebrand as TON Strategy Co. – The Block

    Nasdaq-Listed Verb Technology to Build $558 Million TON Treasury and Rebrand as TON Strategy Co

    How Tech Firms Like Google and Meta Are Embracing the Military – The New York Times

    How Tech Firms Like Google and Meta Are Embracing the Military – The New York Times

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Themed Entertainment Design – Purdue Polytechnic

    Innovative Themed Entertainment Design: Creating Immersive Experiences

    Rachael Leigh Cook and Brandon Routh ‘Happy to Have Found Each Other’ Following Respective Divorces – yahoo.com

    Rachael Leigh Cook and Brandon Routh ‘Happy to Have Found Each Other’ Following Respective Divorces – yahoo.com

    ‘Billie Jean’ – Hyde Park Herald

    The Enduring Magic Behind ‘Billie Jean’ Revealed

    Hank Hill returns to a changed world in new ‘King of the Hill’ episodes – New Haven Register

    Hank Hill Navigates a Bold New World in Thrilling New ‘King of the Hill’ Episodes

    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

    Go-to entertainment: why gaming was made for the toilet – The Guardian

    Why Gaming Is the Ultimate Way to Pass Time in the Bathroom

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology

    Improved Technology Access: A Key to Closing the Healthcare Gap for African Americans – BIOENGINEER.ORG

    LMI Expands Technology Org, Appoints New Leaders – GovCon Wire

    LMI Expands Technology Team with Dynamic New Leadership Appointments

    Midland Innovation and Technology Charter School closing down – CBS News

    Midland Innovation and Technology Charter School Closes Permanently

    Future Trends In HR Technology – Dataconomy

    Future Trends In HR Technology – Dataconomy

    Nasdaq-listed Verb Technology to build $558 million TON treasury, rebrand as TON Strategy Co. – The Block

    Nasdaq-Listed Verb Technology to Build $558 Million TON Treasury and Rebrand as TON Strategy Co

    How Tech Firms Like Google and Meta Are Embracing the Military – The New York Times

    How Tech Firms Like Google and Meta Are Embracing the Military – The New York Times

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

USD/JPY goes on a roller-coaster ride prompted by geopolitical risk

April 20, 2024
in Business
USD/JPY goes on a roller-coaster ride prompted by geopolitical risk
Share on FacebookShare on Twitter

USD/JPY whipsaws lower and then higher on alternating risk-on risk-off caused by Middle East tensions. 
Governor Ueda talks about defending the Yen from further weakness and currency-induced imported inflation. 
USD/JPY price chart shows bearish Hanging Man forming, boding ill for future price action. 

USD/JPY is trading in the 154.50s on Friday after declining to a low for the day in the 153.00s on the back of a spike in safe-haven demand that disproportionately favored the Japanese Yen (JPY). 

An escalation in Middle East tensions, triggered a flight to safety overnight after news  of bomb explosions in Iran. The attacks were thought to be orchestrated by Israel in retaliation for the drone armada sent by Iran on April 13. 

Although the US Dollar benefited from the flight to safety, JPY gained more from the shift in sentiment, pushing down USD/JPY which expresses the number of Japanese Yen purchasable with one US Dollar. 

The pair subsequently recovered as tensions eased, however, and a senior Iranian official reportedly stated Iran has no immediate plans to retaliate, according to Reuters. 

Inflation ticks lower but Ueda adopts hawkish tone

On the data front, the Japanese National Consumer Price Index (CPI) for March increased by 2.7% year-over-year, compared to a 2.8% rise in February, according to the Japan Statistics Bureau. 

Despite the decline in inflation observed in the data, however, the Governor of the Bank of Japan (BoJ) Kazuo Ueda issued hawkish rhetoric supporting the Japanese Yen. Ueda said the central bank might consider raising interest rates again if significant declines in the Yen caused currency-related inflation, according to Reuters.

Technical Analysis: USD/JPY looks to post bearish Hanging Man pattern

USD/JPY looks like it may be positing a bearish Hanging Man candlestick pattern on Friday (circled) assuming the close does not differ markedly from the current market price. 

If the Hanging Man completes and is followed by a bearish candlestick on Monday it will confirm a short-term bearish reversal pattern and indicate lower prices are likely to follow. 

USD/JPY Daily Chart

A Measured Move price pattern, composed of three waves, commonly labeled A, B and C has been unfolding since the start of March. 

The general rule with these patterns is that the end of wave C can be estimated as occurring  where wave C is equal in length to wave A, or a Fibonacci ratio of wave A. At the very least C normally extends to a 0.618 ratio of A. 

USD/JPY has already reached the conservative estimate for the end of wave C at the Fib. 0.618 extension of A, at 154.20. This means there is a possibility C may have reached its limit and the Measured Move could be complete.

Once the Measured Move completes it is usually followed by a reversal, which in this case means a decline.  

If the end of C equals A, however, it still has higher to go and could reach roughly 156.11. 

The Relative Strength Index (RSI) is in overbought territory, suggesting the risk of a pullback is on the horizon. The advice is for bullish traders with a medium-term outlook to not add to their positions. If RSI exits overbought it may be a sign USD/JPY is pulling back. 

A break above the 154.78 high could indicate a continuation of the uptrend to the next target at the more 156.11 optimistic end of wave C. 

Alternatively, further weakness could lead to a correction back to support at the top of wave A, at 151.96.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : FXStreet – https://www.fxstreet.com/news/usd-jpy-goes-on-a-roller-coaster-ride-prompted-by-geopolitical-risk-202404191419

Tags: businesspromptedroller-coaster
Previous Post

Oil steady around weekly low while markets are unwinding risk premium over tension in Middle East

Next Post

“Dumble would refuse to build them for a lot of people, but for whatever reason, he agreed to make four for me”: Pearl Jam used Dumble amps on new album Dark Matter, reveals producer Andrew Watt

‘Icy cool’: How Claudia Sheinbaum is navigating Trump’s new world order – Politico

Icy Cool’: How Claudia Sheinbaum Is Navigating the Challenges of a New Global Era

August 7, 2025
The U.S. Economy Is Stumbling Badly – Washington Monthly

The U.S. Economy Confronts Major Challenges Ahead

August 7, 2025

SM Entertainment revenue up, concert earnings flat – IQ Magazine

August 7, 2025
Has the Trump administration made America healthier? – EWG

Did the Trump Administration Improve America’s Health?

August 7, 2025
Keep party politics out of courtroom – Hungry Horse News

Protect Justice from Politics: Guaranteeing Fairness for Everyone in the Courtroom

August 7, 2025
A general rule on the organization of biodiversity in Earth’s biogeographical regions – Nature

Unveiling the Hidden Secrets of Biodiversity Across Earth’s Biogeographical Regions

August 7, 2025
Students visit Robinson Gardens for science fair – Beverly Press & Park Labrea News

Students Dive into Nature and Uncover the Wonders of Science at Robinson Gardens Fair

August 7, 2025
The Last Trip: A Husband’s POWERFUL Message After Unexpected TRAGIC Loss – RV Lifestyle

The Last Trip: A Husband’s POWERFUL Message After Unexpected TRAGIC Loss – RV Lifestyle

August 7, 2025

Improved Technology Access: A Key to Closing the Healthcare Gap for African Americans – BIOENGINEER.ORG

August 7, 2025
As youth sports grow more intense, some coaches and officials struggle with parent behavior – MPR News

As youth sports grow more intense, some coaches and officials struggle with parent behavior – MPR News

August 7, 2025

Categories

Archives

August 2025
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (758)
  • Economy (782)
  • Entertainment (21,659)
  • General (16,331)
  • Health (9,821)
  • Lifestyle (791)
  • News (22,149)
  • People (782)
  • Politics (791)
  • Science (15,995)
  • Sports (21,278)
  • Technology (15,761)
  • World (764)

Recent News

‘Icy cool’: How Claudia Sheinbaum is navigating Trump’s new world order – Politico

Icy Cool’: How Claudia Sheinbaum Is Navigating the Challenges of a New Global Era

August 7, 2025
The U.S. Economy Is Stumbling Badly – Washington Monthly

The U.S. Economy Confronts Major Challenges Ahead

August 7, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version