USD/JPY Rate Holds on to Support Ahead of FOMC


USD/JPY keeps surging since the beginning of the month despite the recent pullback in US Treasury yields, and the bullish momentum underlying the exchange rate looks poised to persist as long as the RSI holds above 70.

As a result, USD/JPY might test the August 1998 high (147.67) as Federal Reserve Vice-Chair Lael Brainard warns that “monetary policy will need to be restrictive for some time.” Expectations for higher US interest rates may keep the exchange rate high ahead as the central bank seems to be on track to retain its current approach to combating inflation.

The USD/JPY might continue to track the positive slope in the 50-Day SMA (136.67) amid the diverging paths between the FOMC and the Bank of Japan (BoJ), though the Fed’s next direction is yet to be seen ahead of the FOMC.

Until then, USD/JPY may continue to appreciate amid speculation for another 75bp Fed rate hike, while the tilt in retail sentiment looks poised to persist as traders have been net-short the pair for most of 2022.

This Post Has 3 Comments

  1. Rastrear Celular

    Como identificar um cônjuge traindo um casamento? Aqui estão alguns exemplos de parceiros infiéis.

  2. sklep

    Wow, fantastic weblog structure! How long have you ever been blogging
    for? you made blogging look easy. The full look of your site is great,
    let alone the content! You can see similar here
    sklep internetowy

Leave a Reply

Important Link

Fund Your Deriv Account
Withdraw Funds to Your Local Currency
VIP Trading Signals
Learn To Trade

Contact Us

Follow Us


Forex, Crypto, Options, and Binary Options have both large potential rewards and large potential risks. Therefore, before investing or trading any of the assets, ensure you are aware of and willing to accept the accompanying risks. Do not trade money you cannot afford to lose.

All Rights Reserved. None of the content of this website can be published elsewhere by any means without the prior consent of the owner(s). Please, check our terms & conditions and privacy policy before continuing to use this website.

This website and its owner(s) are not in any way liable for any incurred loss, whether caused by the information provided on this website or otherwise. The use of this website, including the content and information provided, is the user’s sole liability.