- Analiza
- Novosti i instrumenti
- Vesti sa tržišta
- USD/JPY: Near term oversold but bias to sell rallies – OCBC
USD/JPY: Near term oversold but bias to sell rallies – OCBC
Recent decline in USD/JPY shows tentative signs of taking a pause but the decline has also seen a recoupling of USD/JPY back to UST-JGB yield differentials, OCBC FX strategists Frances Cheung and Christopher Wong note.
USD/JPY trades bearishly towards the 153.66 support
“During the period of May - Jul, USD/JPY has gone one way higher while UST-JGB yield differentials narrowed – a decoupling of its traditionally positive correlation – which was unusual. The recent sharp decline in USD/JPY has somewhat reset that anomaly. And if we do expect USD/JPY to play catchup to the historical correlation with UST-JGB yield differentials, then USDJPY may still have room to trade lower.”
“The combination of BoJ policy normalization and Fed possibly cutting rate in due course is a case of monetary policy convergence and should underpin USD/JPY downside. The risk is that BoJ fails to live up to expectations and USDJPY risks a sharp correction upwards. Bearish momentum on daily chart intact while RSI fell into near oversold conditions.”
Cautious of rebound risks for USDJPY from oversold conditions but at the same time, JPY shorts remain at record and uncertainty may see continued unwinding of stretched short position in JPY. Bias to fade rallies. Resistance at 155.50 (100 DMA), 156.80 (76.4% fibo). Support at 153.66 (61.8% fibo retracement of 2024 low to high), 151.60 (200DMA) and 151.10 (50% fibo).
© 2000-2024. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.
Банковни транcфери
