Dollar/yen finally breaks the cycle high of 114.37, trading at a new high of 114.46. Is this move for real? It is still awaiting confirmation. In any case, In any case, the pair extends its rise along the steep uptrend support line. The next high is 115.35, which was the high level in March. Beyond that point, 116 and 117 are the next caps. To the downside, we find 113.50, followed by 112.75. More: USD/JPY forms double-top at a critical level – break or bounce? The Bank of Japan continues buying Japanese bonds with newly created money. The Federal Reserve has recently raised rates and intends to begin reducing its balance sheet later this year. Monetary policy divergence takes its toll on the yen and the authorities in Tokyo are probably delighted. There is a general “risk on” atmosphere in markets: stocks are on the rise in Asia, and this goes hand in hand with John Williams of the Federal Reserve expressed his satisfaction from the US economy but also said that if inflation remains low, it will warrant slower tightening. Here is how it looks on the chart: Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next BOC: To hike or not to hike? Yohay Elam 6 years Dollar/yen finally breaks the cycle high of 114.37, trading at a new high of 114.46. Is this move for real? It is still awaiting confirmation. In any case, In any case, the pair extends its rise along the steep uptrend support line. The next high is 115.35, which was the high level in March. Beyond that point, 116 and 117 are the next caps. To the downside, we find 113.50, followed by 112.75. More: USD/JPY forms double-top at a critical level - break or bounce? The Bank of Japan continues buying Japanese bonds with newly created money. The Federal Reserve… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
