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Japanese Yen: USD / JPY (JPY = X) Rises on High Inflation
The second biggest development of last week was the rise in Japanese yields. It began with rumors that the BoJ is considering changing the policy as part of controlling the yield curve.
Under the YCC, it targets a 10-year JGB yield at 0%. And BoJ could raise the target to 0.1%. The 10-year JGB yield ended the week up 0.065% to 0.10%. This happened after reaching 0.113, the highest in more than a year. That's the main reason that pushed the Japanese Yen higher than the second strongest last week.
It is not known who started everything, American yield or Japanese yield, or it's just a parallel development in coincidence. The US 10-year yield (TNX) reached 2.988 before closing at 2.960. Despite a strong Q2 GDP report, TNX appeared to be struggling to break the 3.0 mark.
Although, in the short term, a new rise is expected as long as last week's low at 2.928 is maintained. The current rebound is still in favor of a revision at a higher level of 3.115
Overall, the price bias is: Sideways
The projected upper bound is: 112.21
The projected lower limit is: 109.86. ] The expected closing price is: 111.04
Candlesticks
A black body has occurred (because the closed prices lower than they opened) .
During the last 10 bars, there were 2 white candles and 8 black candles for a net of 6 black candles. Over the past 50 years, there have been 23 white candles and 27 black candles for a net of 4 black candles.
Momentum Indicators
Momentum is a general term used to describe the rate at which prices spend a given period of time. Generally, changes in dynamics tend to result in price changes. This expert shows the current values of four popular momentum indicators
Stochastic Oscillator
A stochastic oscillator interpretation method is the search for overbought areas (above 80) and oversold areas (less than 20). The stochastic oscillator is 25.6363. This is not an overbought or oversold reading. Last Signal Was Purchased 1 Year (s) ago
Relative Strength Index (RSI)
RSI Shows Overbought (Over 70) and Overbought (Under 30) Areas ). The current value of the RSI is 48.10. This is not a trim or background area. A buy or sell signal is generated when the RSI leaves an overbought / oversold area. The last signal was sold 6 period (s)
Commodity Channel Index (CCI)
The ICC displays overbought (above 100) and oversold (under-100) ). The current value of the ICC is -82. This is not a trim or background area. The last signal was sold 6 period (s)
MACD
The Moving Average Convergence / Divergence Indicator (MACD) gives signals when it crosses its 9-period signal line. The last sign was sold 4 months ago
Rex Takasugi – TD Profile
FOREX JPY = closed -0.190 to 111.030. The volume was 1% lower than the average (neutral) and the Bollinger bands were 16% wider than normal
Open Up Low Low Volume ___
111.210 111.240 110.780 111.030 103.059
Technical Outlook
Short Term: Neutral
Intermediate term: bearish
Long Term: bullish
Arable Averages: 10 periods 50 periods 200 periods
Close: 111.75 110.57 110.08
Volatility: 7 7 8
Volume: 107,757 106,051 106,795
Short-term traders should pay more attention to buy / sell arrows while mid / long-term traders should put more emphasis on the trend bullish or bearish reflected in the lower ribbon.
JPY = is currently 0.9% above its 200-period moving average and is trending downward. Volatility is Our volume indicators reflect the volume in and out of the JPY = at a relatively equal (neutral) rate. Our trend forecast oscillators are currently bearish on JPY = and have had this outlook for the last 0 periods.
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