The rumor has it that rise of interest rates can be a lot sooner than expected, tacking 50 bps above neutral. Although no one knows what the neutral rate is including central bank, we assume that it is 3%. That's 3.5% on the long end. Anyhow, this pair seems to be supported on the daily trend line and with Retails Sales report due tomorrow, it could boost the dollar even higher.
Happy Trading, folks!
Cheers!
Happy Trading, folks!
Cheers!
Note
Note
USDJPY is currently supported by 200 period moving average on the 4hr Note
Hello all, here's an update on USDJPY. Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.