USDJPY ๐ฏ๐ต 16.05.24
USDJPY ๐ฏ๐ต
16.05.24
๐ USDJPY fell 0.52% this morning. After sliding down to 153.57 yen during the day. This is the lowest point since May 6, or the lowest point in over a week. The euro/dollar rose 0.02% to $1.0884 this morning. After hitting $1.0894 during the day, This is the highest point since March 21 or the highest point in nearly two months. The euro just strengthened 0.6% yesterday. The US dollar index against a basket of currencies was stable at 104.20 in the morning. today After falling to 104.07 in the first session, its lowest point since April 9, the dollar index dropped 0.75% yesterday, the biggest drop of 2024, and the dollar index plunged. The important support line has been broken down.
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โ๏ธ Plummeting US bond yields And the selling pressure of Japanese government bonds (JGB) during this period has resulted in the spread between the US government bond yield and the 10-year JGB narrowing to nearly 0.20% this week.
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๐น As for the technical picture, today there is a chance of a new low after falling to the support area of โโ153.64 during the day, waiting for the price to rebound back up. and look for an opportunity to sell back down later.
Support - Resistance (12:00)
USDJPY
Status: Slightly Bearish
R3 155.28*
R2 154.76
R1 154.27
โโโโโโโโโโโโโโโ
S1 153.64
S2 153.00
S3 152.20
- Beam -
16.05.24
๐ USDJPY fell 0.52% this morning. After sliding down to 153.57 yen during the day. This is the lowest point since May 6, or the lowest point in over a week. The euro/dollar rose 0.02% to $1.0884 this morning. After hitting $1.0894 during the day, This is the highest point since March 21 or the highest point in nearly two months. The euro just strengthened 0.6% yesterday. The US dollar index against a basket of currencies was stable at 104.20 in the morning. today After falling to 104.07 in the first session, its lowest point since April 9, the dollar index dropped 0.75% yesterday, the biggest drop of 2024, and the dollar index plunged. The important support line has been broken down.
.
โ๏ธ Plummeting US bond yields And the selling pressure of Japanese government bonds (JGB) during this period has resulted in the spread between the US government bond yield and the 10-year JGB narrowing to nearly 0.20% this week.
.
๐น As for the technical picture, today there is a chance of a new low after falling to the support area of โโ153.64 during the day, waiting for the price to rebound back up. and look for an opportunity to sell back down later.
Support - Resistance (12:00)
USDJPY
Status: Slightly Bearish
R3 155.28*
R2 154.76
R1 154.27
โโโโโโโโโโโโโโโ
S1 153.64
S2 153.00
S3 152.20
- Beam -
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