Is the USD/JPY 150 barrier being watched? Looking to buy on dips
Dollar/Yen 15-minute chart
As expected, 150 yen is being watched
Looking at the 1-hour chart, this is how it looks
Yesterday's scenario (4-hour chart). The orange line represents the expected movement (prices are viewed roughly)
We view this as a short-term pullback and aim for a rebound
From the pivot line, around 149.584, perhaps?
I'm concerned about Middle East tensions, but Israel
continues bombing Beirut,
but for now there is silence on Iran.
China's economic measures were announced over the weekend,
Hong Kong stocks down 0.75%, Shanghai up 2.07%,
reactions are mixed
With strong U.S. economic data continuing, the possibility of a Fed rate cut
being skipped has come to light,
President Kashkari of the Minneapolis Fed stated
that over the next two FOMC meetings within 2 years,
he expects 0.25 percentage point cuts at each meeting
It’s a delicate tug-of-war
Also, the probability of President Trump winning has risen,
in the market, moves prepared for President Trump
are beginning to emerge. A dollar-strength scenario.
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