USD/JPY reacts to US news

Note: This section contains information in English only.
Source: Dukascopy Bank SA


US statisticians have published consumer price index and retail sales data sets. Both inflation and consumer shopping were expected to have increased. In general, the data showed that prices have risen less than expected. However, retail sales are unchanged. US Dollar reacted to the news by plummeting.

It resulted in the USD/JPY dropping to the 154.50/154.80 zone. The zone acted as support, before forcing the pair to retrace back up to levels near 155.50.

A resumption of the prior surge would face resistance at 156.00/156.30. Take into account that this range is strengthened by the 50 and 100-hour simple moving averages. Higher above, the 156.50 level is set to act as resistance.

On the other hand, a decline of the pair could look for support in the mentioned 154.50/154.80 zone. Further below, note the 154.00 mark and the weekly S1 simple pivot point at 153.70.
Back to articles

Actual Topics

Wed, 15 May 2024 15:36:02 GMT

Gold reaches new high level

In general, gold continues higher. The price got a boost from the US Consumer Price Index and US Retail Sales, which weakened the USD. After the Wednesday's data release, the metal was steadily heading higher. During Wednesday's trading, the 2,380.00 was passed and the metal headed to the 2,400.00 mark. A move above 2,400.00 could be slowed down by the

Wed, 15 May 2024 13:21:25 GMT

GBP/USD books new high

The surge of the GBP/USD has continued due to the prior momentum. On Wednesday, the lower than expected US CPI boosted the move. In the near term future, the pair could approach the 1.2700 mark. A move above 1.2700 is expected to be slowed down by the combination of the weekly R3 simple pivot point at 1.2745 and the 1.2750

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.