Subscribe To

Price Alert Latest News Economic Calendar News

USDJPY moves lower and back to swing area. Do buyers enter on the dip?

The USDJPY has moved lower as US rates move to the downside with the 2 year yield trading at 4.646%, down -6 basis points. The 10 year is at 3.720%, down -7.5 basis points.For the USDJPY, the pair broke above a key swing area ceiling between 140.22 and 140.44 in the Asian session, and then above the double top from May 29 and May 30 at 140.924. The prices spiked up to 141.497 before rotating all the way back to the downside, to retest the aforementioned swing area. The USDJPY price is also now t... Read More

Demo Live Account See Partner Details

Content Topics

Usdjpy

Moves

Lower

Back

Swing

Area

Buyers

Enter

Dip

Forex

Posted: Jun 15 2023, 14:19

Author Name: forexlive

Risk Disclosure:

Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
We would like to remind you that the data contained in this website is not necessarily real-time nor accurate.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. We and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of us and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. We may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.