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The FXGT Blog
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USD/JPY
27 September 2024
USDJPY: Navigating Technical Downtrend Amid Rate Gap Pressures
The USDJPY has been in a downtrend since peaking at 161.941 on July 3, driven by technical factors like a failure swing reversal and a bearish EMA crossover. After reachi...
18 September 2024
Global Markets Brace for Key Interest Rate Decisions Amid USD/JPY Downtrend
This week's high-impact economic events feature key interest rate decisions and economic indicators from major economies, including the UK, USA, New Zealand, Australia, J...
Forex Trading
Beginner
8 August 2024
Bitcoin Nears $100K Amid Key Economic Data and Trump's Crypto Shake-Up
Major economic data releases, including U.S. Retail Sales and Unemployment Claims, along with the UK's Retail Sales figures, are set to influence market trends and curren...
24 July 2024
USDJPY Tumbles for Fourth Consecutive Week Ahead of BoJ Meeting
The USD/JPY has been on a decline for the fourth consecutive week amid rumors of BoJ intervention and ahead of their corresponding policy meeting next week. The exchange ...
15 July 2024
Dollar Drops to Five-Week Low on September Rate Cut Bets
The US Dollar Index (DXY) recently dipped to five-week lows near 104.00, primarily due to declining US yields and an overall improvement in risk sentiment.
12 July 2024
Markets React to First Negative MoM Inflation Print Since 2020
This marks the third straight month with declining CPI inflation. This trend of declining CPI inflation, combined with a cooling labour market, puts pressure on the Fed t...
Forex Trading
Beginner
12 July 2024
What are the nicknames for Currency Trading Pairs: Ninja, Cable, Loonie and more?
Representative and memorable nicknames have been a part of trading culture for years. Nowadays, it’s common to hear slang names such as the ‘Cable,’ ‘Chunnel,’ or ‘Swissy...
28 June 2024
USD/JPY Surges to Historical Highs: Japanese Authorities Hint at Intervention
On Friday morning, the dollar surged to its highest level against the yen since 1986, prompting Japanese authorities to express concern about the yen's decline.
14 June 2024
Yen Falls to One-Month Low After BoJ Maintains Bond-Buying Pace
The Japanese Yen remains under selling pressure on Friday as markets assess the Bank of Japan's (BoJ) monetary policy announcements.
13 June 2024
Weaker PPI and Higher Jobless Claims Contradict Fed's Steady-For-Longer Stance
The Producer Price Index (PPI) for final demand in the US increased by 2.2% on a yearly basis in May, as reported by the US Bureau of Labor Statistics.
13 June 2024
US Dollar Drops on Lower CPI, Rebounds Post-Fed Press Conference
The US dollar had a turbulent day yesterday, influenced by major news events.
30 May 2024
Japanese Yen Strengthens as BoJ Board Member Signals Potential Rate
The Japanese Yen strengthened following remarks from Bank of Japan (BoJ) board member Seiji Adachi. He indicated support for raising interest rates if a weaker Yen leads ...
16 May 2024
Japan’s GDP Contraction Highlights Yen Weakness and Economic Challenges
USD/JPY is currently trading at ¥154.60, down 1.30% from this week's high. The pair experienced selling pressure following the release of softer US CPI data but managed t...
13 May 2024
Japanese Yen Under Pressure Ahead of GDP Report
Yen Weakness Continues: The Japanese yen continues to face downward pressure, nearing ¥156.00 against the US dollar, as the market anticipates the release of Japan's GDP ...
29 April 2024
Japanese Yen Surges 500 Pips in Dramatic Reversal Amid Intervention Speculation
The Japanese Yen made a significant comeback after the USD/JPY pair reached the critical ¥160.00 level during Monday's Asian session, marking the yen's lowest point since...
25 April 2024
Decisive Moments for the Yen: BoJ Meeting and US Economic Indicators in Play
As the Bank of Japan (BOJ) commenced its two-day rate-setting meeting on Thursday, the yen remained notably weak, breaking above the ¥155 per dollar mark —a level not see...