Japanese Yen remains weaker as business activity shows signs of contraction

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 20 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 72%

USDJPY اخبار

SEO,Majors,Macroeconomics

The Japanese Yen (JPY) continues to hold losses on Wednesday, remaining near its low of 161.75, a level not seen since 1986, recorded in the previous session.

The USD/JPY pair holds its position near a 38-year high of 161.75. The Jibun Bank Japan Services PMI was revised downward to 49.4 in June, marking a reversal from May's 53.8. The US Dollar edges higher due to a recovery in yield on 2-year Treasury bond. The Japanese Yen continues to hold losses on Wednesday, remaining near its low of 161.75, a level not seen since 1986, recorded in the previous session.

The daily chart analysis indicates a bullish bias, with the pair holding ground near the upper boundary of an ascending channel pattern. However, caution is advised as the 14-day Relative Strength Index is above 70, signaling overbought conditions and suggesting a possible correction in the near term. The USD/JPY pair might test the upper boundary of the ascending channel near 161.80.

 

از نظر شما متشکرم. نظر شما پس از بررسی منتشر خواهد شد.
این خبر را خلاصه کرده ایم تا بتوانید سریع آن را بخوانید. اگر به خبر علاقه مند هستید، می توانید متن کامل را اینجا بخوانید. ادامه مطلب:

 /  🏆 14. in İR

ایران آخرین اخبار, ایران سرفصلها