This article was first published on Orbex Forex Trading Blog.
- -
This content is synced from the rightful owners. Copyright on text and images belong to the original source.
- -

technical analysis

Major Volatility Risk in USDJPY This Week

It could be an interesting week indeed for USDJPY. With both the Fed and rate decisions due there is likely to be plenty of volatility. The Fed is expected to cut while the BOJ has signaled in recent days that it might refrain from easing at this point. However, such guidance could be a tactic to allow room for the bank to surprise the market, creating more impact from easing. Plenty to watch this week.

Test your strategy on how the JPY will fare with Orbex - Open Your Account Now. 

Technical Perspective

USDJPY has fallen back under the 108.72 level which means that there is the risk of a move back down to the bottom of the range at 108.50. However, ahead of that level, we have support coming in from the rising trend line from October lows.  While this trend line remains intact, focus is on a further move higher an eventual push beyond the 108.72 level.


US Rate Cut Expectations Driving SPX500

So in terms of the fundamentals driving SPX500 at t...

To keep reading this article, please navigate to: Orbex Forex Trading Blog.