Tag - jpy - japanese yen

As we can see from the economic calendar, there is no significant data today…

Fed, BOJ, and BOE will meet this week to announce their interest rates.

Trade ideas on December 17-21

On the daily chart of USD/JPY, the triangle and "Spike and Ledge" patterns based on 1-2-3 are implemented.

On the daily chart of EUR/JPY, the consolidation as a part of the "Broadening Wedge" and "Shark" patterns' implementation continues.

Trade EUR, GBP, and JPY on December 10

As the market is waiting for the release of the American Nonfarm Payrolls (NFP), let’s pick a currency pair that will definitely show a big reaction to this event.

On the daily chart of USD/JPY, bears try to move the pair outside the triangle and lower border of the upward channel.

On the daily chart of EUR/JPY, there are implementations of the "Broadening wedge" and "Shark" patterns (88.6% target).

The Japanese yen gained on Wednesday and Thursday against the US Dollar on the comments from the Federal Reserve Chairman Jerome Powell.

Let’s get into the fundamental factors which have an impact on the key currencies…

AUD/JPY is testing levels above the 50-week MA at 82.79.