Technical Analysis

USDJPY rebounds with the dollars move higher

200 hour MA approached

Add the USDJPY to currency pairs where the dollar is rebounding.

  • The EURUSD is at the lows
  • The GBPUSD is at the lows
  • The AUD is at the lowest level since January 2017
  • The NZDUSD is trading at the lows for the day.
  • The USDCAD is pushing the highs
  • The USDMXN is trading at the highs. 
  • The USDCHF is pushing to new highs

The USDJPY is not near the high, that came in at 111.125, but is approaching it’s 200 hour MA at 111.038 and the broken 38.2% at the same level. 

Trump’s comment that it is my way or the highway, has pushed the dollar higher as he puts the squeeze on.  

How it all plays out in the short, medium and long term is anyone’s guess, but the dollar buyers like it for now. 

ForexLive

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