Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
EUR/JPY is in doubts
Information is not investment advice
On H1 of EUR/JPY, the pair rebounded from lows at 117.80 and moved up. However, the pair touched the resistance at 118.43, that may prevent the further rise. A move up may be confirmed if the pair breaks above 118.59, the target will be located at 118.80.
If the situation changes, the slide may be expected at 118.20 with the aim at 118.02. In the case of the breakthrough, pay attention to the level of 117.80.
Inflation in New Zealand is the highest since 1990, edging to 7.3% in Q2 2022. The currency is under heavy pressure as the Reserve Bank of New Zealand is trying to reverse the inflationary spiral. The week ahead will give us a valuable clue about the country’s monetary policy, and we are here to talk about that.
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD.
The US dollar index has all chances of reaching the 2000s high of 120.00.