Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
USD/JPY: bullish 'Doji'
Information is not investment advice
There're bearish patterns such a 'Shooting Star' and a 'Harami', so the price is declining. At the same time, we've got a bullish 'Doji', which is likely going to be confirmed soon. This, we're going to have a local upward correction towards the nearest resistance at 111.26. The subsequent pullback from this level could be a starting point for a decline in the direction of the previously tested support at 109.37 be the lower 'Window'.
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.