Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
USD/JPY: market still moving sideways
Information is not investment advice
The market is still moving sideways. There's a bullish 'Doji' pattern, which has been confirmed. Thus, the pair is likely going to test the upper 'Window' (112.54). The subsequent pullback from this level could be a starting point for a downward correction in the direction of the lower 'Window' (109.38).
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.
Many investors treated gold as a protection against inflation. However, last week, gold lost its major support and dropped despite rising inflation. Why did it act like this?