Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
USD/JPY: price to test nearest support
Information is not investment advice
There're bearish patterns such a 'Shooting Star' and a 'Harami', which both have been confirmed. In this case, it's likely that the price is going to test the nearest support at 110.51 in the coming days. If a pullback from this level happens next, bulls will probably try to reach the upper 'Window' (112.65), which could be a starting point for a downward correction.
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.