Our mission is to help you obtain financial freedom. Checkout Our Youtube Channel Checkout Our Youtube Channel
Blog

USD/JPY Trading Near Support Headed Into Sept. 20 BOJ Decision

Today the U.S. Federal Reserve will receive a lot of attention for their role in the global financial markets. There will be a ton of important information released today, but we also have another extremely important announcement from the Bank of Japan on Sept. 20. The Japanese yen is the only asset that is appreciating due to the BOJ’s rate hiking cycle while the rest of the major countries are in a rate cutting cycle. The USD/JPY chart is resting at a key $140.95 support level headed into this Sept. 20 BOJ meeting, and there is a risk of losing support here.

Follow me on social media: https://linktr.ee/realchartchamp

0 Comments
Inline Feedbacks
View all comments

More ClearValue Insights

Default Thumbnail

TMF Support Level Flipped Into Resistance

TMF has lost support below the light blue trendline, and is starting to form a bullish rebound. There was a bullish gap higher today and TMF is trading near the light blue trendline again with this support line now acting as resistance around $48.30. I think this rebound is caused by US bonds rebounding after […]

Read More
Default Thumbnail

US Dollar Index Continues to Show Strength

DXY continues to show bullish strength after the US election. The US dollar is likely to be stronger under a Trump administration due to Trump’s policies. There is resistance at $105.60 and a light blue resistance line to monitor. It looks like DXY is forming a bullish breakout, but the price action can be a […]

Read More
Default Thumbnail

TMF Trading Below Support

TMF has a very similar setup to TLT, but is 3x leveraged so the gains and losses will be higher. TMF has lost support at the light blue trendline around $47.55, and bonds have sold off after Trump’s election victory. The current price action is considered “risk-on,” as traders are more interested in risky assets […]

Read More