Search
Close
  • Home
  • Business News
  • Crypto News
    • Binance
    • Bitcoin
    • Cardoso
    • Dogecoin
    • Ethereum
    • NFT X Metaverse
    • Shiba in
    • Other alt coins
  • Market News
  • Technology News
  • Tools
    • Crypto Table
    • Exchange Rate
    • Currency Converter
Menu
  • Home
  • Business News
  • Crypto News
    • Binance
    • Bitcoin
    • Cardoso
    • Dogecoin
    • Ethereum
    • NFT X Metaverse
    • Shiba in
    • Other alt coins
  • Market News
  • Technology News
  • Tools
    • Crypto Table
    • Exchange Rate
    • Currency Converter
Search
Close
Home Crypto News Binance

USDJPY trades in a narrow range but did extend to a new cycle high

by
April 18, 2022
in Binance, Bitcoin, Business News, Cardoso, Crypto News, Dogecoin, Ethereum, Market News, NFT X Metaverse, Other alt coins, Shiba in, Technology News
152
SHARES
1.9k
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

RelatedPosts

Mkango and CoTec Sign Definitive Agreements to Invest in Mkango, Maginito and to Collaborate in Rare Earth Technologies in United States

US Stocks On Track For Nervous Start As Traders Go Fed Watching: AMD Earnings Calm Investors

Societal CDMO Highlights Growth of Existing Customer Business Through Signing of More Than $6 Million in Work Orders During Fourth Quarter of 2022

USDJPY remains nearer highs and above the 100 hour MA The USDJPY moved to a new cycle high (and highest level since 2020) in the Asian session with a move up to 126.74. The high price from Friday reached 126.67 before modestly retracing into the close. The Good Friday closing level was near 126.40. The current price is trading at 126.56 with the swing low price in the Asian session reaching down to 126.23. As outlined in a post on Friday, traders who have sold because the USDJPY is overbought, have had to deal with progressively higher levels on most trading days. One of the main catalysts is the yield spread between US and Japan yields are continuing to rise as US Federal Reserve policy is focused on raising rates, while the BOJ is content to keep rates where they are (and suppressed longer term rates in the process). Admittedly, the momentum to the upside is slowing a bit . The topside trendline on the hourly chart above has NOT been tested today (see hourly chart above). Looking at the 5 minute chart below, the price action has been trading above and below its 100 and 200 bar moving averages (blue and green lines in the chart below). However, of note intraday, is that the last move to the upside has seen some sellers against the near converged moving average levels. That gives the shorter-term intraday bias a small tilt to the downside. Be aware for the little nuances from the 5 minute chart chart for potential clues. USDJPY on the 5-minute chart Overall, the more consolidative trading has allowed for the 100 hour moving average to continue to move closer to the current price (see blue line on the hourly chart above). That 100 hour moving average is still some 60 pips away from the current level (moving averages at 125.928). There is more work to be from the sellers. Recall from last Thursday, the price did dip below the 100 hour moving average for the first time since April 1, but could not sustain downside momentum (there was support near the swing high from March 28 that held support). If the sellers are to be taken seriously, getting -and staying below – the 100 hour moving average would be Step 1 off the hourly chart. Step 2, would be a move below the 200 hour moving average (green line in the chart above). Absent that, and the sellers are not taking back control. The trend would remain more bias to the upside at least in the intermediate term.

Tags: BitcoinbusinessBusiness AnalysisBusiness TipsGold PriceInvestment LossMarket StoriesOil MarketSillicon ValleyunUnited StatedVenture CapitalWall StreetWater deep
Share61Tweet38Send

Related Posts

Mkango and CoTec Sign Definitive Agreements to Invest in Mkango, Maginito and to Collaborate in Rare Earth Technologies in United States

February 1, 2023

US Stocks On Track For Nervous Start As Traders Go Fed Watching: AMD Earnings Calm Investors

February 1, 2023

Societal CDMO Highlights Growth of Existing Customer Business Through Signing of More Than $6 Million in Work Orders During Fourth Quarter of 2022

February 1, 2023

Food Service Equipment Market Size Worth USD 46.38 billion, Globally, by 2027 at 4.1% CAGR

February 1, 2023

Elon Musk Rails Against Putin Ally For ‘War Criminal’ Comment: ‘Damned If You Do, Damned If You Don’t’

February 1, 2023

The @Newsquawk US Market Open: Relatively contained trade ahead of data, earnings & FOMC

February 1, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest

Is The Ethereum Merge About To Have A Confirmed Delay?

April 15, 2022

Data Leak At Unchained Capital, NYDIG, Swan & BlockFi. At The Same Time

March 21, 2022

Fantom Foundation Responds To Andre Conje’s Departure

March 6, 2022

The Andy Milonakis NFT Show, EP. 20 – Goat Soup’s Dark Night Of The Soul

April 26, 2022

IRA Financial Breach: Hackers Snatch $36 Million From US-Based Fintech Startup

0

Bitcoin Hash Rate Balloons To Record High — Will Price Go Up As Well?

0

Ethical Blockchain: Are Crypto, NFTs And DeFi Bad For The Environment? Here’s Why They’re Not

0

Mexican Billionaire Says It Again: Buy Bitcoin Today — And Thank Him Later?

0

Mkango and CoTec Sign Definitive Agreements to Invest in Mkango, Maginito and to Collaborate in Rare Earth Technologies in United States

February 1, 2023

US Stocks On Track For Nervous Start As Traders Go Fed Watching: AMD Earnings Calm Investors

February 1, 2023

Societal CDMO Highlights Growth of Existing Customer Business Through Signing of More Than $6 Million in Work Orders During Fourth Quarter of 2022

February 1, 2023

Food Service Equipment Market Size Worth USD 46.38 billion, Globally, by 2027 at 4.1% CAGR

February 1, 2023

Categories

  • Binance (49,311)
  • Bitcoin (92,133)
  • Business News (97,532)
  • Cardoso (40,811)
  • Crypto News (48,603)
  • Dogecoin (40,811)
  • Ethereum (41,185)
  • Market News (85,454)
  • NFT X Metaverse (40,811)
  • Other alt coins (40,857)
  • Others (2)
  • Shiba in (40,811)
  • Technology News (84,887)

Coin Tori is the #1 Crypto and business blog you can always trust to feed you with the necessary infomation.

Facebook Twitter Linkedin Instagram

Categories

  • Business News
  • Crypto News
  • Technology News
  • Bitcoin
  • Binance
  • Cardoso
  • Other Alt Coin
  • Dogecoin
  • Ethereum
  • NFT X Metaverse
  • Shiba in
  • Market News
  • Others

Tool

  • Crypto Table
  • Exchage Rate
  • Currency Converter

All right reserved - Cointori

Designed By Gentry Stack

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent. Read More
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT
bitcoin
Bitcoin (BTC) $ 23,061.18 0.51%
ethereum
Ethereum (ETH) $ 1,578.54 0.07%
tether
Tether (USDT) $ 1.00 0.04%
usd-coin
USD Coin (USDC) $ 1.00 0.08%
bnb
BNB (BNB) $ 309.53 0.53%
xrp
XRP (XRP) $ 0.403911 0.09%
binance-usd
Binance USD (BUSD) $ 1.00 0.11%
cardano
Cardano (ADA) $ 0.381984 1.47%
dogecoin
Dogecoin (DOGE) $ 0.091243 1.96%
matic-network
Polygon (MATIC) $ 1.09 0.26%
  • Home
  • Currency Converter
  • Business News
  • Crypto News
  • Binance
  • Bitcoin
  • Cardoso
  • Dogecoin
  • Ethereum
  • NFT X Metaverse
  • Other alt coins
  • Shiba in
  • Market News
  • Others
  • Technology News
Menu
  • Home
  • Currency Converter
  • Business News
  • Crypto News
  • Binance
  • Bitcoin
  • Cardoso
  • Dogecoin
  • Ethereum
  • NFT X Metaverse
  • Other alt coins
  • Shiba in
  • Market News
  • Others
  • Technology News