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USD/JPY Analysis: Uptrend Could Persist For A While
Article By:
Mahmoud Abdallah
Wednesday, May 15, 2024 8:15 AM EDT
The Japanese yen fell again, surpassing 156 yen to the dollar, hitting its lowest level in two weeks, raising concerns about the possibility of Japanese authorities intervening again to support the currency.
Japanese Market Commentary - Wednesday, May 15
Article By:
James Harte
Wednesday, May 15, 2024 7:12 AM EDT
The rally in USDJPY has stalled for now into a test of the 156.18 level.
Two Trades To Watch: EUR/USD, USD/JPY Forecast - Wednesday, May 15
Article By:
Fiona Cincotta
Wednesday, May 15, 2024 5:15 AM EDT
EUR/USD is extending gains for a third straight day as the US dollar falls to a monthly low versus its major peers.
Yen Collapse Suggests We Are At The Tipping Point Of Keynesian Failure
To all you ‘Buy the dip Stonks never go down crowd’ … you better start watching Bonds and FX because the BOJ is giving you a preview of what the dollar is going to do. At first you think it’s great because stocks go higher and higher (happening now) and then when the clowns in government push too far (passing bills for foreign aid which is an attempt to save the dollar) the currency eventually collapses (coming soon to a theater near you).
$COPX $FXY $GLD $SLV $SPY