Indonesia
2025-02-06 00:54
IndustryUSDJPY Dips Below 200 and 100-Day Moving Averages
USDJPY Dips Below Key MAs as Weaker PMI Pushes Down Price
USDJPY has dipped below both the 200-day moving average at 152.778 and the 100-day moving average at 152.422, a level not breached since October 2024. Currently trading at 152.327, the weaker PMI data has helped push the pair lower. Staying below these key levels keeps sellers in control, with the next target at 151.498, the 38.2% retracement of the 2024 rally.
Traders eye further downside if the price remains below the 100 and 200-day MAs. A failure to stay below these levels would indicate a failed breakdown. The decline is also supported by falling US Treasury yields, with the 2-year down 5 basis points and the 10-year down 9.3 basis points to 4.418%. This drop follows a January peak of 4.809%, signaling reduced expectations for a 5% yield.
#SeputarTrading
#ForexTrick
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USDJPY Dips Below 200 and 100-Day Moving Averages
USDJPY Dips Below Key MAs as Weaker PMI Pushes Down Price
USDJPY has dipped below both the 200-day moving average at 152.778 and the 100-day moving average at 152.422, a level not breached since October 2024. Currently trading at 152.327, the weaker PMI data has helped push the pair lower. Staying below these key levels keeps sellers in control, with the next target at 151.498, the 38.2% retracement of the 2024 rally.
Traders eye further downside if the price remains below the 100 and 200-day MAs. A failure to stay below these levels would indicate a failed breakdown. The decline is also supported by falling US Treasury yields, with the 2-year down 5 basis points and the 10-year down 9.3 basis points to 4.418%. This drop follows a January peak of 4.809%, signaling reduced expectations for a 5% yield.
#SeputarTrading
#ForexTrick
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