USD/JPY to Continue Trend Higher? USD/JPY Price Forecast

USDJPY has been in a clear uptrend since January last year and would have yielded great profits for traders if they bought the dollar dips. When is the next opportunity like this coming? Watch our USDJPY price forecast for the next few weeks now!

There is a real chain of events going on right now that are all working together to form higher pricing in the USD/JPY forex pair. Let me run through them. So, there is the war going on in Ukraine, and this looks to continue to escalate, unfortunately. Putin in a public appearance said yesterday that Russia will continue the invasion until his ‘noble’ aims are fulfilled. Following this, a headline broke which said the US and UK are looking into a report that a chemical attack was used at a Ukrainian port. The bottom line is this doesn’t look like it is going anywhere, anytime soon. The dollar has a safe haven appeal in the forex market and demand will keep coming as the war continues.

There is a knock-on effect of the war too. Inflation data in the US was released yesterday, and it showed inflation has reached 8.5%, this is the highest in more than 40 years, which feels like is being said each month. Why are prices increasing so much? Well, food and housing costs have exceeded dramatically, but one of the main reasons is the surge in fuel prices. This is because of the war and the subsequent sanctions placed on Russia, who are responsible for a lot of oil and gas. In fact, the consumer price index (CPI) used to measure inflation was up 1.2% from February which is the biggest monthly gain since September 2005. A few years later there was a recession by the way…

Anyway, higher inflation is troubling US policy makers, who are being criticised for being behind inflation for too long, i.e., they have been too slow to react and failed to read the signs. The markets are now betting on numerous 50-basis point interest hike by the Federal Reserve to slow down inflation. In fact, yesterday’s higher inflation reading could leave room for more hawkishness from the Federal Reserve, which will appreciate the dollar. All of this is resulting in higher yields which are correlated with this pair. I will show this on the chart now and mark buying opportunities.

#USDJPY
#USDOLLAR
#ForexAnalysis

00:00 - Intro
00:33 - Dollar Safe Haven Appeal
01:24 - US Inflation
02:13 - Federal Reserve Response
02:49 - USDJPY Technical Analysis

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[banffstocker]

Man! Your Good !! Thank You! More Forex Please !!!!

[nagenderbabu]

I sell on 123.96 still waiting to get it down man whats ur tommorrow prediction on usdjpy pls do video on it