Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
25 Nov 2022

USD/JPY holds above 139.00, heads for weekly loss

  • Japanese yen weakens amid higher government bond yields.
  • US Dollar Index rises 0.55% on a quiet low-volume session.
  • USD/JPY heads for weekly loss despite Friday’s gains.

The rally of USD/JPY was capped by the 139.50/60 area. Near the end of the week, the pair holds firm above 139.00 supported by rising sovereign bond yields as Wall Street posts gains.

Yen down as yields move up

The Japanese yen fell across the board on Friday, weakened by rising bond yields. The US 10-year bond yield rose to 3.75%, a two-day high while the German 10-year climbed to 1.98%. In Wall Street, the Dow Jones was up by 0.46% and the Nasdaq was falling by 0.29% on a shortened session.

The US Dollar Index was up 0.55% on Friday, but still headed toward the lowest weekly close since mid-August affected by the less hawkish FOMC minutes. Next week, attention will be on the Non-farm payrolls report due on Friday.

Firm below the weekly 20-SMA

The USD/JPY is about to post a weekly loss of a little more than one hundred pips. During the week it traded as high as 142.24, but then pulled back under the 20-week Simple Moving Average (SMA) that stands at 140.90.

The pair continues to move around 140.00, away from the multi-decade high it hit on October. The declines so far have been contained above 137.50. A daily close below 138.50 would increase the bearish pressure.

USD/JPY weekly chart

 

USDJPY

Technical levels

 

Nov 25, 2022

Silver Price Analysis: Substantial upside potential for XAG/USD – Commerzbank

The Silver Institute and Metals Focus published new figures showing supply and demand in the global Silver market a week ago. Accordingly, strategists
Read more Previous
Nov 25, 2022

EUR/USD to reach levels of up to 1.10 in 2023 – Commerzbank

Economists at Commerzbank have changed their EUR/USD forecast. The pair is now expected to reach the 1.10 level in the coming year. Not another USD ye
Read more Next