Reminder, Japanese markets are closed today, Monday April 29, 2024. The JPY will oscillate.
Japan will be on vacation, with markets closed, on:
- Monday April 29, 2024
- Friday May 3
- Monday May 6
USD/JPY traded above 158.00 on Friday US time. This erased all the so-called “lines in the sand” we’ve heard about from people who really should know better. The next one to be trumpeted should be 160.
I posted this, hope it helped:
Just last week, Japanese Finance Minister Suzuki told us, very clearly and once again, that the decline in the yen has pros and cons. These are NOT fighting words.
USD/JPY has already oscillated to start the new week, back below 158.00. If you are short above 158, do not hesitate to take profits on this decline.
This chart is from Reuters. If you need a reminder, Forex is not a centralized market and some transactions that have taken place are not reflected in this chart. I briefly saw it trading a bit lower than the lows shown here.
cnbctv18-forexlive
