2024.11.06
2024.11.06
This article was :
published
updated
Yesterday the USDJPY rose while experiencing pushback during Tokyo hours, reaching a high of 152.54 yen after GMT 05:00, but subsequently turned downward.
The U.S. October ISM Services PMI, released at GMT 15:00 the same day, showed strong figures at 56.0 compared to the expected 53.8. The USDJPY temporarily saw some buying back but reversed again, hitting a low of 151.33 yen around GMT 19:30, ending the day's trading at 151.60 yen.
Today's USDJPY surged on reports of Trump's strong performance, reaching 154.30 yen around GMT 02:30. After GMT 05:00, it declined somewhat and is moving in the mid-153 yen range.
Looking at the 1-hour chart of the USDJPY (as of GMT 15:40 on November 5), it has broken above the recent high of 153.88 yen and is trading above the +2 standard deviations level.
(20-period Bollinger Band, showing ±1 and ±2 standard deviations)
The main economic indicators for today are as follows:
Vote counting for the U.S. presidential election began last night, and results are coming in from some states.
Was this article helpful?
0 out of 0 people found this article helpful.
Thank you for your feedback.