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JPY Forecast Q2 2022

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by , 04-08-2022 at 10:19 AM (434 Views)
      
   
The anti-risk Japanese Yen put in a dismal performance during the first quarter of 2022, particularly as March wrapped up. A majors-based Japanese Yen Index that averages JPY against USD, AUD, GBP and EUR fell as the S&P 500 and 10-year Treasury yield climbed. Stocks and bond yields rising in tandem can make it difficult for the Japanese currency to shine.

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The weekly price is on primary bullish market condition for trying to break 125 resistance level to above for the strong bullish trend to be continuing. Alternatively, if the price is bounced from 125 resistance level so the secondary ranging will be started.

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