In the past week, the exchange rate of the US dollar against the Japanese yen (USD/JPY) has changed, affected by a variety of factors. The following is an analysis of the Japanese yen:
Demand for U.S. Dollars Declining: Disappointing U.S. inflation data led to lower demand for U.S. dollars before the Federal Reserve raises interest rates in the future_22200000 -0000-0000-0000-000000000222_.
USD/JPY exchange rate changes: Due to saturated buying, the USD/JPY exchange rate once touched the resistance of 151.90. The USD/JPY exchange rate once touched the resistance of 151.90. Horizontal force, This level subsequently fell back, falling to the support level of 149.19 on Friday and falling steadily around 149.57.
U.S. Economic Data: The U.S. economic calendar is lighter during Thanksgiving week. Data is expected to show a weak 10-day update, with the unemployment rate rising, and data on durable goods orders, manufacturing and service sector activity will also be released.
The U.S. labor market is weak: The number of weekly jobless claims in the United States rose to 231,000, exceeding market expectations and continuing to weaken, strengthening market expectations that the Federal Reserve will no longer raise interest rates or even consider cutting interest rates_ 22200000-0000-0000-0000-000000000222_.
Technical Indicator Analysis: From a technical point of view, the USD/JPY exchange rate is currently in a downward channel, and is in a downward channel, and is in a downward trend, and is above the moving average. Bearish in the short term, but still in an upward channel in the long term.
Based on this information, it can be seen that the recent fluctuations in the USD/JPY exchange rate are affected by changes in US economic data and market expectations. This trend is likely to continue as more economic data is released in the coming days. Investors need to pay close attention to relevant economic indicators and policy developments in order to predict and respond appropriately.
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