- The yen continues to rise after the Bank of Japan surprise.
- USD/JPY falls more than 4% on Tuesday.
- Mixed dollar on the forex board due to risk appetite.
USD/JPY fell further during the American session and bottomed at 131.00, the lowest intraday level since August 2. It remains close to this low, falling more than 550 points or 4.15%.
The pair is heading for the lowest daily close since June, with the yen posting one of the biggest daily gains buoyed by the Bank of Japan’s decision to raise the upper margins of its control of the 10-year yen yield curve. 0.25% to 0.50%.
Does the BoJ break the correlation of the markets?
It was a small change from the BoJ, but market participants see much more. The impact of the announcement shows that a more significant policy change could come much sooner than expected.
Up until a few hours ago, rising US yields meant a weakening Japanese yen and bearish pressure on gold. The Japanese yen is having the best day in years across the board and gold prices are in weekly highs.
Wall Street’s main indices are now trading positive, unaffected by rising US yields. In the old days, before the big divergence between Federal Reserve and Bank of Japan monetary policy, higher returns were normal at times of optimism in the stock market, reflecting the outflow of money from safer assets. in search of higher returns.
USD/JPY Technical Levels
USD/JPY
Panorama | |
---|---|
Last Price Today | 131.07 |
Today’s Daily Change | -5.94 |
Today’s Daily Change % | -4.34 |
Today’s Daily Open | 137.01 |
Trends | |
---|---|
20 Daily SMA | 137.36 |
SMA of 50 Daily | 142.36 |
SMA of 100 Daily | 141.2 |
SMA of 200 Daily | 135.66 |
levels | |
---|---|
Previous Daily High | 137.16 |
Minimum Previous Daily | 135.75 |
Previous Weekly High | 138.18 |
Previous Weekly Minimum | 134.52 |
Maximum Prior Monthly | 148.82 |
Minimum Prior Monthly | 137.5 |
Daily Fibonacci 38.2% | 136.62 |
Daily Fibonacci 61.8% | 136.29 |
Daily Pivot Point S1 | 136.12 |
Daily Pivot Point S2 | 135.23 |
Daily Pivot Point S3 | 134.71 |
Daily Pivot Point R1 | 137.53 |
Daily Pivot Point R2 | 138.05 |
Daily Pivot Point R3 | 138.94 |
Source: Fx Street

I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.