+ 420 Points Reached in USDJPY after bouncing back from the higher low area of the Ascending Triangle Pattern

USDJPY Analysis

USDJPY bounces back from the higher low area of the Ascending Triangle Pattern in the 4-hour timeframe chart

After the confirmation of uptrend movement USDJPY Buy signal given.

420 Points Reached in USDJPY Aug31 T1 Sep01

USDJPY reached the take profit traget successfully 


US Dollar: NFP data Forecast

US Dollar index Traded lower as FED Powell disappointment speech on Friday and Weak Domestic data shown in US economy.

This week NFP data and employment rate will route the FED map of tapering soon in the market.

This week NFP data and employment rate will route the FED map of tapering soon in the market

And Tapering is well supported for US Dollar in the near term but Delta variant cases remain hot for FED monetary tools decision.

USDCHF and USDJPY Dropped more as the US economy facing more Delta variants, and vaccinations are progressing faster for the second dose to avoid spread.

Japanese Yen: High-Quality Budget to prepare by Taro speech

Japanese Finance minister Taro Aso said the Japanese Government must compile a higher Quality budget for the Next Fiscal year.

The budget must focus on expenditure reform.

Japan General elections are scheduled in Japan in October month

General elections are scheduled in Japan in October month, Current PM Suga has failed to impressed the public and Two times failed in public opinion Polls.

The worst handling of Covid-19 cases is behind reason is felt by People minds.

And Vaccination slower progress and not ensuring proper lockdown releases and Whole Lockdown without taking measures to the economy.


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Don't trade all time, Trade Forex only at Confirmed Setup

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