Foreign investors flee South Korean stocks as AI boom loses steam
Kuroda is willing to be patient with respect to inflation, but the pressure still force him to act. The yen is far from desirable level, - says Bloomberg referring to SMBC Nikko Securities Inc.
USD / JPY prospects
Resistance of 119 proved to be impenetrable and could not resist last week. As a result, USD / JPY pair was forced to oscillate between the monthly PP and the Fibonacci retracement level of 23.6%. Nevertheless, the risk of price growth increased significantly in the medium term, as key support demonstrated stability. While USD / JPY is above 116, bulls still have reasons to be optimistic. However, the mark must pass 119 to retest the December maximum of 121.
Traders’ spirits
Attitude to the US dollar remains extremely bullish, as 64% of open positions are long. The gap between buy and sell orders reduced from 22 to 14 points. Advantage is in buyers’ hands, stated Dukascopy experts (rated among the TOP Forex Brokers Masterforex-V World Academy http://www.masterforex-v.com/).
