The forex daily analysis of April 22, 2021 will discuss what affects the market today. The increasing pandemic conditions are compounded by the actions of market participants who physically buy the Japanese Yen, thus making the market movement of the Japanese Yen strengthen compared to the US Dollar. In addition, the condition of the US Dollar, which has been weakening for several weeks, has also strengthened the Japanese Yen. For today's market movement in the Asian session, it is expected that the Yen will continue its strengthening (the chart/chart will decrease) compared to the US Dollar. Since the beginning of 2021, the condition of the Yen has weakened compared to the US Dollar, the weakening of the Yen by around 6% from its high level in 2020. However, towards the end of March, the movement of the Yen began to show its strengthening, as a result of the weakening of the US Dollar caused by the beginning of a decline in US bond yields. In fact, the yen currency continues to weaken despite market conditions that have caused volatility in the global stock market, especially for technology sector stocks. This could pose a problem for the Yen as traders are increasingly cautious in 2021.

Forex Daily Analysis : April 9, 2021

In the first quarter, the expectation that developed in the market was that increasing global economic growth would have an impact on increasing inflation. With the rapid distribution of Covid-19 vaccinations in the United States, coupled with the launch of a US$1.9 trillion Covid-19 relief package stimulus from President-elect Joe Biden, long-term bond yields have also increased. Given the current condition of the US Dollar, analysts predict that the US Federal Reserve will be able to start the discourse of raising interest rates, albeit sooner than previously predicted. This discourse arose after a report from Fed Funds Futures showed that around 60% of analysts wanted an interest rate hike by the end of 2022.

Forex Daily Analysis Predictions Chart USDJPY analisa harian 22-04-2021

Today's FOREX prediction on the USDJPY pair is expected to strengthen/decline and the recommended OP (Open Position) is SELL at the level of 107,900. With a Target Profit (TP) of 10 - 20 points and a Stop loss (SL) of 5 - 10 points.
Preference BEARISH
Target Profit 1 107,800
Target Profit 2 107,700
Stop Loss 1 107,950
Stop Loss 2 108,000
Thus the daily analysis of forex on April 22, 2021. Keep Money Management and Risk Management first in your trading.

Forex Daily Analysis : April 15, 2021

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