Mitrade Logo
AU
    OFFICIAL TRUMP7.06
     -1.67%
    7.06
    Gold3963.58
     +0.81%
    3963.58
    EUR/USD1.14872
     +0.05%
    1.14872
    WTI60.469
     +0.53%
    60.469
    USD/JPY153.637
     -0.02%
    153.637
    NAS10025335.9
     -0.44%
    25335.9
    AUD/USD0.64781
     -0.16%
    0.64781
    Brent64.98
     +0.32%
    64.98
    Bitcoin101645.85
     +1.43%
    101645.85

    Popular Articles

    Pundit Highlights Major Move For XRP And RLUSD, Will Price Follow?
    1762342208
    Fastest Bitcoin Layer-2 in History Raises $25.7M: Bitcoin Hyper to Soar Next?
    1762341914
    WTI rebounds as geopolitical risks offset bearish US inventory buildup
    1762341373

    Popular Articles

    EUR/GBP Price Forecast: Euro is testing support at 0.8800 area
    1762340324
    NZD/USD: The support at 0.5600 is unlikely to come under threat – UOB Group
    1762337917
    AUD/USD might drop further to 0.6465 – UOB Group
    1762337662

    Popular Articles

    WTI rebounds as geopolitical risks offset bearish US inventory buildup
    1762341373
    European Gas prices extend gains as weather risks mount – ING
    1762333196
    US crude Oil stocks rise – ING
    1762332091

    Popular Articles

    Where Will CoreWeave Stock Be in 5 Years?
    1762341300
    Palantir's Blowout Quarter Changes the Story. What Should Investors Do Now?
    1762341060
    Robinhood Is Quietly Building a Fintech Ecosystem for the Next Generation
    1762341000

    Popular Articles

    USD: Shutdown hits new record as focus shifts to Supreme Court – MUFG
    1762335351
    DXY at 100 – squeeze or new uptrend? – DBS
    1762334876
    USD: December will probably be very important – Commerzbank
    1762334517

    Popular Articles

    Pundit Highlights Major Move For XRP And RLUSD, Will Price Follow?
    1762342208
    Fastest Bitcoin Layer-2 in History Raises $25.7M: Bitcoin Hyper to Soar Next?
    1762341914
    Nasdaq CEO Shows 3 Ways Blockchain Could Change Finance Forever: Best Wallet Token Amps Up
    1762341153

    Popular Articles

    Bitcoin Price Forecast: BTC steadies around $101,000 as easing US-China tensions offer market relief
    1762340631
    EUR/USD may not be able to reach 1.1450 today – UOB Group
    1762335510
    EUR/USD may have enough momentum to test 1.1490 – UOB Group
    1762249848

    Popular Articles

    USD/BRL finds support at channel base bear 5.27 – Société Générale
    1762337769
    China bans foreign AI chips for state-funded data centres
    1762336931
    US ISM Services PMI expected to post a mild uptick in the services industry
    1762336800

    Popular Analysis

    Samsung Electronics Forecasts Stronger-Than-Expected Q3 Profit on AI Demand
    1760406225
    Dollar Gains as US-China Trade Tensions Ease
    1760405884
    Asian Stocks Mixed as Commodities Pause and Yen Draws Attention
    1760078122

    Popular Analysis

    Barclays Boosts S&P 500 Outlook Amid Strong AI-Driven Earnings
    1757496046
    S&P 500 and Nasdaq Futures Climb on Google Ruling Amid Tariff Concerns
    1756881734
    Asian Stocks Slip as Australia and China Show Limited Reaction to Positive Data
    1756880649

    Popular Analysis

    Dollar Gains as US-China Trade Tensions Ease
    1760405884
    Dollar Weakens and Stocks Stall as Gold Rises Ahead of Fed Decision
    1758095514
    Dollar Holds Steady Amid Inflation Data and Central Bank Watch
    1757558669

    Popular Analysis

    Samsung Electronics Forecasts Stronger-Than-Expected Q3 Profit on AI Demand
    1760406225
    Asian Stocks Mixed as Commodities Pause and Yen Draws Attention
    1760078122
    Tesla set to beat Q3 delivery estimates on robust U.S. and China demand, says RBC
    1758871182

    Popular Analysis

    Oil Prices Hold Steady Amid Gaza Ceasefire and US Sanctions
    1760078023
    Oil Prices Rise Following Attacks on Russian Energy Infrastructure
    1757920798
    ANZ Raises Gold Price Forecast to $3,800/Oz, Predicts Rally to Continue Through 2026
    1757494035

    Popular Analysis

    Bitcoin drops below $110K ahead of $22B options expiry; altcoins tumble
    1758871380
    Bitcoin Climbs to $111.5K as Altcoins Struggle Ahead of Payroll Report
    1757059977
    Bitcoin Slides to $111K Ahead of PCE Inflation Data, Faces Monthly Decline
    1756456312

    Popular Analysis

    Australia’s Trade Surplus Reaches 18-Month High in July Driven by Export Gains
    1756968344
    Markets Today: Nvidia Earnings, Indian Tariffs, French Political Risk in Focus
    1756281685
    Australia's CPI Inflation Surges in July, Dimming Expectations for RBA Rate Cuts
    1756263656

    Top Blog Posts

    How to Buy Bitcoin in Australia in Just 3 Minutes
    1757575346
    How to Invest in the ASX 200 for Australian Beginners?
    1751008636
    How To Buy Silver In Australia Online? 06 best place to buy silver in australia
    1751008486

    Top Blog Posts

    How to Invest in the ASX 200 for Australian Beginners?
    1751008636

    Top Blog Posts

    How to Buy Bitcoin in Australia in Just 3 Minutes
    1757575346

    Top Blog Posts

    How To Buy Silver In Australia Online? 06 best place to buy silver in australia
    1751008486
    Gold Trading A-Z: How to Trade Gold in Australia
    1751008435

    Beginners

    Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.
    2021
    Best News & Analysis Provider
    FxDailyInfo
    2022
    Best Forex Educational Resources Global
    International Business Magazine
    InsightsNewsForex

    USD/JPY: Dragged lower by risk-off trades – OCBC

    Source Fxstreet

    USD/JPY fell amid demand for safe haven proxy, JPY. Pair was last seen at 153.52 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

    Risks now skewed to the downside

    "The pullback in USD/JPY should also reduce the risk of intervention fears. That said, delayed BOJ policy normalisation, risk of heavier fiscal burden amid rise in debt servicing costs, increase in social and defence spending and chance of early snap elections (given Takaichi’s high approval rating of 74%) are some factors that may still pose downward pressure on JPY."

    "Ultimately for USD/JPY to turn lower would require a softer USD and BOJ showing more commitment to hike. Mild bullish momentum on daily chart shows signs of fading while RSI turned lower from near overbought conditions. Risks now skewed to the downside. Support at 152.40 (21 DMA), 151.60 (61.8% fibo). Resistance at 154.40 (76.4% fibo retracement of 2025 high to low).

    Disclaimer: For information purposes only. Past performance is not indicative of future results.

    Recommended Articles

    placeholder
    Bitcoin Must Clear This Critical Cost Basis Level For Continued Upside, Analyst SaysIn a recent CryptoQuant Quicktake post, contributor Crazzyblockk highlighted key Bitcoin (BTC) cost basis zones that the leading cryptocurrency must clear – or avoid breaking below – to
    Author  NewsBTC
    Apr 23, Wed
    In a recent CryptoQuant Quicktake post, contributor Crazzyblockk highlighted key Bitcoin (BTC) cost basis zones that the leading cryptocurrency must clear – or avoid breaking below – to
    placeholder
    Bitcoin Moving With Stocks, But Ethereum’s Correlation Is FadingBitcoin has been showing notable correlation to the stock equities recently, but data shows Ethereum is charting a more independent path. Bitcoin & Ethereum Showing Different Degrees Of
    Author  NewsBTC
    Jul 10, Thu
    Bitcoin has been showing notable correlation to the stock equities recently, but data shows Ethereum is charting a more independent path. Bitcoin & Ethereum Showing Different Degrees Of
    placeholder
    Ripple’s $21 Trillion Dream: What Capturing 20% Of SWIFT Volume Means For XRPRipple Labs, a crypto payments company, continues to set its ambitions and those of XRP higher than ever as it edges closer to disrupting the global financial messaging giant SWIFT. After Ripple CEO
    Author  NewsBTC
    Jul 14, Mon
    Ripple Labs, a crypto payments company, continues to set its ambitions and those of XRP higher than ever as it edges closer to disrupting the global financial messaging giant SWIFT. After Ripple CEO
    placeholder
    OpenAI Introduces Lowest-Cost ChatGPT Subscription in India with UPI Payment OptionOn Tuesday, OpenAI introduced ChatGPT Go, its most affordable AI subscription tier, targeting the price-sensitive Indian market. Nick Turley, OpenAI’s Vice President and Head of ChatGPT, announced the launch via an X post, highlighting that users can pay through India’s Unified Payments Interface (UPI).
    Author  Mitrade
    Aug 19, Tue
    On Tuesday, OpenAI introduced ChatGPT Go, its most affordable AI subscription tier, targeting the price-sensitive Indian market. Nick Turley, OpenAI’s Vice President and Head of ChatGPT, announced the launch via an X post, highlighting that users can pay through India’s Unified Payments Interface (UPI).
    placeholder
    ANZ Raises Gold Price Forecast to $3,800/Oz, Predicts Rally to Continue Through 2026Gold is expected to continue its upward momentum throughout 2025 and into early 2026, driven by ongoing geopolitical tensions, macroeconomic challenges, and market anticipation of U.S. monetary easing, according to analysts from ANZ in a research note released Wednesday.
    Author  Mitrade
    Sept 10, Wed
    Gold is expected to continue its upward momentum throughout 2025 and into early 2026, driven by ongoing geopolitical tensions, macroeconomic challenges, and market anticipation of U.S. monetary easing, according to analysts from ANZ in a research note released Wednesday.
    Related Instrument
    symbol
    0.00
    0.00 (0.00%)
    Trade
    goTop
    quote