PU Prime App

Exclusive deals on mobile

  • Market Insights

14 May 2024,02:13

Market InsightsTrade Of The Day

USD/JPY Sees Strongest Demand Amid Fading “Yentervention”

14 May 2024, 02:13

Share on:
USD/JPY sees strongest demand amid fading yentervention trading opportunities 14 May 2024

Fundamental Analysis

* Yentervention Fade: USD/JPY surged above the 156.00 mark, with markets digesting recent declines in the Japanese Yen (JPY) attributed to two presumed interventions by the Bank of Japan (BoJ) in late April and early May. The BoJ has not publicly acknowledged these interventions, opting not to confirm or deny involvement in global markets to support the Yen. However, financial reports indicate that the BoJ exceeded planned expenditures by approximately nine billion Yen during the week when the JPY strengthened by 4.5% against the USD.

Technical Analysis

* Technical Breakout: USDJPY was traded higher following recent breakout above the previous resistance level 156.00. MACD which illustrate persistent bullish momentum signal suggest the pair to further extend its gains.

* Resistance and Support: If the bullish momentum persists, there’s a strong likelihood that the price will potentially head towards 157.10. Conversely, a potential correction is also to be expected and the price could head back towards 155.25 should the price breach below the level 156.00.

Understand how technical analysis can help you in this trading opportunity.

Potential Risks

Moving ahead, investors will focus on significant US economic data this week, notably the Producer Price Index (PPI), Consumer Price Index (CPI), and Retail Sales. These reports will provide indications of whether inflation persists, shows signs of easing, or potentially accelerates. Stronger-than-anticipated data could further strengthen the US Dollar (USD) against the Japanese Yen (JPY).

Know how to manage trading risks with risk management strategies.


Stay updated on US data, Fed updates and any shifts in the US Dollar’s strength by following PU Prime’s market insights and daily financial news.

Grab the trading opportunity and dive into the action risk-free with a free demo account. It is the perfect way to hone your skills and explore the exciting world of trading!

Open Your Free Demo Account And Start Trading Risk-Free

Join Now

Disclaimer: Trading derivatives involves high risks, and market conditions can change rapidly. The content is for informational purposes only and should not be considered as financial advice. Traders should conduct their own research and consider risk management strategies.

Start trading with an edge today

Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.

  • Start trading with deposits as low as $50 on our standard accounts.
  • Get access to 24/7 support.
  • Access hundreds of instruments, free educational tools, and some of the best promotions around.
Join Now

Latest Posts

Fast And Easy Account Opening

Create Live Account
  • 1


    Sign up for a PU Prime Live Account with our hassle-free process.

  • 2


    Effortlessly fund your account with a wide range of channels and accepted currencies.

  • 3

    Start Trading

    Access hundreds of instruments under market-leading trading conditions.

Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.

Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.

By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.

Thank You for Your Acknowledgement!

Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.

Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.

Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.

Thank You for Your Acknowledgement!