Is all this a coincidence? USD/JPY 1M chart
USD/JPY 1M chart;
World trade was seriously affected by the very strong dollar. Therefore, due to the Plaza Agreement signed in 1985, the Japanese Yen started to appreciate significantly against the USD.
Then it continued to appreciate due to the economic bubble that burst in the 90s.
In 1998, there was a major collapse with the Asian Crisis. The Japanese Yen was positively affected by this situation.
After the 2008 global crisis, the Fed's interest rate cut broke the support zone downwards and started its second move below the $100 level.
After the earthquake and tsunami disaster in 2011, Japan launched a massive quantitative easing program, which was significantly bullish for the USD.
Finally, Japan raised interest rates for the first time in 17 years, leading to a sharp fall in the markets.
Was it a coincidence that the $160 level was tested for the first time in 34 years?
#USDJPY #Forex #Economy
World trade was seriously affected by the very strong dollar. Therefore, due to the Plaza Agreement signed in 1985, the Japanese Yen started to appreciate significantly against the USD.
Then it continued to appreciate due to the economic bubble that burst in the 90s.
In 1998, there was a major collapse with the Asian Crisis. The Japanese Yen was positively affected by this situation.
After the 2008 global crisis, the Fed's interest rate cut broke the support zone downwards and started its second move below the $100 level.
After the earthquake and tsunami disaster in 2011, Japan launched a massive quantitative easing program, which was significantly bullish for the USD.
Finally, Japan raised interest rates for the first time in 17 years, leading to a sharp fall in the markets.
Was it a coincidence that the $160 level was tested for the first time in 34 years?
#USDJPY #Forex #Economy
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.