US Dollar Weakness: The US Dollar has weakened due to President Trump's trade war threats, including proposed tariffs on several European countries unless the U.S. is allowed to purchase Greenland, raising concerns about economic growth and potential rate cuts by the Federal Reserve.
Japanese Yen Support: The Japanese Yen found support from increased verbal intervention by officials and rising expectations for a rate hike, with speculation about a potential hike in March boosting the currency's strength.
USD/JPY Technical Analysis: The USD/JPY pair is at a critical juncture, having bounced from a major trendline, with sellers targeting the 154.50 support level while buyers await a break above 158.87 for a bullish rally.
Upcoming Economic Data: Key economic data releases are on the horizon, including US ADP jobs data, jobless claims, Japanese CPI, and the BoJ policy decision, which could influence market movements and sentiment.
Wall Street analysts forecast USD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for USD is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast USD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for USD is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 56.660
Low
Averages
High
Current: 56.660
Low
Averages
High
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
