{"id":197051,"date":"2023-11-20T19:29:39","date_gmt":"2023-11-20T13:59:39","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=197051"},"modified":"2023-11-20T19:29:39","modified_gmt":"2023-11-20T13:59:39","slug":"targeting-a-drop-to-around-146-25-in-the-next-1-2-weeks-scotiabank-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/targeting-a-drop-to-around-146-25-in-the-next-1-2-weeks-scotiabank-crypto-news\/","title":{"rendered":"Targeting a drop to around 146.25 in the next 1-2 weeks \u2013 Scotiabank – Crypto News"},"content":{"rendered":"

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The JPY is the top performer on the day. Economists at Scotiabank analyze Yen\u2019s outlook<\/a>.<\/p>\n

A minor reversal has formed on the daily chart<\/h2>\n
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Japanese stocks hit a fresh 33-year high briefly earlier before retreating but JPY gains are more reflective of the lower US yield outlook as well as positioning.\u00a0<\/p>\n<\/blockquote>\n

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Friday\u2019s CFTC data showed a large rise in net speculative JPY shorts through last Tuesday\u2019s week (amid generally better net buying of the USD); net short JPY positions held by speculative, hedge fund and real money traders rose to the largest in close to a year \u2013 just as the JPY was starting to show some signs of steadying near recent lows.\u00a0<\/p>\n<\/blockquote>\n

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Daily chart patterns suggest a minor reversal (double top pattern) has formed on the daily chart, targeting a drop to around 146.25 in the next 1-2 weeks. That could squeeze some of the weaker JPY shorts further.<\/p>\n<\/blockquote>\n

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Share: The JPY is the top performer on the day. Economists at Scotiabank analyze Yen\u2019s outlook. A minor reversal has formed on the daily chart Japanese stocks hit a fresh 33-year high briefly earlier before retreating but JPY gains are more reflective of the lower US yield outlook as well as positioning.\u00a0 Friday\u2019s CFTC data […]<\/p>\n","protected":false},"author":2,"featured_media":8626,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,255,250,252,247,253,249,275,256,254],"class_list":["post-197051","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-usdjpy","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/197051","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=197051"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/197051\/revisions"}],"predecessor-version":[{"id":197052,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/197051\/revisions\/197052"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/8626"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=197051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=197051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=197051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}