Malaysia
2025-04-29 03:42
IndustryHistorical USD/JPY trends and Fibonacci accuracy
#CurrencyPairPrediction
Historical USD/JPY Trends:
The USD/JPY exchange rate has experienced significant long-term trends. After the 1971 collapse of the Bretton Woods system, the yen began floating and rapidly appreciated from around 360 to under 100 by the mid-1990s, driven by Japan’s economic growth and trade surpluses. The late 1990s saw volatility during the Asian Financial Crisis. In the 2000s, USD/JPY fluctuated with global risk sentiment, often seen as a "safe haven" currency. The 2010s brought yen strength post-2008 crisis, then weakness after "Abenomics" and Bank of Japan easing. Recently, in 2022–2023, USD/JPY spiked to multi-decade highs (~150) due to Federal Reserve rate hikes and BOJ policy divergence.
Fibonacci Accuracy:
Fibonacci retracement levels (23.6%, 38.2%, 50%, 61.8%, 78.6%) have been widely used by traders to predict support/resistance in USD/JPY movements. While Fibonacci levels often align with psychological and technical reaction zones, their accuracy isn't absolute. They work best when combined with broader trend analysis, volume studies, and other indicators. Historically, major USD/JPY retracements, like post-1995 highs or the 2022 rally, respected Fibonacci zones, but false signals and overshoots are common.
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Historical USD/JPY trends and Fibonacci accuracy
#CurrencyPairPrediction
Historical USD/JPY Trends:
The USD/JPY exchange rate has experienced significant long-term trends. After the 1971 collapse of the Bretton Woods system, the yen began floating and rapidly appreciated from around 360 to under 100 by the mid-1990s, driven by Japan’s economic growth and trade surpluses. The late 1990s saw volatility during the Asian Financial Crisis. In the 2000s, USD/JPY fluctuated with global risk sentiment, often seen as a "safe haven" currency. The 2010s brought yen strength post-2008 crisis, then weakness after "Abenomics" and Bank of Japan easing. Recently, in 2022–2023, USD/JPY spiked to multi-decade highs (~150) due to Federal Reserve rate hikes and BOJ policy divergence.
Fibonacci Accuracy:
Fibonacci retracement levels (23.6%, 38.2%, 50%, 61.8%, 78.6%) have been widely used by traders to predict support/resistance in USD/JPY movements. While Fibonacci levels often align with psychological and technical reaction zones, their accuracy isn't absolute. They work best when combined with broader trend analysis, volume studies, and other indicators. Historically, major USD/JPY retracements, like post-1995 highs or the 2022 rally, respected Fibonacci zones, but false signals and overshoots are common.
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