#asian hours

The post Indonesian Rupiah weakens ahead of Retail Sales data appeared on BitcoinEthereumNews.com. USD/IDR extends its gains for the second successive day, trading around 18,140 during the Asian hours on Thursday. The Indonesian Rupiah (IDR) holds losses ahead of May’s Retail Sales data due later in the day. US weekly Initial Jobless Claims will be eyed later in the North American session. The upside of the USD/IDR pair could be restrained as the US Dollar (USD) struggles following the release of Wednesday’s Federal Reserve (Fed) Meeting Minutes. The committee remains deeply divided over the trajectory of inflation, specifically whether it will remain sticky or begin to cool as geopolitical conflict in the Middle East eases. During Kevin Warsh’s debut meeting as FOMC Chairman on June 16-17, policymakers were split: while many participants noted the benchmark rate would likely finish the year unchanged or slightly below its current 3.6% level, an equally vocal contingent argued that rat

The post EUR/JPY Price Forecast: Tests symmetrical triangle top above 185.50 appeared on BitcoinEthereumNews.com. EUR/JPY pares steadies after registering modest gains in the previous day, trading around 185.60 during the Asian hours on Thursday. The currency cross is maintaining a constructive bullish bias as spot holds above the moving averages, with a nine-day Exponential Moving Average (EMA) moving above a 50-day EMA, suggesting a bullish shift in momentum. The EUR/JPY cross also sits over the session Volume-Weighted Average Price (VWAP), while the 14-day Relative Strength Index (RSI) near 55 suggests positive but not overstretched momentum, hinting that buyers retain control as long as these supports are defended. Daily chart technical analysis shows the EUR/JPY cross is positioned on the upper boundary of the symmetrical triangle around 185.60, signaling an imminent bullish breakout. It shows that buyers are aggressively pushing the price up, testing a breakout. A decisive close