Asia FX weakens amid US-China tariff uncertainty; yen drops after strong Tokyo CPI

2026.05.22 2026.05.22 USD/JPY: Elliott Wave Analysis and Forecast for 22.05.26–29.05.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider short positions from corrections below the level of 160.70 with a target of 152.10–145.50. A sell signal: the price holds below 160.70. Stop Loss: above 161.20, Take Profit: 152.10–145.50. Alternative scenario: Breakout…

GBP/JPY has been trending upward since February 7, fueled by Yen weakness and GBP strength. A symmetrical triangle pattern on the daily chart suggests a potential breakout and bullish rally, possibly to 222.00. Key support levels are 194.00, 193.50, 192.00, while resistance levels are 197.50, 198.96, 200.00. Most Read: Gold Price Forecast: Will Tariffs and…

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Ever wonder about the actual movers and shakers in the vast world of Forex? Look no further than the most actively traded currency pairs, the engines driving this dynamic market with trillions in daily turnover. Their values react to global news, just like any exchange rate. But which are the Most Traded Currency Pairs?— The…