Japanese Yen: USD/JPY (JPY=X) investors eye BoJ statement USD/JPY is quiet at the start of the week. In Monday’s North American session, the pair is trading at 109.67, down 0.09% on the day. In economic news, U.S banks are closed for a holiday. With no U.S or Japanese events on the schedule, traders can expect […]
Japanese Yen: USD/JPY (JPY=X) Increased Risk Appetite The Dollar/Yen rose last week on the back of higher Treasury yields and increased appetite for risky assets. Traders were reacting to optimism over progress in U.S-China trade talks. The catalysts behind the rising Treasury yields were reports that the two economic powerhouses were considering offering concessions to […]
Japanese Yen: USD/JPY (JPY=X) pulls back from overnight high Since yesterday’s high, the USD/JPY price has pulled back, but the uptrend from the lows of last Thursday remains intact. Even a dip to ¥108.50 would still be a possible buying opportunity, and for now the price is holding above ¥108.70. A fresh move higher, reinforced by the […]
Japanese Yen: USD/JPY (JPY=X) still very much in the consolidation phase The US dollar has gone sideways overall against the Japanese yen, showing a bit of resiliency. However, the ¥108 level underneath is massive support, so I think it is going to continue to be able to hold the market up a little bit. However, if […]
Japanese Yen: USD/JPY (JPY=X) determined by investor appetite for risk The Dollar/Yen is being pressured on Monday from lower demand for risky assets. U.S. stock market weakness is driving some investors into the safe-haven Japanese Yen. The catalysts behind the weakness are weaker-than-expected trade data from China and concerns over the U.S. government shutdown. Investors […]
Japanese Yen: USD/JPY (JPY=X) moving in a fairly narrow side corridor After the “New Year storm,” caused by the lack of liquidity, the Japanese currency is complete calm, moving in a fairly narrow side corridor within 107.75-109.10. The pair met the end of the week in the same place where it started , near the […]
Japanese Yen: USD/JPY (JPY=X) turning bearish after decline USD/JPY has rolled over and eaten into the gains made earlier in the week. Having faltered at ¥109.00, we now need to watch to see if the current move higher off the ¥107.80 level fails to recover ¥109.00. If it does bounce and then turn lower, we have […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Higher USD Lower Crude Oil Down Stocks Higher sans Japan In Asia Gold: Gold prices rose Thursday as expectations that the Fed will pause its rate tightening cycle this year. Spot gold was up 0.2% at $1,295.84 oz as of 0556 GMT, hanging near Friday’s at $1,298.42, a mark last seen in mid-June 2018. US gold futures gained […]
Japanese Yen: USD/JPY (JPY=X) seems likely that the overall market focus will remain to the downside USD/JPY has still failed to recapture the levels seen before it occurred. Unless and until Dollar bulls can make good at least that loss, then it seems likely that the overall market focus will remain to the downside. Last […]
Japanese Yen: USD/JPY (JPY=X) edges higher after recent slump After last week’s sudden drop, USD/JPY has been pushing slowly higher. Trendline support from the lows of 3 January has underpinned this move. A reversal back below ¥108.00 would mark a resumption of the downward move. On the upside, the next target is ¥109.60, then ¥109.85 and ¥110.00. […]
Japanese Yen: USD/JPY (JPY=X) nice selling opportunity in the next few days The Japanese yen is of course a safety currency, and with the US/China trade war issues out there it makes sense that the Japanese yen could be attractive to some traders. I think that the first couple of months of 2019 will continue […]
Japanese Yen: USD/JPY (JPY=X) rally could pick up steam The USD/JPY rally could pick up steam this week if it gets help from rising Treasury yields and increased appetite for risk. Powell was dovish in delivering his message that the Fed will be flexible with all of its monetary policy tools, including the important balance […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Up USD Off Crude Oil Up Stocks Higher Notes: Selling pressure on US stocks fading, positive sentiment recovering. The Big Q: Will stock markets can sustain their recovery at the start of the New Year? In Asia Gold: Gold on pace to end the year on a high note after rallying almost 5% in the past month […]
Japanese Yen: USD/JPY (JPY=X) 2019 Outlook Overall, the bias in prices is: Upwards. The projected upper bound is: 129.61. The projected lower bound is: 100.81. The projected closing price is: 110.21. Candlesticks A big black candle occurred. This is bearish, as prices closed significantly lower than they opened. If the candle appears when prices are […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Up USD Off Crude Oil Choppy Stocks Higher Notes: Selling pressure on US equities is beginning to fade, but the VIX is still around 29 with investor risk sentiment still recovering. The CBOE Volatility Index rose mid-week to 36, its highest mark since early February. It has since pulled back to 29, still above a recent […]
Japanese Yen: USD/JPY (JPY=X) eased below the 111 mark Overall, the bias in prices is: Downwards. By the way, prices are vulnerable to a correction towards 112.17. The projected upper bound is: 112.15. The projected lower bound is: 109.61. The projected closing price is: 110.88. Candlesticks A black body occurred (because prices closed lower than […]
Japanese Yen: USD/JPY (JPY=X) continues to strengthen as short-sellers begin to pare positions The Dollar/Yen is posting a slight recovery early Wednesday, following a combined steep sell-off the first two sessions of the week. The price action indicates a slight divergence from the major U.S. stock indexes, which could be a sign of a possible […]
Japanese Yen: USD/JPY (JPY=X) hits fresh lows USD/JPY has broken below the ¥112.20 support area, and while a rebound from intraday oversold levels is possible, it looks like this will be another selling opportunity. Downside targets now lie at ¥111.40 and then the 200-day SMA at ¥110.87. Overall, the bias in prices is: Downwards. The projected […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Steady USD Down Crude Oil Off Asian Stocks Off Notes: The Federal Open Market Committee (FOMC) announce its interest rate stance Wednesday, the market sold off. In Asia Gold: Gold prices steadied on Thursday, after shedding half a percent in the previous session as the Fed delivered a less-dovish outlook on monetary tightening than many wanted and had […]
Japanese Yen: USD/JPY (JPY=X) hits trendline support USD/JPY has declined off the back of the 76.4% retracement, with a head and shoulders ultimately driving a decline in the pair towards the ¥112.23 swing low. That has also seen the descending trendline come into play, raising the possibility of a rebound from here. Much of it will […]
Japanese Yen: USD/JPY (JPY=X) finds support ahead of 112 Overall, the bias in prices is: Sideways The projected upper bound is: 113.71. The projected lower bound is: 111.47. The projected closing price is: 112.59. Candlesticks A black body occurred (because prices closed lower than they opened). During the past 10 bars, there have been 5 […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up USD Down Crude Oil Off Asian Stocks Cautious Notes: We do not believe OPEC cuts will work this time around with Qatar going out and Iran refusing to cut, and there is a Big Q is when Russia will go to its agreed production level. US shale oil production will continue to increase. So, […]
Japanese Yen: USD/JPY (JPY=X) increased demand for risky assets The Dollar/Yen finished higher last with support coming from increased demand for risky assets and expectations of a Fed rate hike this week. The Forex pair did give up some of its gains late in the week as investors flocked into the safe-haven Japanese Yen. Last […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Flat to Little Changed USD Mixed/Firm Crude Oil Steady Asian Stocks Cautious Notes: We do not believe OPEC cuts will work this time around with Qatar going out and Iran refusing to cut, and there is a Big Q mark when Russia will go to its agreed production level. And US production will go on […]
Japanese Yen: USD/JPY (JPY=X) upside capped by fears of a global economic slowdown The Dollar/Yen closed lower on Friday as extreme weakness in the global equity markets encouraged investors to seek shelter in the safe-haven Japanese Yen. Sellers hit the equity markets hard early in the session following the release of weaker-than-expected retail sales and […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Steady USD Mixed/Firm Crude Oil Off Asian Stocks Falling In Asia Notes: China feeling the pain, the nation’s November retail sales grew at the weakest pace since Y 2003 and industrial output rose the least in nearly 3 years as domestic demand softened further, underlining rising risks to the economy as Beijing now works to quickly […]
Confidence among Japan’s biggest manufacturers was unchanged this quarter after slipping for three consecutive surveys, central bank data showed on Friday. The Bank of Japan’s Tankan report — a quarterly survey of about 10,000 companies — showed a reading of 19 among major manufacturers in its December survey. The reading was unchanged from the previous […]
Japanese Yen: USD/JPY (JPY=X) maintains upward momentum The bounce off the 100-day simple moving average (SMA) is intact, and with a positive crossover looming on the daily moving average convergence divergence (MACD) the bulls could see further upside from here for USD/JPY. Trendline resistance comes in around ¥113.89, with a break higher from here ending the […]
Euro: USD/EUR (EUR=X) tumbles from key trendline resistance EUR/USD managed to fall sharply yesterday, amid a burgeoning fiscal crisis in France. Interestingly, we saw the price respect the descending trendline that seemed to be negated on Friday. This has taken us into trendline and horizontal support, with the price currently consolidating marginally above the notable $1.1305 […]
Japanese Yen: USD/JPY (JPY=X) remains confined to a broad trading range The Japanese Yen has been in a broad trading range against the US Dollar since late October and it looks as though it will be worth playing for some time yet. The range base comes in at 112.34 which is just about exactly where the first, 23.6% Fibonacci […]
Shanghai: SSE Composite Index (.SSEC) China agreed to reduce tariffs on U.S. autos Japan’s benchmark Nikkei 225 added 1.7 percent in early trading to 21,501.95. Australia’s S&P/ASX 200 edged up 0.8 percent to 5,618.70. South Korea’s Kospi was up nearly 1.0 percent at 2,073.20. Hong Kong’s Hang Seng added 1.5 percent to 26,166.63, while the […]
Gold Up, USD Down, Stocks Down + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up USD Down Crude Oil Fell Asian Stocks Down In Asia Gold: Gold is higher Thursday as growing risk aversion weighed on USD Spot gold up 0.2% at $1,239.86 oz as of 0429 GMT US gold futures up 0.2% at $1,244.9 oz. Note: Technicals; Spot gold may test resistance at $1,245 oz Markets are […]
Japanese Yen: USD/JPY (JPY=X) falls sharply The USD/JPY pair has been hit by heavy selling, having been unable to move above ¥114.00 over the past month. The next area of support is around ¥112.30, the late November lows. Below this is the October low around ¥111.65. Any break higher requires a daily close above trendline resistance from […]
Japanese Yen: USD/JPY (JPY=X) expected to trade sideways for now We expected USD to “edge lower” since last Thursday (29 Nov, spot at 113.55) but it traded in a quiet manner and closed at about the same level on Thursday (113.47) and Friday (113.46). The mild downward momentum has eased and USD is still likely […]
Japanese Yen: USD/JPY (JPY=X) may continue to consolidate USD/JPY marks another failed attempt to test the 2018-high (114.55)as Fed Chairman Jerome Powell tames speculation for an extended hiking-cycle,and the dollar-yen exchange rate may continue to consolidate ahead of the next interest rate decision on December 19 as it preserves the range for November. The reaction […]
Japanese Yen: USD/JPY (JPY=X) gives back gains After falling sharply, USD/JPY may try to rebound, but it will need to recover ¥113.60 otherwise a more bearish view begins to emerge. Below ¥113.20 the price heads towards ¥112.40. Overall, the bias in prices is: Sideways. The projected upper bound is: 114.56. The projected lower bound is: 112.30. The […]
Japanese Yen: USD/JPY (JPY=X) under selling pressure and drops to 113.70 The pair has now faded the earlier spike to multi-day highs in the 113.90 area and it has returned to the 113.70 region, turning negative for the day. The now bearish performance in spot follows the drop in yields of the key US 10-year […]
Japanese Yen: USD/JPY (JPY=X) rally revives The dollar continues to find its feet, with a sustained pickup in USD/JPY over the past week. Gains yesterday stalled at ¥113.64, but above here the ¥114.00 area comes into view, followed by the peak from October at ¥114.50. Dips towards ¥113.00 would still be potential buying opportunities. Overall, the bias […]
Japanese Yen: USD/JPY (JPY=X) inflation indicators next The Japanese yen has ticked higher in the Monday session. In North American trade, USD/JPY is trading at 113.46, up 0.45% on the day. On the release front, Japanese Flash Manufacturing PMI dipped to 51.8, shy of the estimate of 53.0. This marked a 4-month low. Later in […]
Japanese Yen: USD/JPY (JPY=X) mixed performance expected The Dollar/Yen put in a mixed performance last week before closing higher. The price action was a little skewed last week due to thin trading conditions because of bank holidays in the United States and Japan. The Forex pair started the week under pressure as investors continued to […]
Japanese Yen: USD/JPY (JPY=X) falters after bounce The price for USD/JPY has rallied but with the US out of the equation for the day further gains may not be forthcoming. If dip buyers can come in and create a higher low above this week’s low around ¥112.30 then a new trend may develop. Above ¥113.20 the price […]
Japanese Yen: USD/JPY (JPY=X) risk appetite pulling back a bit Major uptrend line which is part of the up trending channel, as well as major support at the ¥112 level. Under their, we have the 200 day EMA which tends to attract a lot of attention. I think at this point we are in a […]
Japanese Yen: USD/JPY (JPY=X) bears take charge USD/JPY has continued to decline, and a small rally towards ¥112.60 has been met with fresh selling. Unless the price recovers the ¥113.40 level, then any rally looks to be a selling opportunity. The next levels to watch on the downside include ¥111.82 and then ¥111.38. Overall, the bias […]
Japanese Yen: USD/JPY (JPY=X) resistance at 113.10 The Japanese yen has posted slight losses in the Monday session. In North American trade, USD/JPY is trading at 112.48, down 0.32% on the day. On the release front, Japan’s trade surplus rose to JPY 0.30 trillion, lower than the estimate of JPY 0.48 trillion. There are no […]
Japanese Yen: USD/JPY (JPY=X) falters again USD/JPY continues to weaken, and we look for further declines towards the 50-day simple moving average (SMA) at ¥112.76. Rallies have been sold into over the past few days, but a rebound above ¥113.64 would be bullish in the near term. Overall, the bias in prices is: Sideways. By the […]
Japanese Yen: USD/JPY (JPY=X) falters again USD/JPY continues to weaken, and we look for further declines towards the 50-day simple moving average (SMA) at ¥112.76. Rallies have been sold into over the past few days, but a rebound above ¥113.64 would be bullish in the near term. Overall, the bias in prices is: Sideways. By the […]
Japanese Yen: USD/JPY (JPY=X) preparing for a breakout Amid the recent pressure on U.S. stocks, traditional safe-haven assets have not performed well. Weakness in the Japanese yen, Swiss franc, and gold have highlighted the limited interest in fleeing from U.S. equities. However, this dynamic may be ready to shift. A reversal of today’s early rallies […]
Japanese Yen: USD/JPY (JPY=X) keeps on rallying The ascent of USD/JPY continues, consolidating above ¥114.00 and on course to target the ¥114.50 area seen at the beginning of October. Dips have been firmly bought over the past few days, so we would need to see a move below ¥113.00 to suggest some near-term weakness. Overall, the bias […]
Japanese Yen: USD/JPY (JPY=X) Focus is at 114.54. While we highlighted yesterday (08 Nov, spot at 113.55) “there is a good chance for USD to move to 114.00”, the pace of the advance has been faster than anticipated (USD touched 114.08 during NY hours). As highlighted, a break of 114.00 would shift the focus to […]
Japanese Yen: USD/JPY (JPY=X) Bank of Japan is widely expected to press on with its ultra-loose monetary policy The Dollar/Yen rose last week as buyers returned to the stock market, dampening the attraction of the Japanese Yen as a safe-haven asset. However, the biggest influence on the Forex pair was the diverging monetary policies of […]
Japanese Yen: USD/JPY (JPY=X) gains continue The uptrend from the lows of last week continues, with the price of the USD/JPY clocking up a higher high in the process on the hourly chart. The next target is now ¥114.50, the highs from early October. Dips towards ¥113.00 may well find buyers. Overall, the bias in prices is: […]
Japanese Yen: USD/JPY (JPY=X) sharp retreat Intraday bias in USD/JPY is turned neutral with today’s sharp retreat. On the upside, above 113.81 will extend the rebound from 113.37 to 114.54 resistance. We’d be cautious on strong resistance from there to limit upside to bring another fall. On the downside, break of 112.56 minor support will […]
Ferrari’s (NYSE:RACE) Tailor Made Program Highlighted in Japan $RACE Some Ferrari clienti just do not want a standard Ferrari After introducing the gorgeous J50 Special Edition at the end of Y 2016 to mark 50 years in Japan, Ferrari is now showing its appreciation for the Land of the Rising Sun. Highlighting the company’s Tailor Made division by […]
Japanese Yen: USD/JPY (JPY=X) challenges recent resistance The 31 October high at ¥113.38 for USD/JPY is still acting as resistance, with an attempt to move above this level today defeated. Above this, ¥113.64 and then ¥114.50 are potential targets. Due to ¥112.56 being defended by buyers last week, a move below this is required to […]
Japanese Yen: USD/JPY (JPY=X) first support at 112.60 The USD/JPY extends its sideways movement into the NA session and struggles to determine its next short-term direction as investors stay on the sidelines ahead of Tuesday’s critical midterm elections in the U.S. As of writing, the pair was virtually unchanged on the day at 113.18. The […]
Japanese Yen: USD/JPY (JPY=X) New month, new mood 115.55 was a high point in the first half of 2017 and is an upside target. 114.60 was the high point in early October and serves as resistance. 114 is a round number and was a stepping stone on the way down. 113.40 capped the pair in […]
Japanese Yen: USD/JPY (JPY=X) could get a slight dip The US dollar has done very little against the Japanese yen during trading on Thursday, which of course is not a huge surprise considering that the jobs number comes out in the United States on Friday. This is one of the most sensitive pairs to that […]
Japanese Yen: USD/JPY (JPY=X) Bank of Japan maintained its monetary policy The Japanese yen has posted slight gains in the Wednesday session, after recording losses in the past two sessions. In North American trade, USD/JPY is trading at 113.15, up 0.06% on the day. On the release front, the Bank of Japan maintained its monetary […]
Japanese Yen: USD/JPY (JPY=X) strides higher USD/JPY has recovered from weakness at the end of last week, and moved above the post-March rising trendline once more. Further gains above ¥113.00, which acted as resistance in mid-October, would target ¥113.64 and then ¥114.50. Price action at the end of last week suggests that there is support around […]
Japanese Yen: USD/JPY (JPY=X) BOJ decision next The Japanese yen has posted considerable losses in the Monday session, erasing Friday’s gains. In North American trade, USD/JPY is trading at 112.40, up 0.45% on the day. On the release front, Japanese retail sales posted a strong gain of 2.1%, matching the forecast. In the U.S, the […]
Japanese Yen: USD/JPY (JPY=X) Stock sell-off, mixed data Global stock markets dropped sharply and set the tone for currencies as well. A mix of concerns about the Fed’s rate hikes, Trump’s tariffs, a slowdown in emerging markets, Brexit, and Italy’s stand-off with the EU all weighed. Towards the end of the week, unimpressive earning by […]
Japanese Yen: USD/JPY (JPY=X) 111.80 would suggest further USD weakness We held the same view since last Thursday (18 Oct, spot at 112.65) wherein “USD has moved into a consolidation phase” and is expected to trade sideways within a 111.80/113.30 range. The price action since then is line with our expectation as USD traded sideways […]
Japanese Yen: USD/JPY (JPY=X) currently mixed The Japanese yen is currently mixed. While the yen is steady against the US dollar and Australian dollar, the currency is strengthening against the euro and the British pound. Yesterday, the yen strengthened against the US dollar following renewed volatility in US equity markets. Trading volumes in yen futures […]
Japanese Yen: USD/JPY (JPY=X) Japanese policymakers are keeping a close eye on the strained relations between China and the U.S The Japanese yen has edged lower in the Monday session. In North American trade, USD/JPY is trading at 112.68 up 0.12% on the day. On the release front, Japanese All Industries Activity improved 0.5%, up from […]
Japanese Yen: USD/JPY (JPY=X) buyers still in control USD/JPY’s bounce off the lows from the beginning of the week remains intact, and a fresh drop yesterday brought out the buyers. Above ¥112.75 the price targets ¥113.64 and then ¥114.49. A close below ¥111.62 is needed to negate rising trendline support and suggest a more bearish […]
Japanese Yen: USD/JPY (JPY=X) forming a hammer The US dollar initially fell against the Japanese yen during trading on Wednesday but found the ¥112 level to be supportive enough to turn things around. Towards the end of the day, we are forming a hammer, and the FOMC Meeting Minutes seem to only confirm what we […]
Japanese Yen: USD/JPY (JPY=X) renewed selling pressure The USD/JPY pair came under a renewed selling pressure in the early NA session as the weakening market sentiment allowed the JPY to gather strength as a safe-haven. After dropping to a fresh daily low at 112.06, the pair recovered slightly and was last seen trading at 112.12, […]
Japanese Yen: USD/JPY (JPY=X) follows the rules USD/JPY could be executing a classic bounce off a rising trendline, finding support around ¥111.60, where the trendline from the March lows comes into play. We have yet to see a new higher high intraday however, so a move above ¥112.50 is needed to suggest bullish momentum has […]
Japanese Yen: USD/JPY (JPY=X) global risk sentiment is deteriorating The Japanese yen is currently strengthening against all major currencies. The yen is currently the strongest against the British pound. Last week, the yen moved up sharply against the US dollar. Notably, week-over-week trading volumes in yen futures were up sharply relative to the previous week […]
Japanese Yen: USD/JPY (JPY=X) Stock correction or change of course? The Japanese yen returned to its role as a safe-haven currency. The sell-off in stocks sent money flowing into the yen. The correction seen late in the week helped the pair recover as well. US data did not help the greenback: Core CPI got stuck at […]
New Tokyo Fish Market Starts Traditionally with Tuna Auction Tokyo’s famous fish market reopened Thursday at a new location but retained its most famous tradition: the tuna auction. The customary clanging of bells opened the auction for raw and frozen tuna, which crammed the huge warehouse wall-to-wall, at the waterfront Toyosu facility. The rhythmical shouts […]
Japanese Yen: USD/JPY (JPY=X) follows equities lower USD/JPY is one area where forex markets have seen similar drama to equity markets. The retracement has been swift and may well continue, with the 50-day simple moving average (SMA) at ¥111.82 one possible area of support, and then rising trendline support from the March lows at around ¥111.65. […]
Japanese Yen: USD/JPY (JPY=X) rising global bond yields The Japanese yen is currently weakening against all major currencies. The yen is the weakest against the British pound today. Yesterday, the yen ended the day slightly lower against the US dollar. Notably, trading volumes in Japanese yen futures accelerated relative to the previous session and compared […]
Japanese Yen: USD/JPY (JPY=X) takes on trendline resistance Downtrend resistance at ¥113.50 will come into play if the bounce seen so far today for USD/JPY gathers momentum. If it breaks higher, then ¥113.64 and then ¥114.50 are the next targets to watch. Further declines below ¥112.80 will open the way to ¥112.15 and then rising trendline support […]
Japanese Yen: USD/JPY (JPY=X) temporary correction 115.55 was a high point in the first half of 2017 and is an upside target. 114.70 capped the pair in December and is the next resistance to watch. The round number of 114 is closely watched. 113.15 is the high point seen in July. 112.80 held the USD/JPY […]
Japanese Yen: USD/JPY (JPY=X) inflation remains well below the Bank of Japan target of close to 2% In Japan, inflation remains well below the Bank of Japan target of close to 2%, and the business sector has lowered its expectations regarding inflation. According to a BoJ survey, companies are projecting inflation at 0.8%, down from […]
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F1: Ferrari (NYSE:RACE) the Japanese Grand Prix This Weekend $RACE 2018 F1 Japanese Grand Prix 30th Anniversary Suzuka, the most popular race track + the most copied Concerns about Typhoon Trami, which has caused serious damage in Japan, have now faded. The days leading up to the Grand Prix have been beautifully Sunny, with temperatures […]
Japanese Yen: USD/JPY (JPY=X) continues upwards After yesterday’s small move lower we have seen a recovery for USD/JPY, holding the ¥113.64 level. A fresh push above ¥114.00 targets ¥114.50, which had been significant resistance throughout 2017. A deeper pullback below ¥113.64 would target rising trendline support from the March lows, around ¥112.00. Overall, the bias in […]
Confidence among Japan’s biggest manufacturers has slipped for the third straight quarter, a key central bank survey showed on Monday, reflecting concern about trade wars and a string of natural disasters. The Bank of Japan’s Tankan report — a quarterly survey of about 10,000 companies — showed a reading of 19 among major manufacturers in […]
Japanese Yen: USD/JPY (JPY=X) Close to Resistance If the NKY and US 10 y yields continue to track higher, there is no reason the markets shouldn’t take out 114 this week. However, counter to my original thoughts that the USDJPY was an under-owned position, the latest CFTC data is painting a decidedly different picture as […]
Japanese Yen: USD/JPY (JPY=X) suggest a double top has been created The ¥113.00 level continues to act as strong resistance for USD/JPY, and further declines may suggest a double top has been created. A decline may aim for the March rising trendline, targeting ¥111.00. Above ¥113.00, the price will head towards the December 2017 peak at […]
Japanese Yen: USD/JPY (JPY=X) surge continues unabated Since the beginning of the month the intraday dips in USD/JPY have been steadily bought, so we would need to see a move below ¥112.40 to break this run of higher lows. From here a deeper retracement towards the post-March rising trendline, down towards ¥111.30, could see fresh buying pressure […]
Japanese Yen: USD/JPY (JPY=X) traders brush off US-China tensions he Japanese yen is currently weakening against all major currencies except the Australian dollar and the Canadian dollar. Last week, the yen continued to weaken against the US dollar. Trading volumes in Japanese yen futures decelerated week-over-week, albeit to a fairly small degree. Today’s USD/JPY trading […]
Japanese Yen: USD/JPY (JPY=X) looking set to retrace once more USD/JPY managed to rally from trendline support perfectly yesterday, with the pair pushing through the top end of the Bollinger band. However, with the price shifting back below the upper band, we can draw similarities with the previous occasions that we broke higher within this channel. The […]
Japanese Yen: USD/JPY (JPY=X) pulls back into trendline support USD/JPY has dropped into trendline support overnight, with the recent channel looking to come back into play. Looking at the stochastic oscillator, we can also see an area of trendline support coming into view too. With that in mind, there is a good chance we will see […]
Japanese Yen: USD/JPY (JPY=X) watching politics The on-going Bank of Japan (BoJ) meeting finds the conclusion due 19 September with markets widely expecting the BoJ to hold steady, an assumption likely to remain status quo for a long time to come. The true focus for the week, however, would be with trade tensions instead amid […]
Japanese Yen: USD/JPY (JPY=X) Fewer concerns but also a potential change of policy by the BOJ The deadline came and went and the US did not impose new tariffs on China. On one hand, Trump threatened to add additional ones. On the other hand, Treasury Secretary Steven Mnuchin initiated talks with China. Does he have […]
Japanese Yen: USD/JPY (JPY=X) rebounds sharply and extends daily gains The USD/JPY pair dropped immediately after the release of a lower-than-expected US CPI reading. It fell to 111.35 and then rebounded sharply, breaking on top of 111.60. The greenback also climbed above intraday August highs and reached 111.90, the highest since August 1. As of writing was […]
Economist are Bullish on Global Growth $SPY, $MME=F, $GS,$JPM, $C, $BAC, $DB Wall Street economists are sticking with their forecasts for the global economy to enjoy its strongest growth since the start of the decade even as emerging markets wobble and trade disputes escalate. The Big Q: The reason? The Bit A: The US is […]
Japanese Yen: USD/JPY (JPY=X) vulnerable to a correction towards 110.77 USD/JPY rebounded on chatter of US-China talks but that’s all been given back now and more. The pair is down 50 pips on the day to 111.14 after a quick 10 pip drop in the past few minutes as stops below the earlier session low […]
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Japanese Yen: USD/JPY (JPY=X) still on the up USD/JPY has been pushing steadily higher over the past few days, although a close above ¥111.80 still eludes it. Above this, ¥112.20 and then ¥113.00 come into view. A close below ¥110.70 would be needed to suggest more near-term weakness. Overall, the bias in prices is: Sideways. By […]
Japanese Yen: USD/JPY (JPY=X) EM stress yet to spark haven buying While it is impossible to ignore the fact that South Africa is now technically in recession, and Turkey and Argentina are facing currency stress, so far US stock markets have proven to be relatively immune to any contagion. Analysts at Maybank believe that eventually, […]
Japanese Yen: USD/JPY (JPY=X) moves above 50-day SMA USD/JPY is advancing once again, with buyers stepping in around the ¥111.00 level over the past three sessions. The move back above the 50-day SMA (¥111.19) adds to the bullish view. Further gains would target the area around ¥112.00 that has acted as resistance since the end of […]
Japanese Yen: USD/JPY (JPY=X) Data on the Quieter Side this Week For the Japanese yen, data is on the quieter side, with key stats limited to 2nd quarter capital spending due out on Monday and July household spending figures on Friday. Direction through the week will ultimately come down to risk appetite through the week. The […]
Japanese Yen: USD/JPY (JPY=X) uptrend renewed with the recent break through 111.50 The Japanese yen has edged higher in the Thursday session, erasing the losses seen on Wednesday. In North American trade, the pair is trading at 111.26, down 0.38% on the day. On the release front, Japanese retail sales dropped to 1.8%, but still […]
Japanese Yen: USD/JPY (JPY=X) break of 111.48 suggests that rebound from 109.76 is resuming USD/JPY’s break of 111.48 suggests that rebound from 109.76 is resuming. Intraday bias is back on the upside for 112.14 resistance. Note again that correction from 113.17 should have completed at 109.76 already. Break of 112.14 should target a test on […]
Japanese Yen: USD/JPY (JPY=X) Rebound has scope to extend higher but 112.14 is likely out of reach Despite the overall positive indications, USD has not been able to make much headway on the upside as it traded within relatively narrow ranges over the past couple of days. We continue see scope for a higher USD […]
Japanese Yen: USD/JPY (JPY=X) investors searching for cues While the US dollar vs Japanese yen pair ( USD / JPY ) is one of the few major pairs that didn’t succumb to the strength in the greenback this morning, Fed Powell’s dovish comments could be seen as supportive for risk-on trades and put a lid […]