Japanese Yen: USD/JPY (JPY=X) – Bank of Japan’s Kuroda Blames Yen’s Fall on Strong Dollar, Upbeat on Economy

Japanese Yen: USD/JPY (JPY=X) – Bank of Japan’s Kuroda Blames Yen’s Fall on Strong Dollar, Upbeat on Economy

Japanese Yen: USD/JPY (JPY=X) – Bank of Japan’s Kuroda Blames Yen’s Fall on Strong Dollar, Upbeat on Economy The Dollar/Yen is trading lower on Monday as some investors are apparently moving back into the Japanese Yen due to its safe-haven qualities. Last week, the Japanese Yen plunged nearly 2% against the U.S. Dollar, even while […]

Japanese Yen: USD/JPY (JPY=X) Investors Fear Spreading Coronavirus Will Drag Down Asian Economies

Japanese Yen: USD/JPY (JPY=X) Investors Fear Spreading Coronavirus Will Drag Down Asian Economies

Japanese Yen: USD/JPY (JPY=X) Investors Fear Spreading Coronavirus Will Drag Down Asian Economies The major surprise in the Forex markets last week was the plunge in the Japanese Yen. The usual safe-haven currency posted its worst week in two-and-a-half years as worries about the coronavirus’ spread in South Korea, Japan and Beijing drove funds from […]

Japanese Yen: USD/JPY (JPY=X) could find some type of profit-taking

Japanese Yen: USD/JPY (JPY=X) could find some type of profit-taking

Japanese Yen: USD/JPY (JPY=X) could find some type of profit-taking The US dollar has rallied again during the trading session on Thursday, reaching towards the ¥112 level. We are bit overbought at this point though, so don’t be surprised at all to see this market pullback. If it does, the ¥110 level underneath is what […]

Japanese Yen: USD/JPY (JPY=X) – Strengthens Over 109.938, Weakens Under 109.876

Japanese Yen: USD/JPY (JPY=X) – Strengthens Over 109.938, Weakens Under 109.876

Japanese Yen: USD/JPY (JPY=X) – Strengthens Over 109.938, Weakens Under 109.876 The Dollar/Yen is trading higher on Wednesday as a slight decline in the number of new coronavirus cases lifted risk appetite. The number of new virus cases fell for a second straight day, even as the death toll in mainland China crossed 2,000 on […]

Japanese Yen: USD/JPY (JPY=X) market is trying to reach towards the ¥110 level again

Japanese Yen: USD/JPY (JPY=X) market is trying to reach towards the ¥110 level again

Japanese Yen: USD/JPY (JPY=X) market is trying to reach towards the ¥110 level again The US dollar had initially pulled back a bit during the trading session on Tuesday, only to turn around and form a hammer like candle. This shows that the market is trying to reach towards the ¥110 level again, and I […]

Japanese Yen: USD/JPY (JPY=X) – Japan’s Economy is Feeling the Chills from Coronavirus

Japanese Yen: USD/JPY (JPY=X) – Japan’s Economy is Feeling the Chills from Coronavirus

Japanese Yen: USD/JPY (JPY=X) – Japan’s Economy is Feeling the Chills from Coronavirus As the coronavirus continues to preoccupy the financial markets, the ramifications of the outbreak are being felt worldwide. Those countries with extensive commercial links with China are facing the growing possibility that the virus will cause extensive damage to their economies. Pacific […]

Japanese Yen: USD/JPY (JPY=X) Appetite for Risk Declines

Japanese Yen: USD/JPY (JPY=X) Appetite for Risk Declines

Japanese Yen: USD/JPY (JPY=X) Appetite for Risk Declines The Dollar/Yen is down sharply on Thursday after China’s Hubei province, the epicenter of a coronavirus outbreak, reported a sharp jump in the number of new cases in a surprise to investors, sparking a flight into the safe-haven Japanese Yen. Hubei on Thursday reported 14,840 new cases […]

Japanese Yen: USD/JPY (JPY=X) investor indecision and impending volatility

Japanese Yen: USD/JPY (JPY=X) investor indecision and impending volatility

Japanese Yen: USD/JPY (JPY=X) investor indecision and impending volatility The Dollar/Yen is edging higher on Wednesday, but inside yesterday’s range. This tends to indicate investor indecision and impending volatility. The Forex pair has traded inside Friday’s range all week, solidifying our conclusion that investors aren’t sure how to play the coronavirus story. Improving risk appetite […]

Japanese Yen: USD/JPY (JPY=X) continues to see a lot of resistance

Japanese Yen: USD/JPY (JPY=X) continues to see a lot of resistance

Japanese Yen: USD/JPY (JPY=X) continues to see a lot of resistance The US dollar has pulled back a bit during the trading session on Tuesday, as we continue to see a lot of resistance near the ¥110 level. That’s an area that of course will attract a lot of attention, as it is a large, […]

Japanese Yen: USD/JPY (JPY=X) a pullback should be a buying opportunity

Japanese Yen: USD/JPY (JPY=X) a pullback should be a buying opportunity

Japanese Yen: USD/JPY (JPY=X) a pullback should be a buying opportunity The US dollar has gone back and forth against the Japanese yen in early trading for the week, but the ¥110 level should continue to be an area that should cause a certain amount of resistance based not only upon previous selling, but also […]

Japanese Yen: USD/JPY (JPY=X) lingering concerns over the impact of the coronavirus

Japanese Yen: USD/JPY (JPY=X) lingering concerns over the impact of the coronavirus

Japanese Yen: USD/JPY (JPY=X) lingering concerns over the impact of the coronavirus The Dollar/Yen firmed as global equity markets and government debt yields slumped on Friday as lingering concerns over the impact of the coronavirus on global growth overshadowed a better-than-expected U.S. jobs report that indicated an economy on pace to grow moderately. Wall Street […]

Gold Price Seen at $2,000 Near Term

Gold Price Seen at $2,000 Near Term

$XAU $GLD $SPY $SPX The S&P 500 posted a record high Wednesday at +37.10, or 1.1% at 3334.69 The reverse side of market optimism was the correction of safe-havens such as JPY and Gold. The JPY declined against the Buck, lead USDJPY to its highs in a 1. wks near 109.50, showing a rebound from the 200-Day SMA. Gold dropped […]

Japanese Yen: USD/JPY (JPY=X) bouncing from a major trend line

Japanese Yen: USD/JPY (JPY=X) bouncing from a major trend line

Japanese Yen: USD/JPY (JPY=X) bouncing from a major trend line The US dollar has rallied a bit during the trading session on Monday to kick off the week, bouncing from a major trend line. There is also the 200 day EMA underneath so the technical bounce should probably be somewhat expected. That being said, if […]

Investors Flock To Safe-Haven Japanese Yen: USD/JPY (JPY=X) Amidst Coronavirus Panic

Investors Flock To Safe-Haven Japanese Yen: USD/JPY (JPY=X)  Amidst Coronavirus Panic

Investors Flock To Safe-Haven Japanese Yen: USD/JPY (JPY=X) Amidst Coronavirus Panic The Japanese Yen exchange rates trended higher against the majority of its peers over the last week as the currencies perceived safe-haven status created significant demand from investors spooked by the coronavirus outbreak in China. Markets grew increasingly unsettled by coronavirus developments this week […]

Japanese Yen: USD/JPY (JPY=X) looking towards the ¥110 level

Japanese Yen: USD/JPY (JPY=X) looking towards the ¥110 level

Japanese Yen: USD/JPY (JPY=X) looking towards the ¥110 level The US dollar has filled the gap from the open on Monday, so it’s very likely that we will then go looking towards the ¥110 level, which would be an area that will attract a lot of attention because it is a large, round, psychologically significant […]

Japanese Yen: USD/JPY (JPY=X) pullbacks will continue to offer plenty of value

Japanese Yen: USD/JPY (JPY=X) pullbacks will continue to offer plenty of value

Japanese Yen: USD/JPY (JPY=X) pullbacks will continue to offer plenty of value The US dollar has rallied slightly against the Japanese yen on Monday, as we continue to see a lot of US dollar strength in general. That being said, the market has exploded to the upside and we are a bit of her stretched […]

Japanese Yen: USD/JPY (JPY=X) investors react to a mixed performance in the global equity markets

Japanese Yen: USD/JPY (JPY=X) investors react to a mixed performance in the global equity markets

Japanese Yen: USD/JPY (JPY=X) investors react to a mixed performance in the global equity markets The Dollar/Yen is trading nearly flat on Tuesday as investors react to a mixed performance in the global equity markets. Helping to put a lid on the Forex pair is the plunge in Asia Pacific shares. Underpinning the Forex pair […]

Japanese Yen: USD/JPY (JPY=X) global growth concerns continue to be a major issue

Japanese Yen: USD/JPY (JPY=X) global growth concerns continue to be a major issue

Japanese Yen: USD/JPY (JPY=X) global growth concerns continue to be a major issue The US dollar has gapped lower against the Japanese yen to kick off the week on Monday, as global growth concerns continue to be a major issue, especially now that the Chinese are starting to close down entire cities. With that being […]

Spreading Virus Spurs Rush to Buy Gold

Spreading Virus Spurs Rush to Buy Gold

$XAU $GLD $XAG $SLV Gold spiked as the spread of the coronavirus globally spurred demand for haven assets. Prices rose as Crude Oil tumbling. In the latest attempt at containment, China extended the week-long Lunar New Year holiday and banned all outgoing overseas group tours to avoid having travelers contribute to its spread. President Xi’s […]

Japanese Yen: USD/JPY (JPY=X) Failing to Hold Gains

Japanese Yen: USD/JPY (JPY=X) Failing to Hold Gains

Japanese Yen: USD/JPY (JPY=X) Failing to Hold Gains The US dollar tried to rally during the trading session on Wednesday but gave back quite a bit of the gains in order to form a less than impressive candlestick. That being the case, if we break down below the bottom of the candlestick for the Wednesday […]