#Dollar #rates #yields #C19coronavirus $USD $DXY $EUR $GBP $JPY EUR rose the most in a decade in July, the GBP marked its best July since Y 1990, and for the 1st time this year, every major currency in the world rose against the Buck. It is all thanks to the USD’s 4.6% dive, its biggest […]
$USDJPY #FX #TRADING #JAPAN #ECONOMY Japan’s economy will contract 4.7 percent in the year to March 2021, the central bank said Wednesday, projecting a recovery the following year but warning that deep uncertainty remains. The fresh outlook, with policymakers giving a range of contraction from 5.7 to 4.5 percent, is a downgrade from an April […]
#USDJPY #JPY #JAPAN Japan’s unemployment rate rose to 2.9 percent in May, official data showed Tuesday, the third consecutive monthly rise as the coronavirus pandemic takes its toll on the world’s number-three economy. The 0.3-percentage-point rise from April suggests Japan’s first recession since 2015 is beginning to have an impact on the labour market. Another […]
$.DXY $USO $GLD $XAU A Key measure of USD is the ICE US Dollar Index .DXY, -0.12%, and it has been weakening over the past 30 days, down 3.9%, but is up a bit YTD, rising 0.1%, according to FactSet data. The index measures USD Vs a basket of 6 peer currencies, including the EURUSD, +0.03%, the GBPUSD, 0.29% and USDJPY, +0.06%. A weaker USD has […]
$DX $.DXY $USD $JPY $EUR $GBP $CAD Tuesday, the USD reversed late in the session and is now trading lower against a basket of major currencies. The selling pressure is being led by a strong upward surge in the Euro. The Canadian Dollar is also making a comeback along with the British Pound. The Japanese Yen has been strong all session […]
$USD $EUR $JPY The USD finished higher Friday after data showed the US labor market dramatically improved in May, but the Buck ended lower on the week for a 3rd wk running. Investors might not have noticed it amid all the excitement, but a quiet decline by USD should get some credit for the stock […]
Japan announced fresh stimulus plans worth nearly $300 billion on Wednesday to pep up the economy after the coronavirus pandemic tipped the country into recession. Consumer spending has slowed to a crawl despite Japan’s relatively low infection numbers and death toll from the disease outbreak, prompting the first economic downturn since 2015. In response Prime […]
• USD steady in quiet trading with US and UK markets closed.• CAD leads G10 but remains firmly range-bound.• EUR trades around 1.09 ahead of EU relief fund proposal.• GBP unchanged despite Brexit and political tensions.• JPY modestly lower as stocks gain.• AUD little change in low 0.65s on limited price action.• MXN leads majors […]
Japanese Yen: USD/JPY (JPY=X) Buy at 105.20 USD/JPY has opened the week’s trade on a bearish note as risk-off amid fresh US-China trade woes weighs. The major was trading 0.14% lower on the day at 106.73 at around 05:15 GMT after closing 0.23% lower on Friday’s trade. US diplomats allege China for the mishandling of […]
Japanese Yen: USD/JPY (JPY=X) near-term bias remains neutral The Dollar/Yen finished marginally higher last week after posting an uneventful two-sided trade. The Forex pair fell to a two-week low as risk sentiment returned to the market following better-than-expected economic data from China (Trade Balance), which painted a less gloomy picture than feared following the coronavirus […]
Japanese Yen: USD/JPY (JPY=X) outlook bullish for stronger gain to 118.59/61 early next week Pay attention to the stock market, because it will make quite a bit of difference as to where this market goes. Ultimately, this is a market that I think continues to see a lot of noise but clearly if we break […]
Japanese Yen: USD/JPY (JPY=X) Strengthens Over 106.706, Weakens Under 106.450 The Dollar/Yen fell to a two-week low early Wednesday as risk sentiment returned to the market. On Tuesday, the selling was fueled by better-than-expected economic data from China, which painted a less gloomy picture than feared following the coronavirus outbreak there. In today’s session investors […]
Japanese Yen: USD/JPY (JPY=X) – US Dollar Looking for a Bottom Against Yen The US dollar has pulled back a bit during the trading session on Tuesday as we continue to test the ¥107 level. Ultimately, this is a market that I think will eventually have to make up its mind as to whether or not it […]
Japanese Yen: USD/JPY (JPY=X) is now near important retracement territory The Japanese Yen has made gains on a broadly weaker US Dollar for the past week, but USD/JPY is now closing in on a key support area. Fundamentally, investors have been rethinking some of their Dollar-long positions as they weigh up the dawning US corporate earnings […]
Japanese Yen: USD/JPY (JPY=X) Fed Brings in More Dollars The Dollar/Yen drifted on Friday mostly due to thin holiday trading with most of the major financial centers closed for Good Friday. The general theme for the week was bearish with another stimulus measure by the U.S. Federal Reserve weighing the most on prices. Investors primarily […]
$USD Last time I looked, USD was on pace for a weekly loss Friday as the Fed’s massive new Big Bang lending program for small companies and sa slowdown in coronavirus infections reduced safe-haven demand. The GBP pulled ahead against the dollar and the euro as markets breathed a sigh of relief after British PM […]
Japanese Yen: USD/JPY (JPY=X) Consolidating The US dollar has gone back and forth during the trading session on Wednesday, as we continue to dance around the 50 and the 200 day EMA indicators. At this point, the market doesn’t necessarily look as if it is ready to go anywhere anytime soon, so I believe that the market […]
Japanese Yen: USD/JPY (JPY=X) Bulls Are Still Strong USD/JPY has bounced off session lows at 108.67 and was trading at 109.10. The pair’s near-term outlook has turned bullish after breakout at 200+DMA resistance on Monday’s trade. On the economic front, Japan’s preliminary estimate of the February Leading Economic Index, came in at 92.1, beating the […]
$XAU $GLD $XAG $SLV $PLAT $USD $JPY $MTA Gold prices spiked up Monday, extending a 3-session rally Monday gold futures for delivery on the COMEX exchange were up nearly 3% or +47.60 at 1693.30 just shy of the intra-day high at 1695.90. That was the highest mark in 2 wks, in a rally driven by […]
Japanese Yen: USD/JPY (JPY=X) – Surge in Demand for Risky Assets Sinks Japanese Yen The Dollar/Yen is trading higher late Monday, helped by increased demand for risky assets and concerns that a jump in the number of coronavirus cases in Japan will do further damage to the already wounded economy. At 13:50 GMT, the USD/JPY is trading […]
Japanese Yen: USD/JPY (JPY=X) – Fear of Global Recession Makes Dollar Highly Desired Liquid Asset The Dollar/Yen firmed last week as investors took shelter in the U.S. currency amid worsening economic fallout from the coronavirus pandemic. Investors largely shrugged off the U.S. Non-Farm Payrolls report that showed massive job losses of 701,000 last month, compared […]
Japanese Yen: USD/JPY (JPY=X) – US Dollar Struggles Against Safety Currency The US dollar initially tried to rally during the trading session on Thursday but gave back the gains as it looks like we are seeing a lot of trouble right around the ¥107.50 level. Ultimately, the market is likely to continue to go lower due to […]
Japanese Yen: USD/JPY (JPY=X) More bearish on souring risk sentiment The dollar held gains on Thursday as investors rushed to the security of the world’s most liquid currency as the coronavirus pandemic caused massive disruptions to global trade. The dollar index against a basket of major six currencies gained 0.53% overnight as the U.S. currency […]
Japanese Yen: USD/JPY (JPY=X) – US Dollar Attempts to Continue Move Higher Against Yen The US dollar has broken higher during the trading session on Tuesday, breaking above the candlestick that was so neutral and interesting on Monday. This suggests that we could go higher but we are also seeing a bit of the selloff as the […]
Japanese Yen: USD/JPY (JPY=X) – Japanese Prime Minister Shinzo Abe pledged “huge” stimulus Last week, the Dollar/Yen tumbled as investors shed their safe-haven positions in the greenback after the Federal Reserve announced unprecedented stimulus measures and President Trump signed the biggest financial aid package in history. Both moves mean there will be plenty of U.S. […]
$USD $.DXY The Buck posted its biggest weekly decliner in more than 10 yrs Friday, as trillions of dollars worth of aid/stimulus efforts by governments and central banks helped temper a rout in global markets driven by the coronavirus pandemic. The USD surged in March as tumbling stock and debt markets caused a scramble for […]
Japanese Yen: USD/JPY (JPY=X) – US Dollar Breaks Through Major Support The US dollar has broken down significantly during the trading session on Thursday, slicing through the bottom of several hammers that had formed over the last several days. At this point, the ¥112 level is an area that seems to be crucial for traders to pay […]
Japanese Yen: USD/JPY (JPY=X) US Dollar Continues to Power Higher The US dollar rallied a bit during the trading session again on Wednesday, as the ¥112 level looms large just above. If the market can finally break through there, it will obviously go much higher, due to the fact that every time this market has […]
Japanese Yen: USD/JPY (JPY=X) – Early Signs of a Top as Swap Spreads Narrow The Dollar/Yen is trading slightly lower on Tuesday. The price action suggests the dollar funding conditions may be easing slightly, compared to a week ago, though the tight trading range indicates things are far from normal. With the Fed pumping dollars […]
Japanese Yen: USD/JPY (JPY=X) – US Dollar Drifts Lower Against Yen The US dollar initially tried to rally during the trading session on Monday but ran into a bit of trouble above the ¥111 level as the Federal Reserve has announced a buying program of expanded assets. At this point, the market is starting to look a […]
Japanese Yen: USD/JPY (JPY=X) – With Yen Falling, BOJ Not Expected to Bring Out Monetary Bazooka The Dollar/Yen closed higher on Friday and in a position to challenge it February 20 top at 112.226 and its April 24, 2019 main top at 112.405 as six major central banks announced a coordinated action to enhance liquidity […]
Japanese Yen: USD/JPY (JPY=X) – US Dollar hits major round figure against Yen The US dollar has reached towards the ¥110 level against the Japanese yen during trading on Thursday but looks as if it is trying to pull back from there. The massive selloff just above should continue to keep pressure on this market as we […]
Japanese Yen: USD/JPY (JPY=X) – US Dollar Recovers After Initial Fall The US dollar initially pulled back a bit during the trading session on Wednesday but then turned around to show signs of strength. The ¥108 level is going to offer a bit of resistance, and so will the 200 day EMA which sits just above there. […]
Japanese Yen: USD/JPY (JPY=X) – US Dollar Explodes to The Upside The US dollar has rallied significantly during the trading session on Friday, reaching towards the ¥107.50 level. At this point, the market has seen a lot of selling pressure in this area and I think that we may run out of steam here. Furthermore, I can […]
Japanese Yen: USD/JPY (JPY=X) – US Dollar Continues to Trade On Fear The US dollar has fallen against the Japanese yen during trading on Wednesday, as we are now below the ¥105 level again. Ultimately, this is a market that continues to dance around the gap that had formed. The ¥104.20 level is an area […]
Japanese Yen: USD/JPY (JPY=X) Retraces but Sellers are Waiting The USD/JPY is moving towards 106.30 the POC confluence zone. At this point we might see a retracement but watch out for fresh sellers. 106.30-40 is the zone where we might see fresh selling. If the price moves within 106.30-70, fresh sellers could join and turn […]
Japanese Yen: USD/JPY (JPY=X) – Fiscal Stimulus Hopes Sink Demand for Safe Haven Yen The Dollar/Yen is trading higher on Tuesday and the price action indicates the Forex pair could move a lot higher this week amid speculation that several major governments will announce stimulus measures this week. Yields are rising in the United States, […]
$GLD $XAU $OIL $USO $USD $MSCI Crude Oil and global equity markets bounced back after the Monday’s losses as the world’s biggest economies moved to cushion the impact of the coronavirus, but stock gains in Europe failed to hold as investors are still cautious. The price of Brent Crude Oil climbed 10% on hopes a […]
Japanese Yen: USD/JPY (JPY=X) – Us Dollar Gets Crushed Against Japanese Yen And Safety Bid The US dollar has been crushed against most currencies around the world during the trading session on Monday, and especially against the Japanese yen as it is without a doubt the best performer globally. This as markets are falling apart, […]
$OIL $USO $GLD $SPY $XAU $JPY Crude Oil markets tumbled more than 30% after the disintegration of the OPEC+ alliance triggered an all-out price-war between Saudi Arabia and Russia. Brent Crude Oil futures suffered the 2nd-largest drop on record in the opening secs of trading in Asia, behind only the dive during the Gulf War […]
Japanese Yen: USD/JPY (JPY=X) – US Dollar Falls Hard Against Japanese Yen The US dollar has broken down significantly during the week, reaching down towards the ¥105 level. That is the bottom of a larger consolidation area, so the question is whether or not we can continue to break down? I do think that it […]
Japanese Yen: USD/JPY (JPY=X) US Dollar Breaks Down Against Japanese Yen The US dollar initially tried to rally during the trading session on Thursday but gave back the gains as we continue to see risk go back and forth in the markets overall. The US dollar initially tried to rally during the trading session on […]
Japanese Yen: USD/JPY (JPY=X) Traders Waiting for BOJ to Make Its Move The Dollar/Yen is trading slightly higher on Wednesday after reversing earlier losses. The move is being fueled by a pick-up in demand for higher risk assets, however, weaker Treasury yields are helping to cap gains. Despite the turmoil in the markets, the response […]
Japanese Yen: USD/JPY (JPY=X) – US Dollar Pulls Back Against Japanese Yen After G7 Disappoints The US dollar has pulled back a bit during the trading session after initially trying to rally above the 200 day EMA. The G7 had a conference call that ended up being a very disappointing event, as the G7 suggested […]
Japanese Yen: USD/JPY (JPY=X) Looking for Signs of life The US dollar broke down significantly during the trading session on Friday as fear continues to be a major driver of markets. The Japanese yen is likely to continue to be a safety currency, and at this point it looks like the US dollar is being […]
Japanese Yen: USD/JPY (JPY=X) Main Trend Changes to Down after Powell Hints at Rate Cut Any doubts about the Japanese Yen’s status as a safe-haven asset were put to bed on Friday after the currency rallied to a 20-week high against the U.S. Dollar on Friday. The Yen posted its largest daily gain since May […]
Japanese Yen: USD/JPY (JPY=X) under pressure The Dollar/Yen is under pressure on Thursday after the yield on the benchmark 10-year U.S. Treasury note resumed its slide and fell to a new record low as concerns over the impact of the coronavirus weakened global equity markets, sending investors into the safe-haven Japanese Yen. The move lower […]
Japanese Yen: USD/JPY (JPY=X) – US Dollar Choppy Against Japanese Yen The US dollar has been all over the place against the Japanese yen during the trading session on Tuesday, as Japan went back to work after the Emperor’s birthday. That being said, the market is struggling to determine whether or not the US dollar […]
Japanese Yen: USD/JPY (JPY=X) Back to Safe-Haven Status? The Dollar/Yen is trading lower for a third consecutive session on Tuesday as sellers continue to erase the huge spike to the upside which took place on February 19 and February 20. The price action suggests that those predicting the end of the Japanese Yen’s dominance as […]
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 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 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 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 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 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 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 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 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 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 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 […]
$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 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 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 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 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 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 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 […]
$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 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 […]