Japanese Yen: USD/JPY (JPY=X) 112.00 still eludes bulls to the upside

Japanese Yen: USD/JPY (JPY=X) 112.00 still eludes bulls to the upside

Japanese Yen: USD/JPY (JPY=X) 112.00 still eludes bulls to the upside The Japanese Yen has managed to fend off challenges from Dollar bulls since late February with the psychological 112.00 level remaining out of reach for USD/JPY. The pair did manage to poke above that point on an intraday basis on February 28 and again on March […]

Japanese Yen: USD/JPY (JPY=X) should remain very calm

Japanese Yen: USD/JPY (JPY=X) should remain very calm

Japanese Yen: USD/JPY (JPY=X) should remain very calm The US dollar has done very little against the Japanese yen during trading on Thursday, as we continue to bounce around between the ¥112 level on the top, and the ¥111.50 level on the bottom. Looking at this chart, it’s obvious that we are simply waiting for some type […]

Japanese Yen: USD/JPY (JPY=X) Appetite for Risk Could Trigger Surge Over 112.335

Japanese Yen: USD/JPY (JPY=X) Appetite for Risk Could Trigger Surge Over 112.335

Japanese Yen: USD/JPY (JPY=X) Appetite for Risk Could Trigger Surge Over 112.335 The Dollar/Yen rose to its highest level since December 20 last week as demand for higher risk assets jumped amid a more upbeat outlook on some of the major economies of the world and the prospect of a trade deal between the United […]

Japanese Yen: USD/JPY (JPY=X) pressing major resistance

Japanese Yen: USD/JPY (JPY=X) pressing major resistance

Japanese Yen: USD/JPY (JPY=X) pressing major resistance The US dollar has initially pulled back during the trading session on Thursday but has turned around to break above the ¥111 level slightly. There is a massive amount of resistance above, and I think that should be something that you pay attention to. The ¥111.50 level is a […]

Japanese Yen: USD/JPY (JPY=X) Lack of Clarity Over Trade Deal

Japanese Yen: USD/JPY (JPY=X) Lack of Clarity Over Trade Deal

Japanese Yen: USD/JPY (JPY=X) Lack of Clarity Over Trade Deal The Dollar/Yen is trading lower on Tuesday in reaction to a drop in U.S. Treasury yields and lower demand for risky assets. This comes just one day after the Forex pair jumped to its highest level since December 27 on the back of higher Treasury […]

Japanese Yen: USD/JPY (JPY=X) focus is on inflation data

Japanese Yen: USD/JPY (JPY=X) focus is on inflation data

Japanese Yen: USD/JPY (JPY=X) focus is on inflation data USD/JPY has posted slight gains on Monday. In the North American session, the pair is trading at 111.10, up 0.38% on the day. It’s a light day for fundamentals, with no key events out of the United States. In Japan, the focus is on inflation data. […]

Japanese Yen: USD/JPY (JPY=X) sits at 110.80 levels but the 111.00 handle still proves to be elusive

Japanese Yen: USD/JPY (JPY=X) sits at 110.80 levels but the 111.00 handle still proves to be elusive

Japanese Yen: USD/JPY (JPY=X) sits at 110.80 levels but the 111.00 handle still proves to be elusive The pair continues to find support from around 110.50 and buyers broke back above the 100-hour MA (red line) in earlier trading to establish a more near-term bullish bias. The break comes after yet more disappointing data from […]

Japanese Yen: USD/JPY (JPY=X) expected to post a trade surplus after recording six successive deficits

Japanese Yen: USD/JPY (JPY=X) expected to post a trade surplus after recording six successive deficits

Japanese Yen: USD/JPY (JPY=X) expected to post a trade surplus after recording six successive deficits USD/JPY continues to show little movement this week. In Tuesday’s North American session, the pair is trading at 110.63, up 0.03% on the day. On the release front, there are no major events out of the United States. Japan is […]

Japanese Yen: USD/JPY (JPY=X) Japanese PPI disappointed with a gain of 0.6%

Japanese Yen: USD/JPY (JPY=X) Japanese PPI disappointed with a gain of 0.6%

Japanese Yen: USD/JPY (JPY=X) Japanese PPI disappointed with a gain of 0.6% USD/JPY has gained ground in the Wednesday session. In the North American session, the pair is trading at 110.76, up 0.25% on the day. On the release front, Japanese PPI disappointed with a gain of 0.6% in January, shy of the estimate of […]

Japanese Yen: USD/JPY (JPY=X) pushes higher again

Japanese Yen: USD/JPY (JPY=X) pushes higher again

Japanese Yen: USD/JPY (JPY=X) pushes higher again The USD/JPY recovery goes on here, with the price moving back above the 50-day simple moving average (SMA) for the first time since mid-December. Further gains target ¥111.52. Last week saw the price stabilise around ¥109.80, and then break higher. A pullback towards ¥110.00 might provide another buying opportunity. Overall, […]

Japanese Yen: USD/JPY (JPY=X) Little Guidance from Global Equity Markets

Japanese Yen: USD/JPY (JPY=X) Little Guidance from Global Equity Markets

Japanese Yen: USD/JPY (JPY=X) Little Guidance from Global Equity Markets The major equity indexes in Asia are trading mixed on Monday with investors watching out for developments on the U.S.-China trade situation. Negotiators are set to go back to the table later after taking the week off due to the Lunar New Year holidays. Last […]

Japanese Yen: USD/JPY (JPY=X) bias remains neutral this week

Japanese Yen: USD/JPY (JPY=X) bias remains neutral this week

Japanese Yen: USD/JPY (JPY=X) bias remains neutral this week USD/JPY edged higher to 110.16 last week but turned sideway since then. Initial bias remains neutral this week first. On the upside, break of 110.16 will extend the rebound from 104.69. But we’d expect strong resistance from 61.8% retracement of 114.54 to 104.69 at 110.77 to […]

Japanese Yen: USD/JPY (JPY=X) Renewed Fears Over Trade Talks

Japanese Yen: USD/JPY (JPY=X) Renewed Fears Over Trade Talks

Japanese Yen: USD/JPY (JPY=X) Renewed Fears Over Trade Talks The Dollar/Yen is trading lower on Wednesday as safe-haven buying drew investors into the Japanese Yen. Although some market participants are calling President Trump’s State of the Union address a “dud”, Dollar/Yen traders seem to be leaning to the negative side. Trump didn’t say much to […]

Japanese Yen: USD/JPY (JPY=X) Back to 110.00 as Recovery Sets in

Japanese Yen: USD/JPY (JPY=X) Back to 110.00 as Recovery Sets in

Japanese Yen: USD/JPY (JPY=X) Back to 110.00 as Recovery Sets in Similar to the British Pound above, USD/JPY started the year with fireworks that have seemingly taken a back seat over the past four weeks. Prices in USD/JPY have recovered from the earlier-year ‘flash crash,’ and prices have run back-up to a key zone of resistance that runs from […]

Japanese Yen: USD/JPY (JPY=X) Chinese New Year holidays a prevalent distraction for a good part of the week

Japanese Yen: USD/JPY (JPY=X) Chinese New Year holidays a prevalent distraction for a good part of the week

Japanese Yen: USD/JPY (JPY=X) Chinese New Year holidays a prevalent distraction for a good part of the week As noted in our Asia week ahead, a relatively quiet week sets ahead compared to the barrage of events we saw in the previous one. Alongside the thinned market on the back of the Chinese New Year holidays, […]

The Fed and the trade negotiations could impact the Japanese Yen: USD/JPY (JPY=X)

The Fed and the trade negotiations could impact the Japanese Yen: USD/JPY (JPY=X)

The Fed and the trade negotiations could impact the Japanese Yen: USD/JPY (JPY=X) The Dollar/Yen is trading lower on Wednesday in a limited trading range ahead of the start of the crucial trade talks between the U.S. and China, and the latest monetary policy decisions from the U.S. Federal Reserve. Both events could trigger a […]

Japanese Yen: USD/JPY (JPY=X) risk-off offers fresh lift to JPY bulls

Japanese Yen: USD/JPY (JPY=X) risk-off offers fresh lift to JPY bulls

Japanese Yen: USD/JPY (JPY=X) risk-off offers fresh lift to JPY bulls USD/JPY trades 0.06% lower on the day at 109.26 at 0500 GMT, bias lower.  The pair is extending weakness as the safe-haven Japanese yen remains in demand amid risk-off.  USD bulls remian on the side lines ahead of the Fed’s two-day policy meeting and […]

Japanese Yen: USD/JPY (JPY=X) at risk of fresh downward move

Japanese Yen: USD/JPY (JPY=X) at risk of fresh downward move

Japanese Yen: USD/JPY (JPY=X) at risk of fresh downward move The USD/JPY has traded in a tight range over the past week, moving from ¥109.20 to ¥110.00. A break above ¥110.00 would target the 200-day SMA at ¥111.14, while a push below ¥109.00 suggests that the pair has topped out and will resume the downward move in […]

Japanese Yen: USD/JPY (JPY=X) stuck below ¥110

Japanese Yen: USD/JPY (JPY=X) stuck below ¥110

Japanese Yen: USD/JPY (JPY=X) stuck below ¥110 As with equities, USD/JPY has struggled to make much upward progress so far this week. Rallies to ¥110.00 continue to hold back progress, but dips to ¥109.20 and ¥109.40 have found buyers. The current uptrend remains in place until the price breaks back below ¥109.00. Overall, the bias in prices […]

Japanese Yen: USD/JPY (JPY=X) BoJ’s interest rate decision was to remain on hold

Japanese Yen: USD/JPY (JPY=X) BoJ’s interest rate decision was to remain on hold

Japanese Yen: USD/JPY (JPY=X) BoJ’s interest rate decision was to remain on hold JPY weakened somewhat as BoJ’s interest rate decision was to remain on hold as was widely expected. The decision was accompanied by cuts in the forecasts for the core CPI rate in 2019/20 and a small boost in the forecast for the […]

Dip in Japanese Yen: USD/JPY (JPY=X) uptrend provides bulls with an opening

Dip in Japanese Yen: USD/JPY (JPY=X) uptrend provides bulls with an opening

Dip in Japanese Yen: USD/JPY (JPY=X) uptrend provides bulls with an opening As with equities, USD/JPY’s bounce has stalled over the past couple of sessions, but the uptrend is still in place. The pullback from Friday highs has been met with buying so far this morning, with the price finding support around ¥109.35. If a higher […]

Japanese Yen: USD/JPY (JPY=X) investors eye BoJ statement

Japanese Yen: USD/JPY (JPY=X) investors eye BoJ statement

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

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

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) stuck in tight range

Japanese Yen: USD/JPY (JPY=X) stuck in tight range

Japanese Yen: USD/JPY (JPY=X) stuck in tight range USD/JPY has moved sideways over the past few days, from around ¥108 to ¥109. A break of this range is needed to provide definitive direction, but with the price having rallied overnight from the lows around ¥108, a possible short trade within the current range emerges. Alternatively, with […]

Japanese Yen: USD/JPY (JPY=X) seems likely that the overall market focus will remain to the downside

Japanese Yen: USD/JPY (JPY=X) seems likely that the overall market focus will remain to the downside

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

Japanese Yen: USD/JPY (JPY=X) edges higher after recent slump

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

Japanese Yen: USD/JPY (JPY=X) nice selling opportunity in the next few days

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

Japanese Yen: USD/JPY (JPY=X) rally could pick up steam

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 […]

Japanese Yen: USD/JPY (JPY=X) eased below the 111 mark

Japanese Yen: USD/JPY (JPY=X) eased below the 111 mark

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

Japanese Yen: USD/JPY (JPY=X) continues to strengthen as short-sellers begin to pare positions

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

Japanese Yen: USD/JPY (JPY=X) hits fresh lows

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 […]

Japanese Yen: USD/JPY (JPY=X) hits trendline support

Japanese Yen: USD/JPY (JPY=X) hits trendline support

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) upside capped by fears of a global economic slowdown

Japanese Yen: USD/JPY (JPY=X) upside capped by fears of a global economic slowdown

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 […]

Japanese Yen: USD/JPY (JPY=X) maintains upward momentum

Japanese Yen: USD/JPY (JPY=X) maintains upward momentum

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 […]