Japanese Yen: USD/JPY (JPY=X) Trade optimism weighs on safe-haven assets The USD/JPY started the day below the 109 handle on Thursday and spent the Asian session in a calm manner but rose sharply during the European trading hours after China’s Commerce Ministry said that the United States and China have agreed to roll back tariffs. […]
Japanese Yen: USD/JPY (JPY=X) expect choppy behaviour The US dollar pulled back slightly during the trading session on Wednesday in early trading, as we continue to bang up against the crucial 61.8% Fibonacci retracement level. If we can get a major breakout from here, this could be monumental. The US dollar has pulled back a bit […]
Japanese Yen: USD/JPY (JPY=X) market looks more bullish in the short term The US dollar has rallied again during the trading session on Tuesday, reaching towards the ¥109 level which also features the 200 day EMA. The US dollar has rallied significantly during the trading session on Tuesday but is also testing the crucial 200 day EMA. […]
Japanese Yen: USD/JPY (JPY=X) trapped between two major moving averages The US dollar gapped higher to kick the week off on Monday, showing signs of strength against the Japanese yen yet again. Ultimately, this is a market that is trapped between two major moving averages. The US dollar has gapped higher against the Japanese yen during the […]
Japanese Yen: USD/JPY (JPY=X) investors will be more focused on U.S.-China trade relations There is only one major economic report in the United States this week and none from Japan. This likely means investors will be more focused on U.S.-China trade relations. At the end of the week, things were looking more upbeat for at […]
Japanese Yen: USD/JPY (JPY=X) Smashed, Bullish Strategies No Longer Attractive I had previously looked at bullish scenarios in USD/JPY for long-USD scenarios. But given yesterday’s reaction, that scenario no longer looks as attractive and, if anything, the door may soon be opening for short-side swing scenarios in the pair, looking for resistance in that key zone that […]
Japanese Yen: USD/JPY (JPY=X) Powell’s Optimism Drives Risk-On Rally The Federal Reserve lowered interest rates for the third time this year by 25bp. While the move was widely expected, it triggered a small expansion in FX volatility. USD/JPY surged above 109 to a high of 109.28 before u-turning lower while EUR/USD dropped to 1.1080 and […]
Japanese Yen: USD/JPY (JPY=X) further upside may be on the horizon USD/JPY has traded below its 200DMA since the beginning of May and today is no different with the pair rejecting 109.05. However, as investors continue to pile in USD/JPY longs further upside may be on the horizon, which in turn would see USD/JPY above the 200DMA. […]
Japanese Yen: USD/JPY (JPY=X) Fed Rate Cut Priced In, BOJ Rate Decision Uncertain Strong demand for risky assets and a surge in U.S. Treasury yields are helping to drive the Dollar/Yen higher on Monday. The moves are being eased by the hope of a trade deal between the United States and China, the lifting of […]
Japanese Yen: USD/JPY (JPY=X) risk appetite remains fairly strong Dollar/yen showed little movement for a second straight week. It’s a busy week in Japan, with inflation and retail sales reports, as well as the Bank of Japan rate decision. In Japan, inflation levels remain weak. The BoJ Core CPI, the bank’s preferred inflation gauge, dipped to […]
Japanese Yen: USD/JPY (JPY=X) Bullish Development From the daily chart, we notice on Oct 3 USD/JPY stopped its downtrend move. On Oct 7 the price closed above 50-day average changing its course to the upside then printing 108.93 -its highest level in over six weeks. Today, USDJPY moves in a lower trading zone 107.30 – […]
Japanese Yen: USD/JPY (JPY=X) to remain under pressure until the European Union (EU) responds to the request to delay the current Brexit deadline The Dollar/Yen is edging lower on Wednesday as Brexit confusion weighed on investor appetite for risk, sending them into the perceived safety of the Japanese currency. The catalyst generating the move into […]
Japanese Yen: USD/JPY (JPY=X) currently trading around a pivotal technical juncture Once again drawn to the USD/JPY’s price action. Not that it has moved a lot – far from it – but because there is the potential for a sharp, technically-driven, move. As mentioned, rates haven’t moved much higher after breaking through 108.45 key resistance […]
Japanese Yen: USD/JPY (JPY=X) US Dollar Quiet Against Japanese Yen The US dollar did very little during the trading session on Monday, as traders came back from the weekend. Quite frankly, this looks as if it’s a market that doesn’t seem to want to go anywhere. The US dollar has done very little during the trading […]
Japanese Yen: USD/JPY (JPY=X) investors will be keeping an eye on U.S. durable goods orders and consumer confidence Japan’s consumer inflation remains subdued. National Core CPI dipped to 0.3% in August, down from 0.5% a month earlier. This was the indicator’s weakest gain since March 2017. BoJ Governor Kuroda noted that CPI is around 0.5%, […]
Japanese Yen: USD/JPY (JPY=X) At Crucial Junction The US dollar has gone sideways against the Japanese yen during the trading session on Thursday, as we essentially have had nowhere to be. Ultimately, this is a market that is trying to figure out whether or not it can break out to the upside for a longer-term […]
Japanese Yen: USD/JPY (JPY=X) currently correcting gains The US Dollar started a fresh increase from the 107.75 swing low against the Japanese Yen. The USD/JPY pair broke the key 108.00 resistance area to move into a positive zone. Moreover, there was a close above the 108.40 resistance and the 50 hourly simple moving average. The […]
Japanese Yen: USD/JPY (JPY=X) showing signs of resiliency by turning around The US dollar pulled back a bit during the trading session on Tuesday, showing signs of resiliency by turning around as we approached the crucial 200 day EMA. At this point, it’s very likely that the market is going to try to break above that level, […]
Japanese Yen: USD/JPY (JPY=X) target 109.75-84 From the daily chart, we notice at the start of last week USD/JPY rallied above the 50-Day moving average, then on Thursday moved to a higher trading zone 107.30 – 108.61. On Friday, the price rebounded nearby the high end of the zone, similarly to EUR/JPY. Hence, a close […]
Japanese Yen: USD/JPY (JPY=X) US dollar continues to churn against Yen The US dollar has initially fallen during the trading session on Wednesday, only to turn around to rally against the Japanese yen. Quite frankly, there’s a lot of noise out there involving the US/China trade situation, and perhaps a little bit of hope as […]
Japanese Yen: USD/JPY (JPY=X) supported early by a strong performance in the Asia Pacific markets The Dollar/Yen is inching lower on Tuesday after giving back earlier gains. The Forex pair was supported early by a strong performance in the Asia Pacific markets, but turned lower along with demand for higher-yielding assets in Europe and the […]
Japanese Yen: USD/JPY (JPY=X) Trump could trigger a break The Dollar/Yen is trading lower on Monday as renewed concerns over U.S.-China trade relations encouraged investors to seek shelter in the safe-haven Japanese Yen. Last week, the Forex pair was pressured by a series of weaker-than-expected U.S. economic report that dramatically increased the chances of a […]
Japanese Yen: USD/JPY (JPY=X) Fed Minutes Will Be Eyed Closely There are no major reports from Japan this week so the data from the U.S. will dictate the direction of the USD/JPY. Basically, lower Treasury yields and weaker stock prices will be bearish for the Forex pair. A drop in yields and trader demand for […]
Japanese Yen: USD/JPY (JPY=X) reverses off downtrend resistance- risk for further losses sub-108.18 The Japanese Yen snapped a four-day losing streak against the US Dollar yesterday with price marking a reversal pattern off daily confluence resistance. These are the updated targets and invalidation levels that matter on the USD/JPY price charts this week. Technical Outlook In my previous Japanese Yen Weekly Price Outlook we […]
Japanese Yen: USD/JPY (JPY=X) US dollar pressing resistance The US dollar has rallied again during the trading session on Tuesday against the Japanese yen, pressing against the 50% Fibonacci retracement level yet again. Just above, the 200 day moving average looms large. The US dollar has rallied a bit during the trading session on Wednesday, reaching towards […]
Japanese Yen: USD/JPY (JPY=X) market will continue to move along with risk appetite The US dollar continues to be rather noisy against the Japanese yen, as we are stuck between two major moving averages. Underneath, we have the red 50 day EMA, with the black 200 day EMA above. As we are dancing around in this […]
Japanese Yen: USD/JPY (JPY=X) recovers its upward momentum After several days of declines USD/JPY rebounded yesterday, stabilising around the 50-day simple moving average (SMA) of ¥107.06. If this can form a higher low, then a push above yesterday’s high will reinforce the bullish view and take the price on towards ¥108.40. Bears will want to see a move below […]
Japanese Yen: USD/JPY (JPY=X) May Reverse USD: The US Dollar remains king as its major counterparts weaken, most notably GBP. The greenback appears to have shrugged off the initital fears pertaining to an impeachment of President Trump. That said, it would take a 2/3 majority in the Senate to be able to remove Trump from office. […]
Japanese Yen: USD/JPY (JPY=X) likely that some downside potential could prevail Yesterday, the US Dollar appreciated slightly against the Japanese Yen. During Tuesday, the USD/JPY currency pair was trading at the 107.60 mark. Given that the exchange rate is trading near the upper boundary of the short-term descending channel, it is likely that some downside […]
Japanese Yen: USD/JPY (JPY=X) will continue to see a lot of back-and-forth grinding The US dollar has pulled back a bit against the Japanese yen initially during the trading session on Monday but has found a bit of buying at the 50 day EMA. That’s a technically significant event, and if we can stay above there, then […]
Japanese Yen: USD/JPY (JPY=X) trend is likely to continue because of uncertainties over U.S.-China trade relations The Dollar/Yen closed lower for the first time in three weeks in reaction to several factors including mixed central bank decisions, lower Treasury yields and a drop in demand for higher risk assets. The primary catalysts behind the weakness […]
Japanese Yen: USD/JPY (JPY=X) Price Forecast US Dollar Runs Into Resistance The US dollar has pulled back a bit against the Japanese yen during trading on Thursday as the 50% Fibonacci retracement level has made its presence known. That being said though, it’s very likely that the area that could cause quite a bit of issues not […]
Japanese Yen: USD/JPY (JPY=X) Federal Reserve meeting in focus The US dollar has done very little in the hours ahead of the Federal Reserve meeting as one would expect, and now that we are testing the ¥108 level it’s very likely that we are going to perhaps try to pop higher. If we can break above the […]
Japanese Yen: USD/JPY (JPY=X) testing weekly downtrend resistance ahead of Fed The US Dollar has rallied more than 3.6% against the Japanese Yen since the August lows / yearly lows with price now approaching broader downtrend resistance ahead of tomorrow’s highly anticipated FOMC interest rate decision. These are the updated targets and invalidation levels that matter on the USD/JPY weekly price chart. USD/JPY […]
Japanese Yen: USD/JPY (JPY=X) traders look for the safety of the yen after the drone attacks in Saudi Arabia The US dollar gapped lower against the Japanese yen as traders raced for caution and safety in the aftermath of those drone attacks. However, we have since spent the rest of the day trying to fill […]
Japanese Yen: USD/JPY (JPY=X) could rise sharply after the Fed announcement The Dollar/Yen reached its highest level since August 1 last week as investors continued to shed the safe-haven Japanese Yen in reaction to an easing of tensions between the United States and China, an improving U.S. economy and speculation that the Bank of Japan […]
Japanese Yen: USD/JPY (JPY=X) US dollar volatile during Thursday session against Japanese yen The US dollar reached above the ¥108 level, but then pulled back a bit as we have suddenly seeing a wall of worry when it comes to this trend. Keep in mind that this pair is highly sensitive to the stock markets […]
Japanese Yen: USD/JPY (JPY=X) Rises on BoJ Sources Japanese Yen weakened on the back of source reports that BoJ policymakers could be open to a debate on further monetary easing, which would entail cutting rates deeper into negative territory. Consequently, this pushed USD/JPY to session highs, before gains had been capped yet again at the 107.50 […]
Japanese Yen: USD/JPY (JPY=X) ¥105 level is the bottom of consolidation The US dollar has rallied a bit during the trading session on Monday, hanging about the ¥107 level. Ultimately, this is a market that will continue to be very noisy, as it is so sensitive to risk appetite in general. Ultimately, this is a market […]
Japanese Yen: USD/JPY (JPY=X) Testing Major Retracement Zone at 106.890 to 107.463 The Dollar/Yen closed slightly lower on Friday, while posting an inside move. The price action suggests investor indecision and impending volatility. It also shows that traders had almost no reaction to the U.S. Non-Farm Payrolls report, probably because it is not likely to […]
Japanese Yen: USD/JPY (JPY=X) implied volatility could creep higher US Dollar price action and FOMC member commentary is front and center with the kickoff of the Federal Reserve of Kansas City’s annual Jackson Hole Economic Symposium today. Forex traders and equity investors alike have anxiously awaited clarity from Fed Chair Powell and other central bank officials […]
Japanese Yen: USD/JPY (JPY=X) increased demand for risk overnight The Dollar/Yen is trading higher on Wednesday, rebounding from yesterday’s sell-off. Higher U.S. Treasury yields and increased demand for risk overnight are helping to underpin the Forex pair. The two-day price action suggests investors are squaring positions ahead of today’s release of the minutes of the […]
Japanese Yen: USD/JPY (JPY=X) ¥107 level above should continue to be resistance The US dollar rolled over a bit during the trading session on Tuesday, breaking below the bottom of the trading session on Monday. This of course is a very negative sign, and it should send this market much lower. At this point, the ¥107 […]
Japanese Yen: USD/JPY (JPY=X) starting to face a bit of resistance The US dollar has rallied a bit against the Japanese yen during the trading session on Monday, but then is starting to face a bit of resistance in the form of the ¥107 level. I think at this point the market is going to continue […]
Japanese Yen: USD/JPY (JPY=X) Investors will be keeping a close eye on the Federal Reserve minutes The U.S-China trade war saga continues. President Trump announced a delay on new U.S. tariffs against China, which were set to take effect on September 1. Still, tensions between the world’s two largest economies remains high, and the mass demonstrations […]
Japanese Yen: USD/JPY (JPY=X) Reversing to New Lows On Monday, both British Pound and US Dollar weakened against Japanese Yen, with GBP/JPY testing its lowest level in over two and half years at 126.55. Meanwhile, USD/JPY printed 105.05 – Its lowest level in over seven months. This week the Relative Strength Index (RSI) climbed above 30 on GBP/JPY, then moved […]
Japanese Yen: USD/JPY (JPY=X) ¥105 level will be targeted The US dollar broke down a bit during the trading session on Wednesday, dropping from the ¥107 level. This is an area that was previous support, so the fact that it has offered resistance should not be a huge surprise. With that in mind I believe that […]
Japanese Yen: USD/JPY (JPY=X) Retail trade data shows that 71% of traders are net-long USD/JPY: Retail trader data shows 71.4% of traders are net-long with the ratio of traders long to short at 2.49 to 1. In fact, traders have remained net-long since May 03 when USD/JPY traded near 111.977; price has moved 6.1% lower since then. […]
Japanese Yen: USD/JPY (JPY=X) continues to see a lot of global uncertainty The ¥105 level was tested early during the trading session on Monday, as we finally fulfilled that move that I had been talking about. The question now is whether or not we stay above there or if we break down going forward. It’ll be […]
Japanese Yen: USD/JPY (JPY=X) under pressure USD/JPY has, for now, established a bottom at ¥105.50, but this lower low continues to reinforce the bearish view. The gains made earlier in the week have been eroded, with the price failing to hold first ¥107.00 and then ¥106.50. Overnight gains stalled below ¥106.30, so if this continues to […]
Japanese Yen: USD/JPY (JPY=X) exposed to test new support levels On the USD / JPY daily chart below, it seems clear that the price of the pair is exposed to test new support levels in the event of moving around and below the 105 psychological support, the lowest in seven months. Attempts for a bullish […]
Japanese Yen: USD/JPY (JPY=X) global flight to safety continues to benefit the pair The greenback selling pressure picked up the pace in the last hour and dragged the USD/JPY pair farther below the 106.00 handle, back closer to multi-month lows set in the previous session. Investors are growing increasingly pessimistic about the outlook for the […]
Japanese Yen: USD/JPY (JPY=X) support at the lower parallel around 105.55 Price posted an outside weekly reversal off resistance last week with the decline now targeting confluence near-term support at the lower parallel around 105.55. Look for a reaction there- resistance at 106.78 backed by 107.21 with bearish invalidation at 107.60. A break lower expose 104.65. Technical Indicators Overall, the bias in prices […]
Japanese Yen: USD/JPY (JPY=X) bearish with short-term outlook The anti-risk Japanese Yen and Swiss Franc outperformed against their major counterparts as Wall Street wrapped up its worst week this year. While the S&P 500 dropped nearly ¾ of a percent on Friday, it was European benchmark stock indexes that fared the worst. The Euro Stoxx 50 and DAX tumbled 3.26% and 3.11% respectively. The source […]
Japanese Yen: USD/JPY (JPY=X) puts in a monster day after FOMC-fuelled bounce USD/JPY finally tested above the 109.00 level, albeit temporarily. Since then bears have been on attack as prices have peeled all the way below 107.50, leaving a bearish engulfing candlestick on the chart. Overall, the bias in prices is: Downwards. The projected upper bound […]
Japanese Yen: USD/JPY (JPY=X) builds support at 108.47 A similar scenario as discussed in USD/CHF exists currently in USD/JPY. Prices put in a lower-high earlier this week, keeping the door open for bearish swing scenarios. And price action so far this week has tipped-lower, finding support at a Fibonacci level of relevance; keeping potential on both sides of […]
Bank of Japan maintains monetary policy tools unchanged, Japanese Yen: USD/JPY (JPY=X) gains The Japanese Yen saw cautious gains even though the Bank of Japan left key monetary policy setting tools unchanged in July. The policy balance rate and 10-year government bond yield target held at -0.10% and 0.00% respectively. Meanwhile, the central bank maintained its 80 trillion Yen […]
Japanese Yen: USD/JPY (JPY=X) BOJ is expected to leave its benchmark interest rate unchanged The Dollar/Yen rallied last week to its highest level since July 10 as investors pared expectations for aggressive Federal Reserve interest rate cuts. The price action was also driven by a widening of the spread between U.S. Government bond yields and […]
Japanese Yen: USD/JPY (JPY=X) focus will be keeping a close eye on the Bank of Japan Japanese inflation remains well below the BoJ’s target of just below 2.0%, and last week’s inflation indicators showed little change. The bank’s preferred inflation gauge, BoJ Core CPI, ticked lower to 0.6%, down from 0.7% in the previous release. […]
Japanese Yen: USD/JPY (JPY=X) price action suggests investor indecision and impending volatility The Dollar/Yen finished slightly lower on Wednesday, while trading inside the previous day’s range. The price action suggests investor indecision and impending volatility. Investors showed little reaction to a volatile Treasury market where yields dipped and firmed during the same session. The price […]
Japanese Yen: USD/JPY (JPY=X) in the middle of a consolidation area The US dollar initially tried to rally during the trading session on Wednesday but pulled back to reach towards the psychologically and structurally important ¥108 level. This is an area that has been supportive and resistive in the past, so it should be no surprise […]
Japanese Yen: USD/JPY (JPY=X) currently in the middle of a consolidation The US dollar rallied significantly during the trading session on Tuesday, breaking above the top of the shooting star for the Monday session. By doing so, we cleared the ¥108 level as well, which of course is a round figure that should attract a lot […]
Japanese Yen: USD/JPY (JPY=X) core inflation slowed to its weakest in two years In economic news, Japanese manufacturers’ business confidence hit a three-year low in July, highlighting the fragility of the export-led economy as external demand slackens in the face of cooling global growth and trade friction, the Reuters Tankan showed. Japan’s core inflation slowed […]
Japanese Yen: USD/JPY (JPY=X) could have another opportunity to resume its drop from Q2 Against the Japanese Yen, the Greenback did lose some momentum this past week. This is in-line with my third quarter USD/JPY technical forecast as rising support from June 2016 was taken out. While at first this seemed to be a false breakout to […]
Japanese Yen: USD/JPY (JPY=X) plenty of reasons to rally The US dollar has pulled back against the Japanese yen during the trading session on Thursday but has found enough support at the 61.8% Fibonacci retracement level to turn the market back around and show signs of life. At this point, the market looks as if we are […]
Japanese Yen: USD/JPY (JPY=X) turns negative after being unable to break 108.30 The USD/JPY pair dropped below Asian session lows and fell to 108.04. As of writing it was trading at 108.05/10 with the negative tone intact. Earlier today, the pair was unable to break above the 108.30 area that became a strong resistance. The […]
Japanese Yen: USD/JPY (JPY=X) breaking above the top of the shooting star The US dollar broke higher during the trading session on Tuesday, breaking above the top of the inverted hammer that forms for the Monday session. By doing so, it shows signs of strength and we could very well see this market climb from here […]
Japanese Yen: USD/JPY (JPY=X) Risk Aviation Causing Losses Strong signs from the US central bank of a near US interest rate cut contributed to stronger losses for the US dollar against other major currencies. The USD / JPY pair fell back to the support level 107.85 at the time of writing, after its recent gains, which lasted […]
Japanese Yen: USD/JPY (JPY=X) struggling to extend the momentum beyond the 109.00 handle The USD/JPY pair refreshed multi-week tops during the Asian session on Wednesday, albeit struggled to extend the momentum beyond the 109.00 handle. Following last week’s upbeat headline NFP print for June, diminishing odds for a 50bps point rate cut by the Fed […]
Japanese Yen: USD/JPY (JPY=X) returns to resistance In a milder version of the above in EUR/USD, US Dollar strength has pushed USDJPY back up to a resistance zone that’s been in-play for over a month. The big question is whether this can hold or whether US Dollar bulls pose a continued forward-push. A break-above the 108.80 swing-high […]
Japanese Yen: USD/JPY (JPY=X) market should continue to try to break out to the upside The US dollar has rallied again during early trading on Monday, reaching towards the ¥108.50 level. At this point, the market looks as if it is trying to reach towards the 50 day EMA above, and if we can break above […]
Japanese Yen: USD/JPY (JPY=X) Investors eye central banks The Japanese Tankan indices were mixed. The manufacturing indicator slipped to 7, missing the estimate of 9 points. The services sector has been much stronger, and the index climbed to 23, beating the forecast of 21 points. Housing spending sparkled, with a gain of 4.0%. This was […]
Japanese Yen: USD/JPY (JPY=X) stuck below trendline resistance The price of USD/JPY rallied off the lows yesterday, but for now remains below downtrend resistance from the April highs. A move above ¥108.00 would reinforce the emerging bullish picture, and perhaps suggest that a higher low is in play. This would be reversed if the price moves back […]
Japanese Yen: USD/JPY (JPY=X) pushes down from resistance Also on the side of USD-weakness, USDJPY has pushed-lower from a key zone of resistance while filling this week’s opening gap. This keeps the door open for further bearish potential in the pair. Prices are finding a bit of short-term support at the 107.50 level that was looked at […]
Japanese Yen: USD/JPY (JPY=X) highly sensitive to stock markets and risk appetite The US dollar has rolled over against the Japanese yen in early trading on Wednesday as we continue to see a major churn when it comes to this pair. Ultimately, this is a market that will continue to be very noisy based upon […]
Japanese Yen: USD/JPY (JPY=X) Investors now shift their focus to this week’s important US macro releases The USD/JPY pair quickly retreated around 30-pips from near two-week tops, albeit has managed to hold its neck comfortably above the 108.00 handle. The pair built on last week’s goodish recovery move from multi-month lows and opened with a […]
Japanese Yen: USD/JPY (JPY=X) demand for risky assets should also be stronger I expect the initial reaction to the news to be bullish for the Dollar/Yen. I’m expecting firm U.S. Treasury yields which should drive up demand for the U.S. Dollar. Demand for risky assets should also be stronger. Whether the rally in the USD/JPY […]
Japanese Yen: USD/JPY (JPY=X) struggles to find direction After climbing to its highest level in more than two weeks at 108.16, the USD/JPY pair lost its traction in the last hours and erased its daily gains. As of writing, the pair was virtually unchanged on a daily basis at 107.84. The latest reports surrounding the […]
Japanese Yen: USD/JPY (JPY=X) appears ripe for a pullback given the grind at support around the 107.00 Back on the short-side of the US Dollar, USDJPY has been an area of focus for the past month. The pair has done a fairly decent job of reflecting risk tonalities this year; flying-higher through Q1 as equity markets […]
Japanese Yen: USD/JPY (JPY=X) rises above 107 vs dollar, highest since January The U.S. dollar fell to a three-month low against the euro and dropped to its weakest against the Japanese yen since early January as the prospect of monetary easing by the Federal Reserve knocked demand for the U.S. currency. The euro hit a […]
Japanese Yen: USD/JPY (JPY=X) US dollar continues to look soft against the Japanese yen The US dollar has rallied slightly early during the trading session on Monday, but when taken in concert with the overall trend, there’s not much to look at here. There should continue to be resistance above at the previous 61.8% Fibonacci retracement […]
Japanese Yen: USD/JPY (JPY=X) likely to continue to be determined by trader reaction to Treasury yields Even with U.S. investors pricing in a 100-percent chance of a rate cut at the Fed’s next meeting on July 31, the direction of the USD/JPY is likely to continue to be determined by trader reaction to Treasury yields. […]
Japanese Yen: USD/JPY (JPY=X) holds key resistance USDJPY remains of interest for bearish USD-themes. The pair has held a big zone of resistance over the past two weeks as the USD fireworks have been on full display. As strength has returned to the Dollar over the past week, USDJPY has appeared immune as price action has continued to […]
Japanese Yen: USD/JPY (JPY=X) wait for another pullback higher Yesterday I opened two sell forex signals in AUD/USD and USD/JPY. USD/JPY had been retracing higher for the last two weeks after the strong decline three weeks ago, which looked like a good opportunity to sell since the pullback was overstretched. On the other hand, AUD/USD […]
Japanese Yen: USD/JPY (JPY=X) trading sideways The US dollar gapped higher to kick off the week on Monday, shot higher from there to form a couple of shooting stars, and have since pulled back to form a couple of hammers that filled the gap, and now we are just simply thinking about this market as one […]
Japanese Yen: USD/JPY (JPY=X) trapped in a tight 50-pip range USD/JPY is trading in a range between 108.20 and 108.70. The market seems to have found decent resistance at 108.55. The next supports to the downside are seen at 108.40 and 108.20. A break above 108.55 can lead to 108.70. Overall, the bias in prices […]
Japanese Yen: USD/JPY (JPY=X) price testing critical support zone USD/JPY is trading into a critical support zone we’ve been tracking for months now at 107.84-108.43– a region defined by the 61.8% retracement of the 2018 advance and the 2017 low-week close. A break below this key zone is needed to keep the bears in control targeting the 2013 trendline […]
Japanese Yen: USD/JPY (JPY=X) unable to sustain a rally USD/JPY reinstated its southerly trajectory on Tuesday following a run to the upside that occurred in Asia with follow through in European markets. The pair was capped at 108.80 and resumed back to the top of the hourly cloud and support, albeit, currently trading below short […]
Moving Average On The Horizon For The Japanese Yen: USD/JPY (JPY=X) The Greenback is attempting to bounce back against the Japanese yen, establishing trade above the 108.50 level. Rates have stabilized since the 31 May plunge, with the USD/JPY putting in a short-term bottom in the vicinity of 108.00. During the U.S. overnight, Japan released a series […]
Japanese Yen: USD/JPY (JPY=X) investors will be forced to make a decision due to a change in trading conditions The Dollar/Yen closed lower on Friday after posting a volatile outside trading range. The price action suggests investor indecision. Short-covering due to dampened concerns over safe-haven demand may be providing support, but expectations of a sooner-than-expected […]
Japanese Yen: USD/JPY (JPY=X) awaiting the job numbers The US dollar has gone back and forth during the trading session on Thursday against the Japanese yen but it seems as if the pullback is starting to stick a little bit as the ¥108 level has been a bit of a magnet for price. Just below there […]
Japanese Yen: USD/JPY (JPY=X) significant support and extreme lows The US dollar has gone back and forth against the Japanese yen during the trading session on Tuesday, as we have seen a lot of volatility in this market. After all, we are at pretty significant support and extreme lows, so I think we may be trying […]
Japanese Yen: USD/JPY (JPY=X) Sold on Rising Federal Reserve Interest Rate Cut Bets While the US Dollar (USD) is a safe haven currency, rising concerns that the US economy could be in for a slowdown have left the Japanese Yen (JPY) as the market’s safe haven currency of choice, and the US Dollar to Japanese […]
The U.S. has remained extremely focused on reducing its trade deficit by making a lot of drastic changes to its existing practices in place. The momentum of the Japanese Yen has since continued to rally in despite the negative news that the U.S. may target Japanese exports. New data showed that recent wage growth had […]
Japanese Yen: USD/JPY (JPY=X) continues to be very choppy The US dollar went back and forth during the trading session on Monday, as we tested the ¥108 level. That level has been important more than once, so it makes sense that the market would find buyers in that region. That being said, I believe that the […]
Japanese Yen: USD/JPY (JPY=X) find themselves still very much locked in a ‘battle of the havens’ as global uncertainties economic uncertainties multiply The Japanese Yen and the US Dollar find themselves still very much locked in a ‘battle of the havens’ as global uncertainties economic uncertainties multiply. It’s sobering to consider that many in the markets quite […]
Japanese Yen: USD/JPY (JPY=X) bulls now eyeing a move towards reclaiming the key 110.00 psychological mark The USD/JPY pair climbed to one-week tops in the last hour, with bulls now eyeing a move towards reclaiming the key 110.00 psychological mark. The pair continued gaining positive traction for the second consecutive session on Thursday and built […]
Japanese Yen: USD/JPY (JPY=X) short-term pullback The 110.00 level has been of interest lately in USDJPY as last week saw prices push below this key area on the chart. This keeps USD/JPY in a bearish spot, although there may be need for a short-term pullback before the bearish side of the pair can become attractive again. […]
Japanese Yen: USD/JPY (JPY=X) investors watching BoJ inflation USD/JPY has started the week with slight gains, erasing the losses seen on Friday. In the North American session, the pair is trading at 109.54, up 0.21% on the day. On the release front, Japanese Services Producer Price Index, which has hovered at 1.1% for four straight […]
Japanese Yen: USD/JPY (JPY=X) mounting concerns that the trade war between the U.S. and China could persist longer and curb GDP growth more than first thought This week is a holiday shortened week because of a U.S. banking holiday on Monday. There are no major reports from Japan. The major report from the U.S. is […]
