Japanese Yen: USD/JPY (JPY=X) Risk Aviation Causing Losses

Japanese Yen: USD/JPY (JPY=X) Risk Aviation Causing Losses

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

Japanese Yen: USD/JPY (JPY=X) struggling to extend the momentum beyond the 109.00 handle

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

Japanese Yen: USD/JPY (JPY=X) returns to resistance

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

Japanese Yen: USD/JPY (JPY=X) market should continue to try to break out to the upside

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

Japanese Yen: USD/JPY (JPY=X) Investors eye central banks

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

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

Japanese Yen: USD/JPY (JPY=X) pushes down from resistance

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

Japanese Yen: USD/JPY (JPY=X) highly sensitive to stock markets and risk appetite

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

Japanese Yen: USD/JPY (JPY=X) Investors now shift their focus to this week’s important US macro releases

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

Japanese Yen: USD/JPY (JPY=X) demand for risky assets should also be stronger

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

Japanese Yen: USD/JPY (JPY=X) struggles to find direction

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

Japanese Yen: USD/JPY (JPY=X) appears ripe for a pullback given the grind at support around the 107.00

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

Japanese Yen: USD/JPY (JPY=X) rises above 107 vs dollar, highest since January

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

Japanese Yen: USD/JPY (JPY=X) US dollar continues to look soft against the Japanese yen

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

Japanese Yen: USD/JPY (JPY=X) likely to continue to be determined by trader reaction to Treasury yields

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

Japanese Yen: USD/JPY (JPY=X) holds key resistance

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

Japanese Yen: USD/JPY (JPY=X) wait for another pullback higher

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) trapped in a tight 50-pip range

Japanese Yen: USD/JPY (JPY=X) trapped in a tight 50-pip range

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

Japanese Yen: USD/JPY (JPY=X) price testing critical support zone

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

Japanese Yen: USD/JPY (JPY=X) unable to sustain a rally

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)

Moving Average On The Horizon For The Japanese Yen: USD/JPY (JPY=X)

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

Japanese Yen: USD/JPY (JPY=X) investors will be forced to make a decision due to a change in trading conditions

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) significant support and extreme lows

Japanese Yen: USD/JPY (JPY=X) significant support and extreme lows

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

Japanese Yen: USD/JPY (JPY=X) Sold on Rising Federal Reserve Interest Rate Cut Bets

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 […]

Japanese Yen: USD/JPY (JPY=X) find themselves still very much locked in a ‘battle of the havens’ as global uncertainties economic uncertainties multiply

Japanese Yen: USD/JPY (JPY=X) find themselves still very much locked in a ‘battle of the havens’ as global uncertainties economic uncertainties multiply

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

Japanese Yen: USD/JPY (JPY=X) bulls now eyeing a move towards reclaiming the key 110.00 psychological mark

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

Japanese Yen: USD/JPY (JPY=X) short-term pullback

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

Japanese Yen: USD/JPY (JPY=X) investors watching BoJ inflation

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

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

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 […]

Japanese Yen: USD/JPY (JPY=X) risk aversion continues to dominate the market

Japanese Yen: USD/JPY (JPY=X) risk aversion continues to dominate the market

Japanese Yen: USD/JPY (JPY=X) risk aversion continues to dominate the market Despite the broad-based USD strength, the USD/JPY pair is posting losses for the second straight day on Thursday as the sour market sentiment continues to help the JPY outperform its rivals. As of writing, the pair was down 0.25% on a daily basis at […]

Japanese Yen: USD/JPY (JPY=X) Investors are keeping a close eye on the Federal Reserve meeting

Japanese Yen: USD/JPY (JPY=X) Investors are keeping a close eye on the Federal Reserve meeting

Japanese Yen: USD/JPY (JPY=X) Investors are keeping a close eye on the Federal Reserve meeting USD/JPY has posted slight losses on Wednesday. In the North American session, the pair is trading at 110.29, down 0.18% on the day. In economic news, Japan released strong numbers. Core Machinery Orders climbed 3.8%, crushing the estimate of o.0%. […]

Japanese Yen: USD/JPY (JPY=X) very sensitive to risk appetite globally

Japanese Yen: USD/JPY (JPY=X) very sensitive to risk appetite globally

Japanese Yen: USD/JPY (JPY=X) very sensitive to risk appetite globally The US dollar rallied significantly during the trading session on Tuesday, as we continue to see money flowed into the US dollar overall. However, this is a bit of a wrist sensitive currency pair, so keep in mind that the pair very often will move right […]

Japanese Yen: USD/JPY (JPY=X) will continue to see a lot of volatility

Japanese Yen: USD/JPY (JPY=X) will continue to see a lot of volatility

Japanese Yen: USD/JPY (JPY=X) will continue to see a lot of volatility The US dollar has gone back and forth during the trading session on Monday, as we continue to wonder what’s going to happen between the Americans and the Chinese. Ultimately, we are starting to see both of these countries verbally bash each other from […]

Japanese Yen: USD/JPY (JPY=X) Investors will be keeping an eye on Japanese Preliminary GDP

Japanese Yen: USD/JPY (JPY=X) Investors will be keeping an eye on Japanese Preliminary GDP

Japanese Yen: USD/JPY (JPY=X) Investors will be keeping an eye on Japanese Preliminary GDP The yen hasn’t received much help from economic conditions in Japan or Bank of Japan policy, but rising tensions between the U.S. and China have bolstered the yen, which has gained 1.2% in the month of May. Risk appetite has sagged […]

Japanese Yen: USD/JPY (JPY=X) broken down through two major retracements of this year’s rise

Japanese Yen: USD/JPY (JPY=X) broken down through two major retracements of this year’s rise

Japanese Yen: USD/JPY (JPY=X) broken down through two major retracements of this year’s rise The Japanese Yen’s current backstory is of course fundamental, with risk aversion stemming from increased US-China trade tensions supporting what is, after all, perhaps the quintessential anti-growth currency play. The US Dollar has haven appeal too, of course, but the Japanese […]

Japanese Yen: USD/JPY (JPY=X) posted four straight winning weeks, possible consolidation phase

Japanese Yen: USD/JPY (JPY=X) posted four straight winning weeks, possible consolidation phase

Japanese Yen: USD/JPY (JPY=X) posted four straight winning weeks, possible consolidation phase USD/JPY is almost unchanged on Wednesday. In the North American session, the pair is trading at 109.57, down 0.03% on the day. There are no major Japanese events. In the U.S., retail sales and core retail sales both missed expectations. On Thursday, the […]

Japanese Yen: USD/JPY (JPY=X) Japanese economic schedules are light as far as major economic releases are concerned

Japanese Yen: USD/JPY (JPY=X) Japanese economic schedules are light as far as major economic releases are concerned

Japanese Yen: USD/JPY (JPY=X) Japanese economic schedules are light as far as major economic releases are concerned Uncertainty over U.S.-China trade relations drove the price action last week in the Japanese Yen. It wasn’t the actual possibility that a potential trade deal would fall apart and the trade dispute between the economic powerhouses would escalate, […]

Japanese Yen: USD/JPY (JPY=X) Treasury yields rose and demand for risk increased amid optimism over U.S.-China relations

Japanese Yen: USD/JPY (JPY=X) Treasury yields rose and demand for risk increased amid optimism over U.S.-China relations

Japanese Yen: USD/JPY (JPY=X) Treasury yields rose and demand for risk increased amid optimism over U.S.-China relations The Dollar/Yen rallied on Friday as Treasury yields rose and demand for risk increased amid optimism over U.S.-China relations. Although a trade deal between the two economic powerhouses wasn’t reached, the price action suggests investors felt there was […]

Japanese Yen: USD/JPY (JPY=X) risk aversion continues to dominate

Japanese Yen: USD/JPY (JPY=X) risk aversion continues to dominate

Japanese Yen: USD/JPY (JPY=X) risk aversion continues to dominate The USD/JPY pair closed the previous day below the 110 mark for the first time since early April yesterday and extended its slide today to touch its lowest level since the first week of February at 109.60. Following that drop, the pair staged a modest rebound […]

Japanese Yen: USD/JPY (JPY=X) market isn’t quite ready to break out of the consolidation area

Japanese Yen: USD/JPY (JPY=X) market isn’t quite ready to break out of the consolidation area

Japanese Yen: USD/JPY (JPY=X) market isn’t quite ready to break out of the consolidation area The US dollar has fallen a bit during the Japanese yen during trading on Wednesday, reaching down towards the ¥110 level. That being said, it looks as if we are starting to find our sea legs as it were, and […]

Japanese Yen: USD/JPY (JPY=X) risks lurk around each corner as geopolitical tensions ramp up on a global scale

Japanese Yen: USD/JPY (JPY=X) risks lurk around each corner as geopolitical tensions ramp up on a global scale

Japanese Yen: USD/JPY (JPY=X) risks lurk around each corner as geopolitical tensions ramp up on a global scale We had a brief scare on trade comments from Mnuchin and Lighthizer which sent the yen on a tear in early Asia, down to the aforementioned lows from a touch away from 111 the figure while markets […]

Japanese Yen: USD/JPY (JPY=X) higher as nervous investors seek safe-haven assets

Japanese Yen: USD/JPY (JPY=X) higher as nervous investors seek safe-haven assets

Japanese Yen: USD/JPY (JPY=X) higher as nervous investors seek safe-haven assets USD/JPY has continued where it left off on Friday, as the pair as lost ground on Monday. In the North American session, the pair is trading at 110.87, down 0.20% on the day. Earlier in the day, the pair touched a low of 110.28, […]

Japanese Yen: USD/JPY (JPY=X) investors will still keep an eye on the BoJ minutes of the March meeting

Japanese Yen: USD/JPY (JPY=X) investors will still keep an eye on the BoJ minutes of the March meeting

Japanese Yen: USD/JPY (JPY=X) investors will still keep an eye on the BoJ minutes of the March meeting Is a U.S-China trade deal around the corner? Negotiations continue, but investors remain in the dark as to when a historic deal could be sealed. If there are clear signs that a deal is near, risk appetite […]

Japanese Yen: USD/JPY (JPY=X) markets are closed which explains the light volume

Japanese Yen: USD/JPY (JPY=X) markets are closed which explains the light volume

Japanese Yen: USD/JPY (JPY=X) markets are closed which explains the light volume The Dollar/Yen is trading slightly higher on Monday, but volume is below average and the range is tight. The Japanese markets are closed which explains the light volume. U.S. traders face a mountain of economic data later today and ahead of Wednesday’s U.S. […]

Japanese Yen: USD/JPY (JPY=X) inflation remains well below the BoJ target of 2.0 percent

Japanese Yen: USD/JPY (JPY=X) inflation remains well below the BoJ target of 2.0 percent

Japanese Yen: USD/JPY (JPY=X) inflation remains well below the BoJ target of 2.0 percent Dollar/yen posted slight losses last week.Japanese events tend not to have a significant effect on the pair, but investors will be keeping a close eye on the FOMC rate statement and nonfarm payrolls. Japanese inflation remains well below the BoJ target of […]

Japanese Yen: USD/JPY (JPY=X) longer-term money starting to come back into this market

Japanese Yen: USD/JPY (JPY=X) longer-term money starting to come back into this market

Japanese Yen: USD/JPY (JPY=X) longer-term money starting to come back into this market After the Bank of Japan basically said nothing new during Asian trading, you can see that the market has gone back and forth and still looks a bit confused as to where to go next. However, we have been in a nice uptrend […]

Japanese Yen: USD/JPY (JPY=X) signs of bullish reversal

Japanese Yen: USD/JPY (JPY=X) signs of bullish reversal

Japanese Yen: USD/JPY (JPY=X) signs of bullish reversal Intraday bias in USD/JPY remains neutral for the moment with focus on 112.13 key resistance. Decisive break there will resume whole rise from 104.69 for 100 % projection of 109.71 to 111.82 and 110.84 at 112.95 first. On the downside, firm break of 111.69 minor support will […]

Japanese Yen: USD/JPY (JPY=X) looks comfortable at its recent highs however and could well push on

Japanese Yen: USD/JPY (JPY=X) looks comfortable at its recent highs however and could well push on

Japanese Yen: USD/JPY (JPY=X) looks comfortable at its recent highs however and could well push on The Japanese Yen remains on the defensive against the US Dollar with USD/JPY still quite comfortable at two-month highs. Admittedly a bit of range trading has in the past few days replaced the more obvious uptrend on the daily chart. But long Easter holiday weekends […]

Japanese Yen: USD/JPY (JPY=X) rises back up to key level

Japanese Yen: USD/JPY (JPY=X) rises back up to key level

Japanese Yen: USD/JPY (JPY=X) rises back up to key level USD/JPY technicals are looking increasingly bullish despite key resistance placing a temporary cap on the uptrend. The 112.20-30 level is holding just as it did back in early March, yet at the same time the pair remains in an intact 4-week uptrend and the chart’s […]

Japanese Yen: USD/JPY (JPY=X) Upbeat China Data Support Treasury Yields, Appetite for Risk

Japanese Yen: USD/JPY (JPY=X) Upbeat China Data Support Treasury Yields, Appetite for Risk

Japanese Yen: USD/JPY (JPY=X) Upbeat China Data Support Treasury Yields, Appetite for Risk Helping to boost Treasury yields and demand for risky assets is the stronger-than-expected economic numbers from China. The data confirms the economy is bottoming out, mostly due to the stimulus from the Chinese economy. The headline data shows that China’s economy grew […]

Japanese Yen: USD/JPY (JPY=X) is expected to trade with a positive bias but 112.60 could be out of reach

Japanese Yen: USD/JPY (JPY=X) is expected to trade with a positive bias but 112.60 could be out of reach

Japanese Yen: USD/JPY (JPY=X) is expected to trade with a positive bias but 112.60 could be out of reach The ‘sideway-trading phase’ in USD that started in late March has ended as it hit a high of 112.09 last Friday before closing at a 4-month high of 112.02. The price action suggests the current USD […]

Japanese Yen: USD/JPY (JPY=X) is back within its old uptrend

Japanese Yen: USD/JPY (JPY=X) is back within its old uptrend

Japanese Yen: USD/JPY (JPY=X) is back within its old uptrend The Japanese Yen has returned to the defensive against the US Dollar after a period of daily-chart strength last week, with USD/JPY well illustrating the value of Fibonacci retracement levels to technical analysis. Between April 7 and 10 the pair retreated below the uptrend channel which had previously […]

Japanese Yen: USD/JPY (JPY=X) bull scenario remains a priority

Japanese Yen: USD/JPY (JPY=X) bull scenario remains a priority

Japanese Yen: USD/JPY (JPY=X) bull scenario remains a priority The bull scenario remains a priority: 70% of the experts, supported by 100% of the trend indicators, look to the north. According to them, if the yield on 10-year US Treasury bonds continues to grow, the pair, relying on support around 112.00, can rise to the […]

Japanese Yen: USD/JPY (JPY=X) 110.75 would sideline bulls for deeper correction

Japanese Yen: USD/JPY (JPY=X) 110.75 would sideline bulls for deeper correction

Japanese Yen: USD/JPY (JPY=X) 110.75 would sideline bulls for deeper correction The pair extends pullback from 111.82 high on Tuesday, following bearish signal from Monday’s marginal close below 200SMA and formation of reversal pattern on daily chart. Repeated close below 200SMA is needed to confirm near-term stance, however, corrective action should find footstep at 111 […]

Japanese Yen: USD/JPY (JPY=X) investors reacting to Friday’s mixed U.S. jobs report

Japanese Yen: USD/JPY (JPY=X) investors reacting to Friday’s mixed U.S. jobs report

Japanese Yen: USD/JPY (JPY=X) investors reacting to Friday’s mixed U.S. jobs report Investors may have grown tired of buying strength and may be setting up for a correction into value territory. Also a drop in Treasury yields may also be signaling confirmation of the Fed’s dovish policy. Given last week’s U.S. and China manufacturing PMI […]

Japanese Yen: USD/JPY (JPY=X) will continue to monitor the direction of U.S. Treasury yields

Japanese Yen: USD/JPY (JPY=X) will continue to monitor the direction of U.S. Treasury yields

Japanese Yen: USD/JPY (JPY=X) will continue to monitor the direction of U.S. Treasury yields Dollar/Yen traders will continue to monitor the direction of U.S. Treasury yields and appetite for risky assets. If both continue to rise then the Forex pair should move higher although buyers could run into resistance at 111.940 and 112.137. The price […]

Japanese Yen: USD/JPY (JPY=X) reaching towards the ¥111.50 level

Japanese Yen: USD/JPY (JPY=X) reaching towards the ¥111.50 level

Japanese Yen: USD/JPY (JPY=X) reaching towards the ¥111.50 level The US dollar has rallied a bit during the trading session on Thursday, reaching towards the ¥111.50 level. That is an area that extends all the way to the ¥112 level, and therefore it will be very interesting to see whether or not the market can break […]

Japanese Yen: USD/JPY (JPY=X) disappointing data weigh on the greenback

Japanese Yen: USD/JPY (JPY=X) disappointing data weigh on the greenback

Japanese Yen: USD/JPY (JPY=X) disappointing data weigh on the greenback For the second straight day on Wednesday, the USD/JPY pair struggled to make a decisive move in either direction and spent the second half of the day in a very tight range a little below the 111.50 mark. As of writing, the pair was up […]

Japanese Yen: USD/JPY (JPY=X) significant resistance that extends all the way up to the ¥112 level

Japanese Yen: USD/JPY (JPY=X) significant resistance that extends all the way up to the ¥112 level

Japanese Yen: USD/JPY (JPY=X) significant resistance that extends all the way up to the ¥112 level The US dollar has reached towards the ¥111.50 level, which is the beginning of significant resistance that extends all the way up to the ¥112 level. Once we break above there, then the market is very likely to take […]

Japanese Yen: USD/JPY (JPY=X) Heffx Technical Analysis

Japanese Yen: USD/JPY (JPY=X) Heffx Technical Analysis

Japanese Yen: USD/JPY (JPY=X) Heffx Technical Analysis The US dollar has gapped higher to kick off the trading session on Monday but has turned right back around to fill that gap already. With that in mind, I believe that this market is going to continue to go back and forth and look for some type of […]

Japanese Yen: USD/JPY (JPY=X) likely to be influenced by a slew of major U.S. economic data

Japanese Yen: USD/JPY (JPY=X) likely to be influenced by a slew of major U.S. economic data

Japanese Yen: USD/JPY (JPY=X) likely to be influenced by a slew of major U.S. economic data The Dollar/Yen closed higher last week as investors shrugged off predictions of a U.S. recession later in the year. Although U.S. Treasury yields tumbled to multi-year lows, the dollar lost no value against the Japanese Yen. There wasn’t even […]

Japanese Yen: USD/JPY (JPY=X) likely to be determined by trader reaction to the major Fibonacci level at 110.452

Japanese Yen: USD/JPY (JPY=X) likely to be determined by trader reaction to the major Fibonacci level at 110.452

Japanese Yen: USD/JPY (JPY=X) likely to be determined by trader reaction to the major Fibonacci level at 110.452 The Dollar/Yen is trading lower early Thursday amid another drop in U.S. Treasury yields and further weakness in the global equity markets. Traders are reacting to lower shares in Asia on Thursday, which are falling in reaction […]

Japanese Yen: USD/JPY (JPY=X) yen dips, consumer data ahead

Japanese Yen: USD/JPY (JPY=X) yen dips, consumer data ahead

Japanese Yen: USD/JPY (JPY=X) yen dips, consumer data ahead USD/JPY has edged higher on Wednesday. In the North American session, the pair is trading at 110.32, down 0.28% on the day. On the release front, there are no Japanese indicators. In the U.S., the trade deficit narrowed to $51.1 billion, better than expected. On Thursday, […]

Japanese Yen: USD/JPY (JPY=X) Volatility continues

Japanese Yen: USD/JPY (JPY=X) Volatility continues

Japanese Yen: USD/JPY (JPY=X) Volatility continues After a listless start to the week, USD/JPY has posted considerable gains on Tuesday. In Tuesday’s North American session, the pair is trading at 110.56, up 0.54% on the day. In the U.S., economic data disappointed. Building permits slowed to 1.30 million, shy of the estimate of 1.32 million. […]

Japanese Yen: USD/JPY (JPY=X) U.S. yield curve inverted

Japanese Yen: USD/JPY (JPY=X) U.S. yield curve inverted

Japanese Yen: USD/JPY (JPY=X) U.S. yield curve inverted The euro gained on Monday as a stronger-than-forecast German business confidence survey allayed some fears about a recession and pulled the safe-haven yen from a six-week high against the dollar. Financial markets around the globe were roiled on Friday, stemming from anxiety about an economic downturn after […]

Japanese Yen: USD/JPY (JPY=X) softness in the greenback

Japanese Yen: USD/JPY (JPY=X) softness in the greenback

Japanese Yen: USD/JPY (JPY=X) softness in the greenback The US dollar has pulled back a bit during the trading session again on Thursday, reaching towards the ¥110 level, an area that is major support. The moving averages above of course cause some noise in general, right around the ¥111 level. Ultimately, the market should continue to […]

Japanese Yen: USD/JPY (JPY=X) Still Eyes 112 Resistance

Japanese Yen: USD/JPY (JPY=X) Still Eyes 112 Resistance

Japanese Yen: USD/JPY (JPY=X) Still Eyes 112 Resistance The Japanese Yen has yet to surrender a key short-term psychological resistance point to the US Dollar, but it may do so very soon. USD/JPY remains well within the uptrend channel which has bounded trade for much of this year. However, the JPY112.00 level has capped the market. The pair […]

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

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

Japanese Yen: USD/JPY (JPY=X) bias remains neutral Consolidation from 112.13 is still in progress and intraday bias remains neutral first. As long as 110.35 support hold, near term outlook remains bullish. On the upside, break of 112.13 will resume the rally from 104.69 to 114.54 resistance next. However, firm break of 110.35 should confirm near […]

Japanese Yen: USD/JPY (JPY=X) moving towards the top of the bullish channel

Japanese Yen: USD/JPY (JPY=X) moving towards the top of the bullish channel

Japanese Yen: USD/JPY (JPY=X) moving towards the top of the bullish channel The USD/JPY bullish break could see price move towards the top of the bullish channel and the Fibonacci targets of wave 5 vs 1+3. This breakout could be part of an impulsive third wave (purple) whereas a bearish breakout could indicate a pauze […]

Japanese Yen: USD/JPY (JPY=X) bias remains neutral this week for some more consolidation

Japanese Yen: USD/JPY (JPY=X) bias remains neutral this week for some more consolidation

Japanese Yen: USD/JPY (JPY=X) bias remains neutral this week for some more consolidation USD/JPY rebounded further last week but was held below 112.13 resistance. Initial bias remains neutral this week for some more consolidation. But still, as long as 110.35 support hold, near term outlook remains bullish. On the upside, break of 112.13 will resume […]

Japanese Yen: USD/JPY (JPY=X) increased demand for risk

Japanese Yen: USD/JPY (JPY=X) increased demand for risk

Japanese Yen: USD/JPY (JPY=X) increased demand for risk The Dollar/Yen is trading higher on Thursday, reversing yesterday’s weakness. Increased demand for risk is helping to dampen the Japanese Yen’s appeal as a safe-haven asset and rising U.S. Treasury yields are making the U.S. Dollar a more attractive investment. The move are being fueled by positive […]

Japanese Yen: USD/JPY (JPY=X) Renewed Demand for Safe-Haven Protection

Japanese Yen: USD/JPY (JPY=X) Renewed Demand for Safe-Haven Protection

Japanese Yen: USD/JPY (JPY=X) Renewed Demand for Safe-Haven Protection Safe-haven buying is helping to drive the Dollar/Yen lower on Wednesday. Treasury yields are down, making the dollar a less-attractive investment and stocks are under pressure, sending investors into the safety of the Japanese Yen. The catalyst behind the early weakness in the Forex pair is […]

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) could see a bounce

Japanese Yen: USD/JPY (JPY=X) could see a bounce

Japanese Yen: USD/JPY (JPY=X) could see a bounce The US dollar fell hard against the Japanese yen initially during the trading session on Friday after the ¥111.50 level gave away. Beyond that, we had a jobs number that was horrific, in the sense that only 20,000 jobs were added last month, as opposed to the expected […]

Japanese Yen: USD/JPY (JPY=X) BoJ in Focus

Japanese Yen: USD/JPY (JPY=X) BoJ in Focus

Japanese Yen: USD/JPY (JPY=X) BoJ in Focus BSI larger manufacturing conditions figures for the 1st quarter are due out on Monday. The data is unlikely to have an impact on the Yen, which will continue to be driven by market risk sentiment. The markets will need to consider the BoJ’s monetary policy decision on Friday. The […]

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) resistance near the ¥112 level

Japanese Yen: USD/JPY (JPY=X) resistance near the ¥112 level

Japanese Yen: USD/JPY (JPY=X) resistance near the ¥112 level The US dollar has rallied again during the trading session on Tuesday, slamming into the ¥112 level. This is a crucial level on the chart, and as a result if we can break above here on a daily close, perhaps clearing it by 25 pips or so, […]

Japanese Yen: USD/JPY (JPY=X) investors waiting to see what the jobs number is going to be

Japanese Yen: USD/JPY (JPY=X) investors waiting to see what the jobs number is going to be

Japanese Yen: USD/JPY (JPY=X) investors waiting to see what the jobs number is going to be The US dollar is running into a significant amount of resistance at the ¥112 level, basically where we started the major selloff from. At this point, the market continues to go back and forth at this area, and quite frankly […]

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

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

Japanese Yen: USD/JPY (JPY=X) Strong Appetite for Risk The Dollar/Yen posted a strong gain last week on the back of a sharp rise in U.S. Treasury yields. This widened the spread between U.S. Government bond yields and Japanese Government bond yields, making the U.S. Dollar a more attractive investment. After posting a mostly sideways trade […]

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) investors eye Japanese manufacturing, retail sales

Japanese Yen: USD/JPY (JPY=X) investors eye Japanese manufacturing, retail sales

Japanese Yen: USD/JPY (JPY=X) investors eye Japanese manufacturing, retail sales USD/JPY has recorded slight gains on Wednesday. In the North American session, the pair is trading at 110.85, up 0.25% on the day. On the release front, U.S. data was mixed. Factory orders were up 0.1%, well off the forecast of 1.5%. Pending Home Sales […]

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. […]

Focus this week for Japanese Yen: USD/JPY (JPY=X) traders should be on U.S. Treasury yields

Focus this week for Japanese Yen: USD/JPY (JPY=X) traders should be on U.S. Treasury yields

Focus this week for Japanese Yen: USD/JPY (JPY=X) traders should be on U.S. Treasury yields Last week’s mostly sideways trade in the USD/JPY sent a message to me that investors weren’t worried about risk or the direction of interest rates. The muted reaction to the mixed-to-potentially bearish U.S. economic data further confirmed my assessment. However, […]

Japanese Yen: USD/JPY (JPY=X) significant resistance

Japanese Yen: USD/JPY (JPY=X) significant resistance

Japanese Yen: USD/JPY (JPY=X) significant resistance The US dollar rallied a bit against the Japanese yen, but it seems as if we are still struggling at the 200 day EMA, and of course the 61.8% Fibonacci retracement level. The ¥111 level is significant resistance in and of itself, and as you can see to the left there […]

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) risk appetite improves

Japanese Yen: USD/JPY (JPY=X) risk appetite improves

Japanese Yen: USD/JPY (JPY=X) risk appetite improves Dollar/yen gained ground last week, as the pair recorded its highest weekly close since mid- December. Stocks rose, as investors remain optimistic on a deal between the U.S. and China. In the U.S., consumer spending had a dismal January, with retail sales and core retail sales recording sharp declines. […]

Japanese Yen: USD/JPY (JPY=X) rally targets 200-day SMA

Japanese Yen: USD/JPY (JPY=X) rally targets 200-day SMA

Japanese Yen: USD/JPY (JPY=X) rally targets 200-day SMA Gains continue here as USD/JPY moves on to challenge the 200-day simple moving average (SMA) of ¥111.27. The ¥111.47 level, resistance in mid-December, is the next area to watch, but the overall trend is resolutely higher. Overall, the bias in prices is: Sideways. The projected upper bound is: 111.90. […]

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) looking to break higher

Japanese Yen: USD/JPY (JPY=X) looking to break higher

Japanese Yen: USD/JPY (JPY=X) looking to break higher Attempts to break above ¥110.00 have been fruitless so far for USD/JPY, but rising trendline support from the 31 January lows means we have an ascending triangle pattern in play. A break higher targets ¥111.36, while a bearish view targeting ¥108.60 would require a break below ¥109.70. Overall, […]