Japanese Yen: USD/JPY (JPY=X) implied volatility could creep higher

Japanese Yen: USD/JPY (JPY=X) implied volatility could creep higher

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

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

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

Japanese Yen: USD/JPY (JPY=X) ¥107 level above should continue to be resistance

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

Japanese Yen: USD/JPY (JPY=X) starting to face a bit of resistance

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

Japanese Yen: USD/JPY (JPY=X) Investors will be keeping a close eye on the Federal Reserve minutes

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

Japanese Yen: USD/JPY (JPY=X) Reversing to New Lows

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

Japanese Yen: USD/JPY (JPY=X) ¥105 level will be targeted

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

Japanese Yen: USD/JPY (JPY=X) Retail trade data shows that 71% of traders are net-long

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

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

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

Japanese Yen: USD/JPY (JPY=X) under pressure

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

Japanese Yen: USD/JPY (JPY=X) exposed to test new support levels

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

Japanese Yen: USD/JPY (JPY=X) global flight to safety continues to benefit the pair

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

Japanese Yen: USD/JPY (JPY=X) support at the lower parallel around 105.55

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 […]