Japanese Yen: USD/JPY (JPY=X) Trader Reaction to Former Tops Will Set the Tone

Japanese Yen: USD/JPY (JPY=X) Trader Reaction to Former Tops Will Set the Tone

Japanese Yen: USD/JPY (JPY=X) Trader Reaction to Former Tops Will Set the Tone The Dollar/Yen is trading lower early Wednesday as currency investors awaited the signing of the U.S.-China trade deal with trepidation. The formal agreement is designed to draw a line under 18-months of back-and-forth tariffs that hurt global economic growth. However, to the […]

Japanese Yen: USD/JPY (JPY=X) gains, yuan weakens on report tariffs on China to stay through US election

Japanese Yen: USD/JPY (JPY=X) gains, yuan weakens on report tariffs on China to stay through US election

Japanese Yen: USD/JPY (JPY=X) gains, yuan weakens on report tariffs on China to stay through US election China’s yuan weakened on Tuesday and the Japanese yen reversed earlier losses after a report that the United States will keep tariffs on Chinese goods through the U.S. election hurt risk sentiment. The news came a day before […]

Japanese Yen: USD/JPY (JPY=X) US Dollar Slamming Into Resistance

Japanese Yen: USD/JPY (JPY=X) US Dollar Slamming Into Resistance

Japanese Yen: USD/JPY (JPY=X) US Dollar Slamming Into Resistance The US dollar has rallied quite a bit during the trading session on Monday, reaching towards the ¥110 level. That’s an area that is significant resistance that the market has acknowledged for some time. If we were to break above there for a significant amount of […]

Japanese Yen: USD/JPY (JPY=X) Could Break Sharply if Sellers Take Out 109.361

Japanese Yen: USD/JPY (JPY=X) Could Break Sharply if Sellers Take Out 109.361

Japanese Yen: USD/JPY (JPY=X) Could Break Sharply if Sellers Take Out 109.361 The Dollar/Yen finished lower on Friday after hitting its highest level since December 13. The price action indicates that buyers are still hesitating just slightly below the May 30 top at 109.930. The greenback fell from a four-week high against the safe-haven Japanese […]

Japanese Yen: USD/JPY (JPY=X) US Dollar Continues To Rally Against Safety Currency Japanese Yen

Japanese Yen: USD/JPY (JPY=X) US Dollar Continues To Rally Against Safety Currency Japanese Yen

Japanese Yen: USD/JPY (JPY=X) US Dollar Continues To Rally Against Safety Currency Japanese Yen The US dollar has rallied quite nicely against the Japanese yen during the trading session on Thursday, as more of a “risk on” move has come back into play. After the tensions in the Middle East settled down, traders began to […]

Japanese Yen: USD/JPY (JPY=X) Rebounding after Trump Tweet Calms Investors

Japanese Yen: USD/JPY (JPY=X) Rebounding after Trump Tweet Calms Investors

Japanese Yen: USD/JPY (JPY=X) Rebounding after Trump Tweet Calms Investors The Dollar/Yen is trading slightly better shortly ahead of the U.S. opening. The Forex pair has erased all of its earlier losses, producing tremendous whip-saw action. The catalysts behind the volatile, two-sided price action are escalating tensions between the United States and Iran, and indications […]

Japanese Yen: USD/JPY (JPY=X) to benefit on further Middle East tensions

Japanese Yen: USD/JPY (JPY=X) to benefit on further Middle East tensions

Japanese Yen: USD/JPY (JPY=X) to benefit on further Middle East tensions The Japanese Yen is expected to outperform other currencies on a material escalation in tensions between the U.S. and Iran, says Chris Turner, Global Head of Strategy and Head of EMEA and LATAM Research at ING Bank. “Were events in the Middle East to […]

Japanese Yen: USD/JPY (JPY=X) Bearish Momentum Still Stronger

Japanese Yen: USD/JPY (JPY=X) Bearish Momentum Still Stronger

Japanese Yen: USD/JPY (JPY=X) Bearish Momentum Still Stronger Amid renewed global geopolitical tensions, particularly from North Korea and the Middle East region, it was natural to have a strong demand for safe havens, the most important of which is the Japanese Yen, and accordingly, the USD/JPY price declined for six consecutive trading sessions, reaching the […]

Japanese Yen: USD/JPY (JPY=X) Safe-haven yen lifted, US dollar hits in Grim data after Qassem Soleimani strike

Japanese Yen: USD/JPY (JPY=X) Safe-haven yen lifted, US dollar hits in Grim data after Qassem Soleimani strike

Japanese Yen: USD/JPY (JPY=X) Safe-haven yen lifted, US dollar hits in Grim data after Qassem Soleimani strike Investors rushed into safe-haven assets on Friday after US airstrikes in Iraq killed a senior Iranian military official, sending the Japanese yen to a three-month high, while the US dollar index was knocked by the weakest domestic factory activity in a decade. In addition to the yen, US Treasuries, German […]

Japanese Yen: USD/JPY (JPY=X) US Dollar Stabilizes Against Japanese Yen

Japanese Yen: USD/JPY (JPY=X) US Dollar Stabilizes Against Japanese Yen

Japanese Yen: USD/JPY (JPY=X) US Dollar Stabilizes Against Japanese Yen The US dollar has rallied slightly against the Japanese yen during trading on Thursday, in what was a relatively quiet day. Ultimately, this is a market that should continue to see a lot of choppiness, but at this point I think it makes quite a […]

Japanese Yen: USD/JPY (JPY=X) breaking to 109.00 will motivate the bears to move the pair to lower levels

Japanese Yen: USD/JPY (JPY=X) breaking to 109.00 will motivate the bears to move the pair to lower levels

Japanese Yen: USD/JPY (JPY=X) breaking to 109.00 will motivate the bears to move the pair to lower levels The weakening of the US dollar and the renewed global trade and geopolitical tensions were catalysts for the USD/JPY pair to correct lower towards the 108.62 support, its lowest in more than two weeks. And with investor’s […]

Japanese Yen: USD/JPY (JPY=X) Trade Deal Optimism Providing Support Amid Thin Holiday Volume

Japanese Yen: USD/JPY (JPY=X) Trade Deal Optimism Providing Support Amid Thin Holiday Volume

Japanese Yen: USD/JPY (JPY=X) Trade Deal Optimism Providing Support Amid Thin Holiday Volume The Dollar/Yen settled marginally higher last week while hovering just below the May 30 top at 109.930. The lackluster holiday trading conditions led to a mostly sideways-to-firm trade, but the lack of significant trading volume prevented the Forex pair from generating any […]

Japanese Yen: USD/JPY (JPY=X) US Dollar Rallies Into Resistance

Japanese Yen: USD/JPY (JPY=X) US Dollar Rallies Into Resistance

Japanese Yen: USD/JPY (JPY=X) US Dollar Rallies Into Resistance The US dollar has rallied a bit during the trading session on Thursday, reaching towards the ¥110 level, an area that will have a certain amount of psychological resistance built into it. If we can break that level, then it’s likely that we go looking to […]

Japanese Yen: USD/JPY (JPY=X) Possible Upside Acceleration

Japanese Yen: USD/JPY (JPY=X) Possible Upside Acceleration

Japanese Yen: USD/JPY (JPY=X) Possible Upside Acceleration The Dollar/Yen is trading flat early Thursday ahead of the Bank of Japan’s (BOJ) interest rate and monetary policy decisions. The BOJ is expected to keep monetary settings steady and maintain its upbeat view on the economy, suggesting policymakers are in no hurry to boost stimulus even as […]

Japanese Yen: USD/JPY (JPY=X) the Opportunity to Climb Remains

Japanese Yen: USD/JPY (JPY=X) the Opportunity to Climb Remains

Japanese Yen: USD/JPY (JPY=X) the Opportunity to Climb Remains According to the performance on the daily chart, the USD/JPY is still in an upward correction phase, and at the same time, lacks the momentum to complete it. Since the beginning of this week’s trading, the pair has not exceeded the 109.65 resistance gains, and it […]

Japanese Yen: USD/JPY (JPY=X) continues to fight the sellers

Japanese Yen: USD/JPY (JPY=X) continues to fight the sellers

Japanese Yen: USD/JPY (JPY=X) continues to fight the sellers The US dollar has rallied a bit during the trading session on Monday, digging into the shooting star from the Friday session. That is a very strong sign as we continue to fight the sellers. Having said that though, there is still a lot to do […]

Japanese Yen: USD/JPY (JPY=X) possible long term “buy-and-hold” scenario

Japanese Yen: USD/JPY (JPY=X) possible long term “buy-and-hold” scenario

Japanese Yen: USD/JPY (JPY=X) possible long term “buy-and-hold” scenario The US dollar has rallied a bit against the Japanese yen initially during the trading session on Wednesday, but as you can see has given back a bit of strength. At this point, I think we are trying to build up a little bit of support […]

Japanese Yen: USD/JPY (JPY=X) could go much higher and reach towards the crucial ¥110 level

Japanese Yen: USD/JPY (JPY=X) could go much higher and reach towards the crucial ¥110 level

Japanese Yen: USD/JPY (JPY=X) could go much higher and reach towards the crucial ¥110 level The US dollar has rallied a bit against the Japanese yen initially during the trading session on Wednesday, but as you can see has given back a bit of strength. At this point, I think we are trying to build […]

Japanese Yen: USD/JPY (JPY=X) continues to hover just above last week’s low at 108.430

Japanese Yen: USD/JPY (JPY=X) continues to hover just above last week’s low at 108.430

Japanese Yen: USD/JPY (JPY=X) continues to hover just above last week’s low at 108.430 The Dollar/Yen is inching higher early Tuesday as it continues to hover just above last week’s low at 108.430. Although the Forex pair is attempting to establish a support base, the lack of follow-through to the upside suggests investors are still […]

Japanese Yen: USD/JPY (JPY=X) demand for risk will be the primarily driver of the price action

Japanese Yen: USD/JPY (JPY=X) demand for risk will be the primarily driver of the price action

Japanese Yen: USD/JPY (JPY=X) demand for risk will be the primarily driver of the price action The Dollar/Yen finished lower last week, posting a potentially bearish closing price reversal top in the process. Most of the damage took place on December 2 and December 3. The Dollar/Yen hit a six-month high on Monday after an […]

Japanese Yen: USD/JPY (JPY=X) US Dollar Recovers Against Yen

Japanese Yen: USD/JPY (JPY=X) US Dollar Recovers Against Yen

Japanese Yen: USD/JPY (JPY=X) US Dollar Recovers Against Yen The US dollar has initially fallen during the trading session on Friday, to reach down toward support again near the ¥108.50 level. We have since bounced after the stronger than anticipated jobs number, and therefore it looks as if the markets are ready to form the […]

Japanese Yen: USD/JPY (JPY=X) Struggles To Recover Amid US NFP Anticipation

Japanese Yen: USD/JPY (JPY=X) Struggles To Recover Amid US NFP Anticipation

Japanese Yen: USD/JPY (JPY=X) Struggles To Recover Amid US NFP Anticipation Following strong US Dollar performance in recent weeks on rising hopes that the US and China were closing in on a potential ‘phase one’ trade deal, the US Dollar to Japanese Yen (USD/JPY) exchange rate has tumbled this week. Weak US data, combined with […]

Japanese Yen: USD/JPY (JPY=X) Pattern-break, Support in Focus

Japanese Yen: USD/JPY (JPY=X) Pattern-break, Support in Focus

Japanese Yen: USD/JPY (JPY=X) Pattern-break, Support in Focus Just a few days ago USD/JPY tagged the trend-line from October 2018, and it was quickly greeted with selling pressure. This shoved the pair lower beneath the underside of an ascending wedge formation developing since the August low. What is important about this formation is the context […]

Japanese Yen: USD/JPY (JPY=X) upside is limited without U.S.-China deal

Japanese Yen: USD/JPY (JPY=X) upside is limited without U.S.-China deal

Japanese Yen: USD/JPY (JPY=X) upside is limited without U.S.-China deal The Yen bested all but its Swiss rival Tuesday amid fresh tensions between the U.S. and China as well as a turn higher in Japanese government bond yields, although analysts have said there could still be more upside to come.   President Donald Trump said Tuesday […]

Japanese Yen: USD/JPY (JPY=X) BOJ’s Kuroda: Not Considering Further Monetary Easing Now

Japanese Yen: USD/JPY (JPY=X) BOJ’s Kuroda:  Not Considering Further Monetary Easing Now

Japanese Yen: USD/JPY (JPY=X) BOJ’s Kuroda: Not Considering Further Monetary Easing Now The Dollar/Yen closed higher last week with the buying driven by higher Treasury yields and a rising stock market. The catalysts behind the strength were optimism over a U.S.-China trade deal and a strong U.S. economy. News from Japan continued to point toward […]

Japanese Yen: USD/JPY (JPY=X) rises, dollar flat as Trump signs the Hong Kong bill

Japanese Yen: USD/JPY (JPY=X) rises, dollar flat as Trump signs the Hong Kong bill

Japanese Yen: USD/JPY (JPY=X) rises, dollar flat as Trump signs the Hong Kong bill On Thursday, increasing worries about the Sino-US tensions caused the safe-haven prices to rise, while the dollar stayed near flat. The USD/JPY pair dropped 0.1% to 109.45 by 05:20 GMT. The U.S. President Trump signed into law two bills that support […]

Japanese Yen: USD/JPY (JPY=X) indicates there are more optimists than pessimists

Japanese Yen: USD/JPY (JPY=X) indicates there are more optimists than pessimists

Japanese Yen: USD/JPY (JPY=X) indicates there are more optimists than pessimists If investors are nervous about the lack of concrete evidence that the U.S. and China are making progress toward a trade deal, it’s not showing up in the financial markets early Wednesday. U.S. stock market futures are trading at new record highs, Treasury yields […]

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

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

Japanese Yen: USD/JPY (JPY=X) Return of Risk Appetite Investor risk appetite returned amid optimism that the US-China trade agreement could happen and the USD/JPY pair had a better chance of an upward correction to the 109.20 resistance early Tuesday, which could trigger bulls to push the pair into 110 psychological resistance, which supports the uptrend […]

Japanese Yen: USD/JPY (JPY=X) Trying to Break the Trend

Japanese Yen: USD/JPY (JPY=X) Trying to Break the Trend

Japanese Yen: USD/JPY (JPY=X) Trying to Break the Trend Throughout last week’s trading, we have not seen strong USD/JPY moves, as the pair has tried to avoid breaking the uptrend by moving below the 108.00 support level. The pair lost support at 108.27 but at the same time it did not find enough support to […]

Japanese Yen: USD/JPY (JPY=X) Pair Looks As If It Is Building Support

Japanese Yen: USD/JPY (JPY=X) Pair Looks As If It Is Building Support

Japanese Yen: USD/JPY (JPY=X) Pair Looks As If It Is Building Support The US dollar has pulled back slightly against the Japanese yen to kick off the trading session on Friday, and at this point it looks as if we are essentially stuck between the 50 day EMA underneath and the 200 day EMA above. […]

Japanese Yen: USD/JPY (JPY=X) continue to expect volatility and the possibility of a two-sided trade

Japanese Yen: USD/JPY (JPY=X) continue to expect volatility and the possibility of a two-sided trade

Japanese Yen: USD/JPY (JPY=X) continue to expect volatility and the possibility of a two-sided trade The Dollar/Yen is trading slightly lower on Thursday after clawing back most of its earlier losses. The early volatility is being fueled by headlines over U.S.-China trade relations. The negative headlines driving the Forex pair lower are saying a potential […]

Japanese Yen: USD/JPY (JPY=X) Japan’s Exports Post Worst Fall in 3 Years

Japanese Yen: USD/JPY (JPY=X) Japan’s Exports Post Worst Fall in 3 Years

Japanese Yen: USD/JPY (JPY=X) Japan’s Exports Post Worst Fall in 3 Years The Dollar/Yen is trading lower on Wednesday and threatening to take out last week’s low at 108.244 as concerns over the progress of U.S.-China trade negotiations have fueled another round of safe-haven buying of the Japanese Yen. The move into the Yen is […]

Japanese Yen: USD/JPY (JPY=X) Bearish Reversal at 61.8% Fibonacci Resistance Near 109

Japanese Yen: USD/JPY (JPY=X) Bearish Reversal at 61.8% Fibonacci Resistance Near 109

Japanese Yen: USD/JPY (JPY=X) Bearish Reversal at 61.8% Fibonacci Resistance Near 109 On the daily chart below, it seems clear that the USD/JPY is trying to avoid reaching the 108.00 support so as not to confirm the breach of the general bullish trend. During yesterday’s session, it rose to 109.07 resistance, but returned to move […]

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 […]