Japanese Yen: USD/JPY (JPY=X) Momentum Shifts to Downside if 109.790 Fails

Japanese Yen: USD/JPY (JPY=X) Momentum Shifts to Downside if 109.790 Fails

Japanese Yen: USD/JPY (JPY=X) Momentum Shifts to Downside if 109.790 Fails The Dollar/Yen is trading lower on Tuesday as the spread of a pneumonia-like virus in China sparked a sudden bout of risk aversion and drove Asian stocks sharply lower. The outbreak of the disease, which has spread from the central city of Wuhan, is […]

Japanese Yen: USD/JPY (JPY=X) Ready to Pull Back

Japanese Yen: USD/JPY (JPY=X) Ready to Pull Back

Japanese Yen: USD/JPY (JPY=X) Ready to Pull Back The US dollar went back and forth during the trading session on Friday as we had broken above the ¥110 level, but still are simply sitting around. At this point, I think that the market is running into a bit of exhaustion, perhaps needing to pull back […]

Japanese Yen: USD/JPY (JPY=X) US Dollar Rockets Higher Against Japanese Yen During The Week

Japanese Yen: USD/JPY (JPY=X) US Dollar Rockets Higher Against Japanese Yen During The Week

Japanese Yen: USD/JPY (JPY=X) US Dollar Rockets Higher Against Japanese Yen During The Week The US dollar has rallied against the Japanese yen during the week, breaking above the 200 week EMA. That’s a good sign, and for that matter we have even broken above the 110 level which of course is a large round […]

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) US Dollar Gives Up Gains Against Japanese Yen

Japanese Yen: USD/JPY (JPY=X) US Dollar Gives Up Gains Against Japanese Yen

Japanese Yen: USD/JPY (JPY=X) US Dollar Gives Up Gains Against Japanese Yen The US dollar has initially tried to rally during the trading session on Monday but gave back quite a bit of the gains. By doing so, we have broken back below the 200 day EMA during the middle the day, showing just how […]

Japanese Yen: USD/JPY (JPY=X) Begins with ‘Cautiously Bullish’ Tone

Japanese Yen: USD/JPY (JPY=X) Begins with ‘Cautiously Bullish’ Tone

Japanese Yen: USD/JPY (JPY=X) Begins with ‘Cautiously Bullish’ Tone Mixed comments about the status of trade talks between the United States and China encouraged some investors to seek shelter in the safe-haven Japanese Yen although U.S. stock market investors seemed to read the developments as bullish. This should be the focus for investors this week […]

Japanese Yen: USD/JPY (JPY=X) Trade optimism weighs on safe-haven assets

Japanese Yen: USD/JPY (JPY=X) Trade optimism weighs on safe-haven assets

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

Japanese Yen: USD/JPY (JPY=X) expect choppy behaviour

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

Japanese Yen: USD/JPY (JPY=X) market looks more bullish in the short term

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

Japanese Yen: USD/JPY (JPY=X) trapped between two major moving averages

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

Japanese Yen: USD/JPY (JPY=X) investors will be more focused on U.S.-China trade relations

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

Japanese Yen: USD/JPY (JPY=X) Smashed, Bullish Strategies No Longer Attractive

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

Japanese Yen: USD/JPY (JPY=X)  Powell’s Optimism Drives Risk-On Rally

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

Japanese Yen: USD/JPY (JPY=X) further upside may be on the horizon

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

Japanese Yen: USD/JPY (JPY=X) Fed Rate Cut Priced In, BOJ Rate Decision Uncertain

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

Japanese Yen: USD/JPY (JPY=X) risk appetite remains fairly strong

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

Japanese Yen: USD/JPY (JPY=X) Bullish Development

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

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

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

Japanese Yen: USD/JPY (JPY=X) currently trading around a pivotal technical juncture

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

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

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

Japanese Yen: USD/JPY (JPY=X) investors will be keeping an eye on U.S. durable goods orders and consumer confidence

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) currently correcting gains

Japanese Yen: USD/JPY (JPY=X) currently correcting gains

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

Japanese Yen: USD/JPY (JPY=X) showing signs of resiliency by turning around

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

Japanese Yen: USD/JPY (JPY=X) target 109.75-84

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

Japanese Yen: USD/JPY (JPY=X) US dollar continues to churn against Yen

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

Japanese Yen: USD/JPY (JPY=X) supported early by a strong performance in the Asia Pacific markets

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

Japanese Yen: USD/JPY (JPY=X) Trump could trigger a break

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

Japanese Yen: USD/JPY (JPY=X) Fed Minutes Will Be Eyed Closely

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

Japanese Yen: USD/JPY (JPY=X) reverses off downtrend resistance- risk for further losses sub-108.18

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

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

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

Japanese Yen: USD/JPY (JPY=X) market will continue to move along with risk appetite

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

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

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

Japanese Yen: USD/JPY (JPY=X) May Reverse

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

Japanese Yen: USD/JPY (JPY=X) likely that some downside potential could prevail

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

Japanese Yen: USD/JPY (JPY=X) will continue to see a lot of back-and-forth grinding

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

Japanese Yen: USD/JPY (JPY=X) trend is likely to continue because of uncertainties over U.S.-China trade relations

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

Japanese Yen: USD/JPY (JPY=X) Price Forecast US Dollar Runs Into Resistance

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

Japanese Yen: USD/JPY (JPY=X) Federal Reserve meeting in focus

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

Japanese Yen: USD/JPY (JPY=X) testing weekly downtrend resistance ahead of Fed

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

Japanese Yen: USD/JPY (JPY=X) traders look for the safety of the yen after the drone attacks in Saudi Arabia

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

Japanese Yen: USD/JPY (JPY=X) could rise sharply after the Fed announcement

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) Rises on BoJ Sources

Japanese Yen: USD/JPY (JPY=X) Rises on BoJ Sources

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) Testing Major Retracement Zone at 106.890 to 107.463

Japanese Yen: USD/JPY (JPY=X) Testing Major Retracement Zone at 106.890 to 107.463

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) puts in a monster day after FOMC-fuelled bounce

Japanese Yen: USD/JPY (JPY=X) puts in a monster day after FOMC-fuelled bounce

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

Japanese Yen: USD/JPY (JPY=X) builds support at 108.47

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

Bank of Japan maintains monetary policy tools unchanged, Japanese Yen: USD/JPY (JPY=X) gains

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

Japanese Yen: USD/JPY (JPY=X) BOJ is expected to leave its benchmark interest rate unchanged

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 Yen: USD/JPY (JPY=X) focus  will be keeping a close eye on the Bank of Japan

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

Japanese Yen: USD/JPY (JPY=X) price action suggests investor indecision and impending volatility

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

Japanese Yen: USD/JPY (JPY=X) in the middle of a consolidation area

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

Japanese Yen: USD/JPY (JPY=X) currently in the middle of a consolidation

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

Japanese Yen: USD/JPY (JPY=X) core inflation slowed to its weakest in two years

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

Japanese Yen: USD/JPY (JPY=X) could have another opportunity to resume its drop from Q2

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

Japanese Yen: USD/JPY (JPY=X) plenty of reasons to rally

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

Japanese Yen: USD/JPY (JPY=X) turns negative after being unable to break 108.30

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

Japanese Yen: USD/JPY (JPY=X) breaking above the top of the shooting star

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

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 […]

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