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

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

Japanese Yen: USD/JPY (JPY=X) maintains upward momentum The bounce off the 100-day simple moving average (SMA) is intact, and with a positive crossover looming on the daily moving average convergence divergence (MACD) the bulls could see further upside from here for USD/JPY. Trendline resistance comes in around ¥113.89, with a break higher from here ending the […]

Japanese Yen: USD/JPY (JPY=X) remains confined to a broad trading range

Japanese Yen: USD/JPY (JPY=X) remains confined to a broad trading range

Japanese Yen: USD/JPY (JPY=X) remains confined to a broad trading range The Japanese Yen has been in a broad trading range against the US Dollar since late October and it looks as though it will be worth playing for some time yet. The range base comes in at 112.34 which is just about exactly where the first, 23.6% Fibonacci […]

Japanese Yen: USD/JPY (JPY=X) falls sharply

Japanese Yen: USD/JPY (JPY=X) falls sharply

Japanese Yen: USD/JPY (JPY=X) falls sharply The USD/JPY pair has been hit by heavy selling, having been unable to move above ¥114.00 over the past month. The next area of support is around ¥112.30, the late November lows. Below this is the October low around ¥111.65. Any break higher requires a daily close above trendline resistance from […]

Japanese Yen: USD/JPY (JPY=X) expected to trade sideways for now

Japanese Yen: USD/JPY (JPY=X) expected to trade sideways for now

Japanese Yen: USD/JPY (JPY=X) expected to trade sideways for now We expected USD to “edge lower” since last Thursday (29 Nov, spot at 113.55) but it traded in a quiet manner and closed at about the same level on Thursday (113.47) and Friday (113.46). The mild downward momentum has eased and USD is still likely […]

Japanese Yen: USD/JPY (JPY=X) may continue to consolidate

Japanese Yen: USD/JPY (JPY=X) may continue to consolidate

Japanese Yen: USD/JPY (JPY=X) may continue to consolidate  USD/JPY marks another failed attempt to test the 2018-high (114.55)as Fed Chairman Jerome Powell tames speculation for an extended hiking-cycle,and the dollar-yen exchange rate may continue to consolidate ahead of the next interest rate decision on December 19 as it preserves the range for November. The reaction […]

Japanese Yen: USD/JPY (JPY=X) gives back gains

Japanese Yen: USD/JPY (JPY=X) gives back gains

Japanese Yen: USD/JPY (JPY=X) gives back gains After falling sharply, USD/JPY may try to rebound, but it will need to recover ¥113.60 otherwise a more bearish view begins to emerge. Below ¥113.20 the price heads towards ¥112.40. Overall, the bias in prices is: Sideways. The projected upper bound is: 114.56. The projected lower bound is: 112.30. The […]

Japanese Yen: USD/JPY (JPY=X) under selling pressure and drops to 113.70

Japanese Yen: USD/JPY (JPY=X) under selling pressure and drops to 113.70

Japanese Yen: USD/JPY (JPY=X) under selling pressure and drops to 113.70 The pair has now faded the earlier spike to multi-day highs in the 113.90 area and it has returned to the 113.70 region, turning negative for the day. The now bearish performance in spot follows the drop in yields of the key US 10-year […]

Japanese Yen: USD/JPY (JPY=X) rally revives

Japanese Yen: USD/JPY (JPY=X) rally revives

Japanese Yen: USD/JPY (JPY=X) rally revives The dollar continues to find its feet, with a sustained pickup in USD/JPY over the past week. Gains yesterday stalled at ¥113.64, but above here the ¥114.00 area comes into view, followed by the peak from October at ¥114.50. Dips towards ¥113.00 would still be potential buying opportunities. Overall, the bias […]

Japanese Yen: USD/JPY (JPY=X) inflation indicators next

Japanese Yen: USD/JPY (JPY=X) inflation indicators next

Japanese Yen: USD/JPY (JPY=X) inflation indicators next The Japanese yen has ticked higher in the Monday session. In North American trade, USD/JPY is trading at 113.46, up 0.45% on the day. On the release front, Japanese Flash Manufacturing PMI dipped to 51.8, shy of the estimate of 53.0. This marked a 4-month low. Later in […]

Japanese Yen: USD/JPY (JPY=X) mixed performance expected

Japanese Yen: USD/JPY (JPY=X) mixed performance expected

Japanese Yen: USD/JPY (JPY=X) mixed performance expected The Dollar/Yen put in a mixed performance last week before closing higher. The price action was a little skewed last week due to thin trading conditions because of bank holidays in the United States and Japan. The Forex pair started the week under pressure as investors continued to […]

Japanese Yen: USD/JPY (JPY=X) bears take charge

Japanese Yen: USD/JPY (JPY=X) bears take charge

Japanese Yen: USD/JPY (JPY=X) bears take charge USD/JPY has continued to decline, and a small rally towards ¥112.60 has been met with fresh selling. Unless the price recovers the ¥113.40 level, then any rally looks to be a selling opportunity. The next levels to watch on the downside include ¥111.82 and then ¥111.38. Overall, the bias […]

Japanese Yen: USD/JPY (JPY=X) resistance at 113.10

Japanese Yen: USD/JPY (JPY=X) resistance at 113.10

Japanese Yen: USD/JPY (JPY=X) resistance at 113.10 The Japanese yen has posted slight losses in the Monday session. In North American trade, USD/JPY is trading at 112.48, down 0.32% on the day. On the release front, Japan’s trade surplus rose to JPY 0.30 trillion, lower than the estimate of JPY 0.48 trillion. There are no […]

Japanese Yen: USD/JPY (JPY=X) falters again

Japanese Yen: USD/JPY (JPY=X) falters again

Japanese Yen: USD/JPY (JPY=X) falters again USD/JPY continues to weaken, and we look for further declines towards the 50-day simple moving average (SMA) at ¥112.76. Rallies have been sold into over the past few days, but a rebound above ¥113.64 would be bullish in the near term. Overall, the bias in prices is: Sideways. By the […]

Japanese Yen: USD/JPY (JPY=X) falters again

Japanese Yen: USD/JPY (JPY=X) falters again

Japanese Yen: USD/JPY (JPY=X) falters again USD/JPY continues to weaken, and we look for further declines towards the 50-day simple moving average (SMA) at ¥112.76. Rallies have been sold into over the past few days, but a rebound above ¥113.64 would be bullish in the near term. Overall, the bias in prices is: Sideways. By the […]

Japanese Yen: USD/JPY (JPY=X) preparing for a breakout

Japanese Yen: USD/JPY (JPY=X) preparing for a breakout

Japanese Yen: USD/JPY (JPY=X) preparing for a breakout Amid the recent pressure on U.S. stocks, traditional safe-haven assets have not performed well. Weakness in the Japanese yen, Swiss franc, and gold have highlighted the limited interest in fleeing from U.S. equities. However, this dynamic may be ready to shift. A reversal of today’s early rallies […]

Japanese Yen: USD/JPY (JPY=X) keeps on rallying

Japanese Yen: USD/JPY (JPY=X) keeps on rallying

Japanese Yen: USD/JPY (JPY=X) keeps on rallying The ascent of USD/JPY continues, consolidating above ¥114.00 and on course to target the ¥114.50 area seen at the beginning of October. Dips have been firmly bought over the past few days, so we would need to see a move below ¥113.00 to suggest some near-term weakness. Overall, the bias […]

Japanese Yen: USD/JPY (JPY=X) Bank of Japan is widely expected to press on with its ultra-loose monetary policy

Japanese Yen: USD/JPY (JPY=X) Bank of Japan is widely expected to press on with its ultra-loose monetary policy

Japanese Yen: USD/JPY (JPY=X) Bank of Japan is widely expected to press on with its ultra-loose monetary policy The Dollar/Yen rose last week as buyers returned to the stock market, dampening the attraction of the Japanese Yen as a safe-haven asset. However, the biggest influence on the Forex pair was the diverging monetary policies of […]

Japanese Yen: USD/JPY (JPY=X) gains continue

Japanese Yen: USD/JPY (JPY=X) gains continue

Japanese Yen: USD/JPY (JPY=X) gains continue The uptrend from the lows of last week continues, with the price of the USD/JPY clocking up a higher high in the process on the hourly chart. The next target is now ¥114.50, the highs from early October. Dips towards ¥113.00 may well find buyers. Overall, the bias in prices is: […]

Japanese Yen: USD/JPY (JPY=X) sharp retreat

Japanese Yen: USD/JPY (JPY=X) sharp retreat

Japanese Yen: USD/JPY (JPY=X) sharp retreat Intraday bias in USD/JPY is turned neutral with today’s sharp retreat. On the upside, above 113.81 will extend the rebound from 113.37 to 114.54 resistance. We’d be cautious on strong resistance from there to limit upside to bring another fall. On the downside, break of 112.56 minor support will […]

Japanese Yen: USD/JPY (JPY=X) challenges recent resistance

Japanese Yen: USD/JPY (JPY=X) challenges recent resistance

Japanese Yen: USD/JPY (JPY=X) challenges recent resistance The 31 October high at ¥113.38 for USD/JPY is still acting as resistance, with an attempt to move above this level today defeated. Above this, ¥113.64 and then ¥114.50 are potential targets. Due to ¥112.56 being defended by buyers last week, a move below this is required to […]

Japanese Yen: USD/JPY (JPY=X) first support at 112.60

Japanese Yen: USD/JPY (JPY=X) first support at 112.60

Japanese Yen: USD/JPY (JPY=X) first support at 112.60 The USD/JPY extends its sideways movement into the NA session and struggles to determine its next short-term direction as investors stay on the sidelines ahead of Tuesday’s critical midterm elections in the U.S. As of writing, the pair was virtually unchanged on the day at 113.18. The […]

Japanese Yen: USD/JPY (JPY=X) Bank of Japan maintained its monetary policy

Japanese Yen: USD/JPY (JPY=X) Bank of Japan maintained its monetary policy

Japanese Yen: USD/JPY (JPY=X) Bank of Japan maintained its monetary policy The Japanese yen has posted slight gains in the Wednesday session, after recording losses in the past two sessions. In North American trade, USD/JPY is trading at 113.15, up 0.06% on the day. On the release front, the Bank of Japan maintained its monetary […]

Japanese Yen: USD/JPY (JPY=X) strides higher

Japanese Yen: USD/JPY (JPY=X) strides higher

Japanese Yen: USD/JPY (JPY=X) strides higher USD/JPY has recovered from weakness at the end of last week, and moved above the post-March rising trendline once more. Further gains above ¥113.00, which acted as resistance in mid-October, would target ¥113.64 and then ¥114.50. Price action at the end of last week suggests that there is support around […]

Japanese Yen: USD/JPY (JPY=X) BOJ decision next

Japanese Yen: USD/JPY (JPY=X) BOJ decision next

Japanese Yen: USD/JPY (JPY=X) BOJ decision next The Japanese yen has posted considerable losses in the Monday session, erasing Friday’s gains. In North American trade, USD/JPY is trading at 112.40, up 0.45% on the day. On the release front, Japanese retail sales posted a strong gain of 2.1%, matching the forecast. In the U.S, the […]

Japanese Yen: USD/JPY (JPY=X) Stock sell-off, mixed data

Japanese Yen: USD/JPY (JPY=X) Stock sell-off, mixed data

Japanese Yen: USD/JPY (JPY=X) Stock sell-off, mixed data Global stock markets dropped sharply and set the tone for currencies as well. A mix of concerns about the Fed’s rate hikes, Trump’s tariffs, a slowdown in emerging markets, Brexit, and Italy’s stand-off with the EU all weighed. Towards the end of the week, unimpressive earning by […]

Japanese Yen: USD/JPY (JPY=X) 111.80 would suggest further USD weakness

Japanese Yen: USD/JPY (JPY=X) 111.80 would suggest further USD weakness

Japanese Yen: USD/JPY (JPY=X) 111.80 would suggest further USD weakness We held the same view since last Thursday (18 Oct, spot at 112.65) wherein “USD has moved into a consolidation phase” and is expected to trade sideways within a 111.80/113.30 range. The price action since then is line with our expectation as USD traded sideways […]

Japanese Yen: USD/JPY (JPY=X) currently mixed

Japanese Yen: USD/JPY (JPY=X) currently mixed

Japanese Yen: USD/JPY (JPY=X) currently mixed The Japanese yen is currently mixed. While the yen is steady against the US dollar and Australian dollar, the currency is strengthening against the euro and the British pound. Yesterday, the yen strengthened against the US dollar following renewed volatility in US equity markets. Trading volumes in yen futures […]

Japanese Yen: USD/JPY (JPY=X) Japanese policymakers are keeping a close eye on the strained relations between China and the U.S

Japanese Yen: USD/JPY (JPY=X) Japanese policymakers are keeping a close eye on the strained relations between China and the U.S

Japanese Yen: USD/JPY (JPY=X) Japanese policymakers are keeping a close eye on the strained relations between China and the U.S The Japanese yen has edged lower in the Monday session. In North American trade, USD/JPY is trading at 112.68 up 0.12% on the day. On the release front, Japanese All Industries Activity improved 0.5%, up from […]

Japanese Yen: USD/JPY (JPY=X) buyers still in control

Japanese Yen: USD/JPY (JPY=X) buyers still in control

Japanese Yen: USD/JPY (JPY=X) buyers still in control USD/JPY’s bounce off the lows from the beginning of the week remains intact, and a fresh drop yesterday brought out the buyers. Above ¥112.75 the price targets ¥113.64 and then ¥114.49. A close below ¥111.62 is needed to negate rising trendline support and suggest a more bearish […]

Japanese Yen: USD/JPY (JPY=X) renewed selling pressure

Japanese Yen: USD/JPY (JPY=X) renewed selling pressure

Japanese Yen: USD/JPY (JPY=X) renewed selling pressure The USD/JPY pair came under a renewed selling pressure in the early NA session as the weakening market sentiment allowed the JPY to gather strength as a safe-haven. After dropping to a fresh daily low at 112.06, the pair recovered slightly and was last seen trading at 112.12, […]

Japanese Yen: USD/JPY (JPY=X) follows the rules

Japanese Yen: USD/JPY (JPY=X) follows the rules

Japanese Yen: USD/JPY (JPY=X) follows the rules USD/JPY could be executing a classic bounce off a rising trendline, finding support around ¥111.60, where the trendline from the March lows comes into play. We have yet to see a new higher high intraday however, so a move above ¥112.50 is needed to suggest bullish momentum has […]

Japanese Yen: USD/JPY (JPY=X) global risk sentiment is deteriorating

Japanese Yen: USD/JPY (JPY=X) global risk sentiment is deteriorating

Japanese Yen: USD/JPY (JPY=X) global risk sentiment is deteriorating The Japanese yen is currently strengthening against all major currencies. The yen is currently the strongest against the British pound. Last week, the yen moved up sharply against the US dollar. Notably, week-over-week trading volumes in yen futures were up sharply relative to the previous week […]

Japanese Yen: USD/JPY (JPY=X) Stock correction or change of course?

Japanese Yen: USD/JPY (JPY=X) Stock correction or change of course?

Japanese Yen: USD/JPY (JPY=X) Stock correction or change of course? The Japanese yen returned to its role as a safe-haven currency. The sell-off in stocks sent money flowing into the yen. The correction seen late in the week helped the pair recover as well. US data did not help the greenback: Core CPI got stuck at […]

Japanese Yen: USD/JPY (JPY=X) follows equities lower

Japanese Yen: USD/JPY (JPY=X) follows equities lower

Japanese Yen: USD/JPY (JPY=X) follows equities lower USD/JPY is one area where forex markets have seen similar drama to equity markets. The retracement has been swift and may well continue, with the 50-day simple moving average (SMA) at ¥111.82 one possible area of support, and then rising trendline support from the March lows at around ¥111.65. […]

Japanese Yen: USD/JPY (JPY=X) rising global bond yields

Japanese Yen: USD/JPY (JPY=X) rising global bond yields

Japanese Yen: USD/JPY (JPY=X) rising global bond yields The Japanese yen is currently weakening against all major currencies. The yen is the weakest against the British pound today. Yesterday, the yen ended the day slightly lower against the US dollar. Notably, trading volumes in Japanese yen futures accelerated relative to the previous session and compared […]

Japanese Yen: USD/JPY (JPY=X) takes on trendline resistance

Japanese Yen: USD/JPY (JPY=X) takes on trendline resistance

Japanese Yen: USD/JPY (JPY=X) takes on trendline resistance Downtrend resistance at ¥113.50 will come into play if the bounce seen so far today for USD/JPY gathers momentum. If it breaks higher, then ¥113.64 and then ¥114.50 are the next targets to watch. Further declines below ¥112.80 will open the way to ¥112.15 and then rising trendline support […]

Japanese Yen: USD/JPY (JPY=X) recording considerable losses

Japanese Yen: USD/JPY (JPY=X) recording considerable losses

Japanese Yen: USD/JPY (JPY=X) recording considerable losses USD/JPY has recorded considerable losses on Monday, after losing ground in the past two sessions. In North American trade, the pair is trading at 113.15, down 0.50% on the day. There are no U.S releases due to a holiday. Later in the day, Japan releases Current Account, which […]

Japanese Yen: USD/JPY (JPY=X) inflation remains well below the Bank of Japan target of close to 2%

Japanese Yen: USD/JPY (JPY=X) inflation remains well below the Bank of Japan target of close to 2%

Japanese Yen: USD/JPY (JPY=X) inflation remains well below the Bank of Japan target of close to 2% In Japan, inflation remains well below the Bank of Japan target of close to 2%, and the business sector has lowered its expectations regarding inflation. According to a BoJ survey, companies are projecting inflation at 0.8%, down from […]

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

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

Japanese Yen: USD/JPY (JPY=X) continues upwards After yesterday’s small move lower we have seen a recovery for USD/JPY, holding the ¥113.64 level. A fresh push above ¥114.00 targets ¥114.50, which had been significant resistance throughout 2017. A deeper pullback below ¥113.64 would target rising trendline support from the March lows, around ¥112.00. Overall, the bias in […]

Japanese Yen: USD/JPY (JPY=X) bullish pattern underway

Japanese Yen: USD/JPY (JPY=X) bullish pattern underway

Japanese Yen: USD/JPY (JPY=X) bullish pattern underway Bank of America Merrill Lynch discusses USD/JPY technical outlook and flags a bullish pattern underway with a scope of 118.80 on a clear break of 114.45. “The weekly chart of USD/JPY has broken two thresholds of technical significance. Price action last week closed above the 200wk SMA for the […]

Japanese Yen: USD/JPY (JPY=X) Close to Resistance

Japanese Yen: USD/JPY (JPY=X) Close to Resistance

Japanese Yen: USD/JPY (JPY=X) Close to Resistance If the NKY and US 10 y yields continue to track higher, there is no reason the markets shouldn’t take out 114 this week. However, counter to my original thoughts that the USDJPY was an under-owned position, the latest CFTC data is painting a decidedly different picture as […]

Japanese Yen: USD/JPY (JPY=X) suggest a double top has been created

Japanese Yen: USD/JPY (JPY=X) suggest a double top has been created

Japanese Yen: USD/JPY (JPY=X) suggest a double top has been created The ¥113.00 level continues to act as strong resistance for USD/JPY, and further declines may suggest a double top has been created. A decline may aim for the March rising trendline, targeting ¥111.00. Above ¥113.00, the price will head towards the December 2017 peak at […]

Japanese Yen: USD/JPY (JPY=X) falls but remain above daily lows

Japanese Yen: USD/JPY (JPY=X) falls but remain above daily lows

Japanese Yen: USD/JPY (JPY=X) falls but remain above daily lows USD/JPY fells but remain above daily lows. The USD/JPY was hovering slightly below 113.00 before the release of the Fed’s decision and it dropped modestly afterwards. It bottomed at 112.76 and it was holding near the lows with a negative tone amid a slide of […]

Japanese Yen: USD/JPY (JPY=X) surge continues unabated

Japanese Yen: USD/JPY (JPY=X) surge continues unabated

Japanese Yen: USD/JPY (JPY=X) surge continues unabated Since the beginning of the month the intraday dips in USD/JPY have been steadily bought, so we would need to see a move below ¥112.40 to break this run of higher lows. From here a deeper retracement towards the post-March rising trendline, down towards ¥111.30, could see fresh buying pressure […]

Japanese Yen: USD/JPY (JPY=X) traders brush off US-China tensions

Japanese Yen: USD/JPY (JPY=X) traders brush off US-China tensions

Japanese Yen: USD/JPY (JPY=X) traders brush off US-China tensions he Japanese yen is currently weakening against all major currencies except the Australian dollar and the Canadian dollar. Last week, the yen continued to weaken against the US dollar. Trading volumes in Japanese yen futures decelerated week-over-week, albeit to a fairly small degree. Today’s USD/JPY trading […]

Japanese Yen: USD/JPY (JPY=X) looking set to retrace once more

Japanese Yen: USD/JPY (JPY=X) looking set to retrace once more

Japanese Yen: USD/JPY (JPY=X) looking set to retrace once more USD/JPY managed to rally from trendline support perfectly yesterday, with the pair pushing through the top end of the Bollinger band. However, with the price shifting back below the upper band, we can draw similarities with the previous occasions that we broke higher within this channel. The […]

Japanese Yen: USD/JPY (JPY=X) pulls back into trendline support

Japanese Yen: USD/JPY (JPY=X) pulls back into trendline support

Japanese Yen: USD/JPY (JPY=X) pulls back into trendline support USD/JPY has dropped into trendline support overnight, with the recent channel looking to come back into play. Looking at the stochastic oscillator, we can also see an area of trendline support coming into view too. With that in mind, there is a good chance we will see […]

Japanese Yen: USD/JPY (JPY=X) rally picks up steam

Japanese Yen: USD/JPY (JPY=X) rally picks up steam

Japanese Yen: USD/JPY (JPY=X) rally picks up steam A rising trendline from the March lows continues to offer support for USD/JPY, and the close above the resistance zone around ¥112.00 suggests a push to the July highs at ¥113.00. Retracements towards ¥111.00 and the post-March trendline will continue to be buying opportunities, with a close below […]

Japanese Yen: USD/JPY (JPY=X) watching politics

Japanese Yen: USD/JPY (JPY=X) watching politics

Japanese Yen: USD/JPY (JPY=X) watching politics The on-going Bank of Japan (BoJ) meeting finds the conclusion due 19 September with markets widely expecting the BoJ to hold steady, an assumption likely to remain status quo for a long time to come. The true focus for the week, however, would be with trade tensions instead amid […]

Japanese Yen: USD/JPY (JPY=X) Fewer concerns but also a potential change of policy by the BOJ

Japanese Yen: USD/JPY (JPY=X) Fewer concerns but also a potential change of policy by the BOJ

Japanese Yen: USD/JPY (JPY=X) Fewer concerns but also a potential change of policy by the BOJ The deadline came and went and the US did not impose new tariffs on China. On one hand, Trump threatened to add additional ones. On the other hand, Treasury Secretary Steven Mnuchin initiated talks with China. Does he have […]

Japanese Yen: USD/JPY (JPY=X) rebounds sharply and extends daily gains

Japanese Yen: USD/JPY (JPY=X) rebounds sharply and extends daily gains

Japanese Yen: USD/JPY (JPY=X) rebounds sharply and extends daily gains The USD/JPY pair dropped immediately after the release of a lower-than-expected US CPI reading. It fell to 111.35 and then rebounded sharply, breaking on top of 111.60. The greenback also climbed above intraday August highs and reached 111.90, the highest since August 1. As of writing was […]

Japanese Yen: USD/JPY (JPY=X) vulnerable to a correction towards 110.77

Japanese Yen: USD/JPY (JPY=X) vulnerable to a correction towards 110.77

Japanese Yen: USD/JPY (JPY=X) vulnerable to a correction towards 110.77 USD/JPY rebounded on chatter of US-China talks but that’s all been given back now and more. The pair is down 50 pips on the day to 111.14 after a quick 10 pip drop in the past few minutes as stops below the earlier session low […]

Japanese Yen: USD/JPY (JPY=X) rallies sharply

Japanese Yen: USD/JPY (JPY=X) rallies sharply

Japanese Yen: USD/JPY (JPY=X) rallies sharply More dollar strength is in evidence for USD/JPY, but a close above ¥112.00 is still needed to suggest a real breakout has occurred. This would then target ¥113.00 and higher. A bearish view requires a move back below ¥110.40. Overall, the bias in prices is: Sideways. By the way, prices […]

Japanese Yen: USD/JPY (JPY=X) fails to recover ¥112.00

Japanese Yen: USD/JPY (JPY=X) fails to recover ¥112.00

Japanese Yen: USD/JPY (JPY=X) fails to recover ¥112.00 While we did see a recovery on Friday, USD/JPY has yet to move above the important ¥112.00 area. Only such a move will create a more bullish impression. Further losses would bring the ¥110.50 support area into view, and then down to ¥109.80. Overall, the bias in prices is: […]

Japanese Yen: USD/JPY (JPY=X) still on the up

Japanese Yen: USD/JPY (JPY=X) still on the up

Japanese Yen: USD/JPY (JPY=X) still on the up USD/JPY has been pushing steadily higher over the past few days, although a close above ¥111.80 still eludes it. Above this, ¥112.20 and then ¥113.00 come into view. A close below ¥110.70 would be needed to suggest more near-term weakness. Overall, the bias in prices is: Sideways. By […]

Japanese Yen: USD/JPY (JPY=X) EM stress yet to spark haven buying

Japanese Yen: USD/JPY (JPY=X) EM stress yet to spark haven buying

Japanese Yen: USD/JPY (JPY=X) EM stress yet to spark haven buying While it is impossible to ignore the fact that South Africa is now technically in recession, and Turkey and Argentina are facing currency stress, so far US stock markets have proven to be relatively immune to any contagion. Analysts at Maybank believe that eventually, […]

Japanese Yen: USD/JPY (JPY=X) moves above 50-day SMA

Japanese Yen: USD/JPY (JPY=X) moves above 50-day SMA

Japanese Yen: USD/JPY (JPY=X) moves above 50-day SMA USD/JPY is advancing once again, with buyers stepping in around the ¥111.00 level over the past three sessions. The move back above the 50-day SMA (¥111.19) adds to the bullish view. Further gains would target the area around ¥112.00 that has acted as resistance since the end of […]

Japanese Yen: USD/JPY (JPY=X) showing little movement

Japanese Yen: USD/JPY (JPY=X) showing little movement

Japanese Yen: USD/JPY (JPY=X) showing little movement The Japanese yen is showing little movement in the Monday session. In North American trade, the pair is trading at 111.14, up 0.04% on the day. In economic news, Japanese Capital Spending jumped 12.8% in the second quarter, crushing the estimate of 6.6%. This marked the strongest reading […]

Japanese Yen: USD/JPY (JPY=X) Data on the Quieter Side this Week

Japanese Yen: USD/JPY (JPY=X) Data on the Quieter Side this Week

Japanese Yen: USD/JPY (JPY=X) Data on the Quieter Side this Week For the Japanese yen, data is on the quieter side, with key stats limited to 2nd quarter capital spending due out on Monday and July household spending figures on Friday. Direction through the week will ultimately come down to risk appetite through the week. The […]

Japanese Yen: USD/JPY (JPY=X) uptrend renewed with the recent break through 111.50

Japanese Yen: USD/JPY (JPY=X) uptrend renewed with the recent break through 111.50

Japanese Yen: USD/JPY (JPY=X) uptrend renewed with the recent break through 111.50 The Japanese yen has edged higher in the Thursday session, erasing the losses seen on Wednesday. In North American trade, the pair is trading at 111.26, down 0.38% on the day. On the release front, Japanese retail sales dropped to 1.8%, but still […]

Japanese Yen: USD/JPY (JPY=X) break of 111.48 suggests that rebound from 109.76 is resuming

Japanese Yen: USD/JPY (JPY=X) break of 111.48 suggests that rebound from 109.76 is resuming

Japanese Yen: USD/JPY (JPY=X) break of 111.48 suggests that rebound from 109.76 is resuming USD/JPY’s break of 111.48 suggests that rebound from 109.76 is resuming. Intraday bias is back on the upside for 112.14 resistance. Note again that correction from 113.17 should have completed at 109.76 already. Break of 112.14 should target a test on […]

Japanese Yen: USD/JPY (JPY=X) Rebound has scope to extend higher but 112.14 is likely out of reach

Japanese Yen: USD/JPY (JPY=X) Rebound has scope to extend higher but 112.14 is likely out of reach

Japanese Yen: USD/JPY (JPY=X) Rebound has scope to extend higher but 112.14 is likely out of reach Despite the overall positive indications, USD has not been able to make much headway on the upside as it traded within relatively narrow ranges over the past couple of days. We continue see scope for a higher USD […]

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

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

Japanese Yen: USD/JPY (JPY=X) Bullish Outlook The USD/JPY exchange rate has experienced a very strong rise over the past three trading days but has found some difficulty maintaining a breakout higher. If the Friday candlestick were to close below Thursday’s high, this would have been a clear indication of some indecision followed by very apparent […]

Japanese Yen: USD/JPY (JPY=X) hits trendline resistance

Japanese Yen: USD/JPY (JPY=X) hits trendline resistance

Japanese Yen: USD/JPY (JPY=X) hits trendline resistance Silver markets have grounds sideways for some time, over the last several days. The $14.80 level has been a bit of an anchor for price, but above there I see the $15.00 level as being massive resistance. Short-term rallies will of course offer selling opportunities as that is […]

Japanese Yen: USD/JPY (JPY=X) unchanged ahead of Japanese inflation reports

Japanese Yen: USD/JPY (JPY=X) unchanged ahead of Japanese inflation reports

Japanese Yen: USD/JPY (JPY=X) unchanged ahead of Japanese inflation reports The Japanese yen is unchanged in the Wednesday session. In the North American session, USD/JPY is trading at 110.42, up 0.11% on the day. In economic news, Japanese All Industries Activity declined by 0.8%, missing the estimate of -0.7%. The U.S releases Existing Home Sales, which […]

Japanese Yen: USD/JPY (JPY=X) dips, investors await Fed minutes

Japanese Yen: USD/JPY (JPY=X) dips, investors await Fed minutes

Japanese Yen: USD/JPY (JPY=X) dips, investors await Fed minutes The Japanese Yen has been in demand in recent weeks as the risk element increases due to trade disruption fears. As a result, the safe haven currencies have received some decent bids, therefore USD/JPY has traded on a bearish trend for some time. With little data […]

Japanese Yen: USD/JPY (JPY=X) gains ground as greenback loses luster

Japanese Yen: USD/JPY (JPY=X) gains ground as greenback loses luster

Japanese Yen: USD/JPY (JPY=X) gains ground as greenback loses luster USD/JPY recovered to 111.42 last week but failed to extend gain and retreated. Initial bias is neutral this week first. And near term outlook is unchanged. The corrective decline from 113.17 might extend lower. But downside should be contained by 38.2% retracement of 104.62 to […]

Japanese Yen: USD/JPY (JPY=X) shrugs off lower Japanese trade balance

Japanese Yen: USD/JPY (JPY=X) shrugs off lower Japanese trade balance

Japanese Yen: USD/JPY (JPY=X) shrugs off lower Japanese trade balance The USD/JPY had looked fairly resolute in the face of rising trading tensions between China and the United States, with the pair holding well above its 200-day moving average. However, it became apparent this week that falling U.S. and Chinese equity markets quickly weigh heavily […]

Japanese Yen: USD/JPY (JPY=X) Outlook unclear

Japanese Yen: USD/JPY (JPY=X) Outlook unclear

Japanese Yen: USD/JPY (JPY=X) Outlook unclear Our recent expectation for USD to edge lower towards 109.35 is proven wrong as it staged a surprisingly strong rebound and hit an overnight high of 111.31. While the high is below the 111.50 ‘key resistance’, the strong daily closing is enough to indicate that the recent downward pressure […]

Japanese Yen: USD/JPY (JPY=X) rally revives

Japanese Yen: USD/JPY (JPY=X) rally revives

Japanese Yen: USD/JPY (JPY=X) rally revives The sharp rebound for USD/JPY here from the lows yesterday has carried over into Tuesday’s session. Now, the bulls need to push above the descending trendline from the July highs up at ¥113.20. A failure to break this line might suggest a new move lower is underway, targeting ¥110.00. Overall, the […]

Japanese Yen: USD/JPY (JPY=X) focus will be on for a close below 110.50

Japanese Yen: USD/JPY (JPY=X) focus will be on for a close below 110.50

Japanese Yen: USD/JPY (JPY=X) focus will be on for a close below 110.50 Much like the USD, the Japanese Yen has been among the notable beneficiary from the negative sentiment stemming from the sell in EM currencies. USDJPY broke through key support at 110.50, however, focus will be on for a close below 110.50 to […]

Japanese Yen: USD/JPY (JPY=X) Buying into Yen

Japanese Yen: USD/JPY (JPY=X) Buying into Yen

Japanese Yen: USD/JPY (JPY=X) Buying into Yen USD/JPY isn’t showing that Dollar-strength to the same degree as EUR/USD and GBP/USD, indicating continued Yen strength, which will often show during risk-off environments. USD/JPY remains mired in a falling wedge formation while other major pairs are printing at fresh yearly lows (or highs). This would point to […]

Japanese Yen: USD/JPY (JPY=X) remains content to hold above the 50-day moving average

Japanese Yen: USD/JPY (JPY=X) remains content to hold above the 50-day moving average

Japanese Yen: USD/JPY (JPY=X) remains content to hold above the 50-day moving average Following a test of the 200– and 100-hour SMAs and the weekly PP at 111.40 early on Wednesday, the US Dollar began a new decline down to the 110.80 mark. This pushed the rate below the bottom boundary of the senior wedge. […]

Japanese Yen: USD/JPY (JPY=X) downwards to 110.55

Japanese Yen: USD/JPY (JPY=X) downwards to 110.55

Japanese Yen: USD/JPY (JPY=X) downwards to 110.55 Having reversed from 112.15-20 horizontal-resistance, the USDJPY now rests on 50-day SMA level of 110.80, which if broken on a daily closing basis could further fetch the quote downwards to 110.55 and 110.25-20 support-zone. In case the pair refrains to respect the 110.20 mark, its plunge to 100-day […]

Japanese Yen: USD/JPY (JPY=X) looks set to try for another move higher

Japanese Yen: USD/JPY (JPY=X) looks set to try for another move higher

Japanese Yen: USD/JPY (JPY=X) looks set to try for another move higher The overall move higher for USD/JPY from March remains intact, with the recovery above ¥111.00 confirming the more bullish view. A steady push higher over the past two weeks indicates that the buyers are still in charge, with a move below ¥110.50 needed to negate […]

Japanese Yen: USD/JPY (JPY=X) Looking for resistance ahead of the monthly open

Japanese Yen: USD/JPY (JPY=X) Looking for resistance ahead of the monthly open

Japanese Yen: USD/JPY (JPY=X) Looking for resistance ahead of the monthly open USD/JPY extended losses on Friday, driven by rather strong bearish momentum mid-session. It pushed the rate past the 55-, 100– and 200-hour SMAs down to the senior channel near 111.00. This line is supported by the 200-period SMA on the 4H chart. Thus, […]

Japanese Yen: USD/JPY (JPY=X) correction from 113.17 is in progress

Japanese Yen: USD/JPY (JPY=X) correction from 113.17 is in progress

Japanese Yen: USD/JPY (JPY=X) correction from 113.17 is in progress Japan may have been usurped by China as the world’s second largest economy some years ago, but it remains of critical importance to global economy. Japan still accounts for a substantial 4.5% of global GDP at purchasing power parity as per the International Monetary Fund […]

Japanese Yen: USD/JPY (JPY=X) mild bearish bias

Japanese Yen: USD/JPY (JPY=X) mild bearish bias

Japanese Yen: USD/JPY (JPY=X) mild bearish bias US dollar strength is still prevailing across the board, in line with the recent market consensus. The Federal Reserve kept the benchmark interest rate on hold this morning after yesterday’s Federal Open Market Committee (FOMC) meeting. On the Daily chart below, after a strong breakout of the 110.00 […]

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

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

Japanese Yen: USD/JPY (JPY=X) Trade Wars in Focus After touching its highest level in nearly two weeks at 112.15, the USD/JPY pair lost its momentum and retraced its daily gains. As of writing, the pair was virtually unchanged on the day at 111.88. The immediate support for the pair is located at 111.70 (daily low/20-DMA) ahead […]

Japanese Yen: USD/JPY (JPY=X) break out near 112.00 level

Japanese Yen: USD/JPY (JPY=X) break out near 112.00 level

Japanese Yen: USD/JPY (JPY=X) break out near 112.00 level The USD/JPY has charted a bull flag – a bullish continuation pattern – on the 15-minute chart. An upside breakout looks likely and would signal a continuation of the rally from the post-BOJ low of 110.76 and allow a rally to 112.43 (target as per the measured […]

Japanese Yen: USD/JPY (JPY=X) staying in consolidation from 110.58 temporary low

Japanese Yen: USD/JPY (JPY=X) staying in consolidation from 110.58 temporary low

Japanese Yen: USD/JPY (JPY=X) staying in consolidation from 110.58 temporary low The Japanese yen trades marginally lower in early Asia despite robust retail sales data. It made intraday high at 111.16 and low at 110.89 levels. A sustained close above 111.22 is required to take the parity higher towards key resistance around 112.62 and 114.72 […]

Japanese Yen: USD/JPY (JPY=X) gains ground on strong inflation

Japanese Yen: USD/JPY (JPY=X) gains ground on strong inflation

Japanese Yen: USD/JPY (JPY=X) gains ground on strong inflation The second biggest development last week was the surge in Japanese yield. It’s started by rumors that BoJ is considering to tweak the policy under the yield curve control framework. Under YCC, it’s targeting 10 year JGB yield at 0%. And BoJ could lift the target […]

Japanese Yen: USD/JPY (JPY=X) Bearish Correction to 110.00

Japanese Yen:  USD/JPY (JPY=X) Bearish Correction to 110.00

Japanese Yen: USD/JPY (JPY=X) Bearish Correction to 110.00 he Japanese yen has posted slight gains in the Tuesday session. In the North American session, USD/JPY is trading at 111.24, down 0.09% on the day. On the release front, Japanese Flash Manufacturing PMI slipped to 51.6, short of the estimate of 53.2 points. The indicator is at […]