Japanese Yen: USD/JPY (JPY=X) Consolidating The US dollar has gone back and forth during the trading session on Wednesday, as we continue to dance around the 50 and the 200 day EMA indicators. At this point, the market doesn’t necessarily look as if it is ready to go anywhere anytime soon, so I believe that the market […]
Japanese Yen: USD/JPY (JPY=X) Bulls Are Still Strong USD/JPY has bounced off session lows at 108.67 and was trading at 109.10. The pair’s near-term outlook has turned bullish after breakout at 200+DMA resistance on Monday’s trade. On the economic front, Japan’s preliminary estimate of the February Leading Economic Index, came in at 92.1, beating the […]
Japanese Yen: USD/JPY (JPY=X) – Surge in Demand for Risky Assets Sinks Japanese Yen The Dollar/Yen is trading higher late Monday, helped by increased demand for risky assets and concerns that a jump in the number of coronavirus cases in Japan will do further damage to the already wounded economy. At 13:50 GMT, the USD/JPY is trading […]
Japanese Yen: USD/JPY (JPY=X) – Fear of Global Recession Makes Dollar Highly Desired Liquid Asset The Dollar/Yen firmed last week as investors took shelter in the U.S. currency amid worsening economic fallout from the coronavirus pandemic. Investors largely shrugged off the U.S. Non-Farm Payrolls report that showed massive job losses of 701,000 last month, compared […]
Japanese Yen: USD/JPY (JPY=X) – US Dollar Struggles Against Safety Currency The US dollar initially tried to rally during the trading session on Thursday but gave back the gains as it looks like we are seeing a lot of trouble right around the ¥107.50 level. Ultimately, the market is likely to continue to go lower due to […]
Japanese Yen: USD/JPY (JPY=X) More bearish on souring risk sentiment The dollar held gains on Thursday as investors rushed to the security of the world’s most liquid currency as the coronavirus pandemic caused massive disruptions to global trade. The dollar index against a basket of major six currencies gained 0.53% overnight as the U.S. currency […]
Japanese Yen: USD/JPY (JPY=X) – US Dollar Attempts to Continue Move Higher Against Yen The US dollar has broken higher during the trading session on Tuesday, breaking above the candlestick that was so neutral and interesting on Monday. This suggests that we could go higher but we are also seeing a bit of the selloff as the […]
Japanese Yen: USD/JPY (JPY=X) – US Dollar Breaks Through Major Support The US dollar has broken down significantly during the trading session on Thursday, slicing through the bottom of several hammers that had formed over the last several days. At this point, the ¥112 level is an area that seems to be crucial for traders to pay […]
Japanese Yen: USD/JPY (JPY=X) US Dollar Continues to Power Higher The US dollar rallied a bit during the trading session again on Wednesday, as the ¥112 level looms large just above. If the market can finally break through there, it will obviously go much higher, due to the fact that every time this market has […]
Japanese Yen: USD/JPY (JPY=X) – US Dollar Recovers After Initial Fall The US dollar initially pulled back a bit during the trading session on Wednesday but then turned around to show signs of strength. The ¥108 level is going to offer a bit of resistance, and so will the 200 day EMA which sits just above there. […]
Japanese Yen: USD/JPY (JPY=X) – US Dollar Explodes to The Upside The US dollar has rallied significantly during the trading session on Friday, reaching towards the ¥107.50 level. At this point, the market has seen a lot of selling pressure in this area and I think that we may run out of steam here. Furthermore, I can […]
Japanese Yen: USD/JPY (JPY=X) – US Dollar Continues to Trade On Fear The US dollar has fallen against the Japanese yen during trading on Wednesday, as we are now below the ¥105 level again. Ultimately, this is a market that continues to dance around the gap that had formed. The ¥104.20 level is an area […]
Japanese Yen: USD/JPY (JPY=X) Retraces but Sellers are Waiting The USD/JPY is moving towards 106.30 the POC confluence zone. At this point we might see a retracement but watch out for fresh sellers. 106.30-40 is the zone where we might see fresh selling. If the price moves within 106.30-70, fresh sellers could join and turn […]
Japanese Yen: USD/JPY (JPY=X) – Fiscal Stimulus Hopes Sink Demand for Safe Haven Yen The Dollar/Yen is trading higher on Tuesday and the price action indicates the Forex pair could move a lot higher this week amid speculation that several major governments will announce stimulus measures this week. Yields are rising in the United States, […]
Japanese Yen: USD/JPY (JPY=X) – Us Dollar Gets Crushed Against Japanese Yen And Safety Bid The US dollar has been crushed against most currencies around the world during the trading session on Monday, and especially against the Japanese yen as it is without a doubt the best performer globally. This as markets are falling apart, […]
Japanese Yen: USD/JPY (JPY=X) – US Dollar Falls Hard Against Japanese Yen The US dollar has broken down significantly during the week, reaching down towards the ¥105 level. That is the bottom of a larger consolidation area, so the question is whether or not we can continue to break down? I do think that it […]
Japanese Yen: USD/JPY (JPY=X) US Dollar Breaks Down Against Japanese Yen The US dollar initially tried to rally during the trading session on Thursday but gave back the gains as we continue to see risk go back and forth in the markets overall. The US dollar initially tried to rally during the trading session on […]
Japanese Yen: USD/JPY (JPY=X) Traders Waiting for BOJ to Make Its Move The Dollar/Yen is trading slightly higher on Wednesday after reversing earlier losses. The move is being fueled by a pick-up in demand for higher risk assets, however, weaker Treasury yields are helping to cap gains. Despite the turmoil in the markets, the response […]
Japanese Yen: USD/JPY (JPY=X) – US Dollar Pulls Back Against Japanese Yen After G7 Disappoints The US dollar has pulled back a bit during the trading session after initially trying to rally above the 200 day EMA. The G7 had a conference call that ended up being a very disappointing event, as the G7 suggested […]
Japanese Yen: USD/JPY (JPY=X) Looking for Signs of life The US dollar broke down significantly during the trading session on Friday as fear continues to be a major driver of markets. The Japanese yen is likely to continue to be a safety currency, and at this point it looks like the US dollar is being […]
Japanese Yen: USD/JPY (JPY=X) Main Trend Changes to Down after Powell Hints at Rate Cut Any doubts about the Japanese Yen’s status as a safe-haven asset were put to bed on Friday after the currency rallied to a 20-week high against the U.S. Dollar on Friday. The Yen posted its largest daily gain since May […]
Japanese Yen: USD/JPY (JPY=X) – US Dollar Choppy Against Japanese Yen The US dollar has been all over the place against the Japanese yen during the trading session on Tuesday, as Japan went back to work after the Emperor’s birthday. That being said, the market is struggling to determine whether or not the US dollar […]
Japanese Yen: USD/JPY (JPY=X) Back to Safe-Haven Status? The Dollar/Yen is trading lower for a third consecutive session on Tuesday as sellers continue to erase the huge spike to the upside which took place on February 19 and February 20. The price action suggests that those predicting the end of the Japanese Yen’s dominance as […]
Japanese Yen: USD/JPY (JPY=X) – Bank of Japan’s Kuroda Blames Yen’s Fall on Strong Dollar, Upbeat on Economy The Dollar/Yen is trading lower on Monday as some investors are apparently moving back into the Japanese Yen due to its safe-haven qualities. Last week, the Japanese Yen plunged nearly 2% against the U.S. Dollar, even while […]
Japanese Yen: USD/JPY (JPY=X) Investors Fear Spreading Coronavirus Will Drag Down Asian Economies The major surprise in the Forex markets last week was the plunge in the Japanese Yen. The usual safe-haven currency posted its worst week in two-and-a-half years as worries about the coronavirus’ spread in South Korea, Japan and Beijing drove funds from […]
Japanese Yen: USD/JPY (JPY=X) could find some type of profit-taking The US dollar has rallied again during the trading session on Thursday, reaching towards the ¥112 level. We are bit overbought at this point though, so don’t be surprised at all to see this market pullback. If it does, the ¥110 level underneath is what […]
Japanese Yen: USD/JPY (JPY=X) – Strengthens Over 109.938, Weakens Under 109.876 The Dollar/Yen is trading higher on Wednesday as a slight decline in the number of new coronavirus cases lifted risk appetite. The number of new virus cases fell for a second straight day, even as the death toll in mainland China crossed 2,000 on […]
Japanese Yen: USD/JPY (JPY=X) showing signs of life The US dollar has initially dipped during the trading session on Monday, but then bounced enough to show signs of life again as the market continues to struggle with the idea of ¥110 as resistance. Ultimately, this is a market that moves right along with risk appetite, […]
Japanese Yen: USD/JPY (JPY=X) Appetite for Risk Declines The Dollar/Yen is down sharply on Thursday after China’s Hubei province, the epicenter of a coronavirus outbreak, reported a sharp jump in the number of new cases in a surprise to investors, sparking a flight into the safe-haven Japanese Yen. Hubei on Thursday reported 14,840 new cases […]
Japanese Yen: USD/JPY (JPY=X) investor indecision and impending volatility The Dollar/Yen is edging higher on Wednesday, but inside yesterday’s range. This tends to indicate investor indecision and impending volatility. The Forex pair has traded inside Friday’s range all week, solidifying our conclusion that investors aren’t sure how to play the coronavirus story. Improving risk appetite […]
Japanese Yen: USD/JPY (JPY=X) continues to see a lot of resistance The US dollar has pulled back a bit during the trading session on Tuesday, as we continue to see a lot of resistance near the ¥110 level. That’s an area that of course will attract a lot of attention, as it is a large, […]
Japanese Yen: USD/JPY (JPY=X) lingering concerns over the impact of the coronavirus The Dollar/Yen firmed as global equity markets and government debt yields slumped on Friday as lingering concerns over the impact of the coronavirus on global growth overshadowed a better-than-expected U.S. jobs report that indicated an economy on pace to grow moderately. Wall Street […]
Investors Flock To Safe-Haven Japanese Yen: USD/JPY (JPY=X) Amidst Coronavirus Panic The Japanese Yen exchange rates trended higher against the majority of its peers over the last week as the currencies perceived safe-haven status created significant demand from investors spooked by the coronavirus outbreak in China. Markets grew increasingly unsettled by coronavirus developments this week […]
Japanese Yen: USD/JPY (JPY=X) looking towards the ¥110 level The US dollar has filled the gap from the open on Monday, so it’s very likely that we will then go looking towards the ¥110 level, which would be an area that will attract a lot of attention because it is a large, round, psychologically significant […]
Japanese Yen: USD/JPY (JPY=X) pullbacks will continue to offer plenty of value The US dollar has rallied slightly against the Japanese yen on Monday, as we continue to see a lot of US dollar strength in general. That being said, the market has exploded to the upside and we are a bit of her stretched […]
Japanese Yen: USD/JPY (JPY=X) investors react to a mixed performance in the global equity markets The Dollar/Yen is trading nearly flat on Tuesday as investors react to a mixed performance in the global equity markets. Helping to put a lid on the Forex pair is the plunge in Asia Pacific shares. Underpinning the Forex pair […]
Japanese Yen: USD/JPY (JPY=X) global growth concerns continue to be a major issue The US dollar has gapped lower against the Japanese yen to kick off the week on Monday, as global growth concerns continue to be a major issue, especially now that the Chinese are starting to close down entire cities. With that being […]
Japanese Yen: USD/JPY (JPY=X) Failing to Hold Gains The US dollar tried to rally during the trading session on Wednesday but gave back quite a bit of the gains in order to form a less than impressive candlestick. That being the case, if we break down below the bottom of the candlestick for the Wednesday […]
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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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) Continues To Grind 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 in order […]
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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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) At Crucial Junction The US dollar has gone sideways against the Japanese yen during the trading session on Thursday, as we essentially have had nowhere to be. Ultimately, this is a market that is trying to figure out whether or not it can break out to the upside for a longer-term […]
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 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 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 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 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 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 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 […]
