Japanese Yen: USD/JPY (JPY=X) risk aversion continues to dominate the market

Japanese Yen: USD/JPY (JPY=X) risk aversion continues to dominate the market

Japanese Yen: USD/JPY (JPY=X) risk aversion continues to dominate the market Despite the broad-based USD strength, the USD/JPY pair is posting losses for the second straight day on Thursday as the sour market sentiment continues to help the JPY outperform its rivals. As of writing, the pair was down 0.25% on a daily basis at […]

Japanese Yen: USD/JPY (JPY=X) Investors are keeping a close eye on the Federal Reserve meeting

Japanese Yen: USD/JPY (JPY=X) Investors are keeping a close eye on the Federal Reserve meeting

Japanese Yen: USD/JPY (JPY=X) Investors are keeping a close eye on the Federal Reserve meeting USD/JPY has posted slight losses on Wednesday. In the North American session, the pair is trading at 110.29, down 0.18% on the day. In economic news, Japan released strong numbers. Core Machinery Orders climbed 3.8%, crushing the estimate of o.0%. […]

Japanese Yen: USD/JPY (JPY=X) very sensitive to risk appetite globally

Japanese Yen: USD/JPY (JPY=X) very sensitive to risk appetite globally

Japanese Yen: USD/JPY (JPY=X) very sensitive to risk appetite globally The US dollar rallied significantly during the trading session on Tuesday, as we continue to see money flowed into the US dollar overall. However, this is a bit of a wrist sensitive currency pair, so keep in mind that the pair very often will move right […]

Japanese Yen: USD/JPY (JPY=X) will continue to see a lot of volatility

Japanese Yen: USD/JPY (JPY=X) will continue to see a lot of volatility

Japanese Yen: USD/JPY (JPY=X) will continue to see a lot of volatility The US dollar has gone back and forth during the trading session on Monday, as we continue to wonder what’s going to happen between the Americans and the Chinese. Ultimately, we are starting to see both of these countries verbally bash each other from […]

Japanese Yen: USD/JPY (JPY=X) Investors will be keeping an eye on Japanese Preliminary GDP

Japanese Yen: USD/JPY (JPY=X) Investors will be keeping an eye on Japanese Preliminary GDP

Japanese Yen: USD/JPY (JPY=X) Investors will be keeping an eye on Japanese Preliminary GDP The yen hasn’t received much help from economic conditions in Japan or Bank of Japan policy, but rising tensions between the U.S. and China have bolstered the yen, which has gained 1.2% in the month of May. Risk appetite has sagged […]

Japanese Yen: USD/JPY (JPY=X) broken down through two major retracements of this year’s rise

Japanese Yen: USD/JPY (JPY=X) broken down through two major retracements of this year’s rise

Japanese Yen: USD/JPY (JPY=X) broken down through two major retracements of this year’s rise The Japanese Yen’s current backstory is of course fundamental, with risk aversion stemming from increased US-China trade tensions supporting what is, after all, perhaps the quintessential anti-growth currency play. The US Dollar has haven appeal too, of course, but the Japanese […]

Japanese Yen: USD/JPY (JPY=X) posted four straight winning weeks, possible consolidation phase

Japanese Yen: USD/JPY (JPY=X) posted four straight winning weeks, possible consolidation phase

Japanese Yen: USD/JPY (JPY=X) posted four straight winning weeks, possible consolidation phase USD/JPY is almost unchanged on Wednesday. In the North American session, the pair is trading at 109.57, down 0.03% on the day. There are no major Japanese events. In the U.S., retail sales and core retail sales both missed expectations. On Thursday, the […]

Japanese Yen: USD/JPY (JPY=X) Japanese economic schedules are light as far as major economic releases are concerned

Japanese Yen: USD/JPY (JPY=X) Japanese economic schedules are light as far as major economic releases are concerned

Japanese Yen: USD/JPY (JPY=X) Japanese economic schedules are light as far as major economic releases are concerned Uncertainty over U.S.-China trade relations drove the price action last week in the Japanese Yen. It wasn’t the actual possibility that a potential trade deal would fall apart and the trade dispute between the economic powerhouses would escalate, […]

Japanese Yen: USD/JPY (JPY=X) Treasury yields rose and demand for risk increased amid optimism over U.S.-China relations

Japanese Yen: USD/JPY (JPY=X) Treasury yields rose and demand for risk increased amid optimism over U.S.-China relations

Japanese Yen: USD/JPY (JPY=X) Treasury yields rose and demand for risk increased amid optimism over U.S.-China relations The Dollar/Yen rallied on Friday as Treasury yields rose and demand for risk increased amid optimism over U.S.-China relations. Although a trade deal between the two economic powerhouses wasn’t reached, the price action suggests investors felt there was […]

Japanese Yen: USD/JPY (JPY=X) risk aversion continues to dominate

Japanese Yen: USD/JPY (JPY=X) risk aversion continues to dominate

Japanese Yen: USD/JPY (JPY=X) risk aversion continues to dominate The USD/JPY pair closed the previous day below the 110 mark for the first time since early April yesterday and extended its slide today to touch its lowest level since the first week of February at 109.60. Following that drop, the pair staged a modest rebound […]

Japanese Yen: USD/JPY (JPY=X) market isn’t quite ready to break out of the consolidation area

Japanese Yen: USD/JPY (JPY=X) market isn’t quite ready to break out of the consolidation area

Japanese Yen: USD/JPY (JPY=X) market isn’t quite ready to break out of the consolidation area The US dollar has fallen a bit during the Japanese yen during trading on Wednesday, reaching down towards the ¥110 level. That being said, it looks as if we are starting to find our sea legs as it were, and […]

Japanese Yen: USD/JPY (JPY=X) risks lurk around each corner as geopolitical tensions ramp up on a global scale

Japanese Yen: USD/JPY (JPY=X) risks lurk around each corner as geopolitical tensions ramp up on a global scale

Japanese Yen: USD/JPY (JPY=X) risks lurk around each corner as geopolitical tensions ramp up on a global scale We had a brief scare on trade comments from Mnuchin and Lighthizer which sent the yen on a tear in early Asia, down to the aforementioned lows from a touch away from 111 the figure while markets […]

Japanese Yen: USD/JPY (JPY=X) higher as nervous investors seek safe-haven assets

Japanese Yen: USD/JPY (JPY=X) higher as nervous investors seek safe-haven assets

Japanese Yen: USD/JPY (JPY=X) higher as nervous investors seek safe-haven assets USD/JPY has continued where it left off on Friday, as the pair as lost ground on Monday. In the North American session, the pair is trading at 110.87, down 0.20% on the day. Earlier in the day, the pair touched a low of 110.28, […]

Japanese Yen: USD/JPY (JPY=X) investors will still keep an eye on the BoJ minutes of the March meeting

Japanese Yen: USD/JPY (JPY=X) investors will still keep an eye on the BoJ minutes of the March meeting

Japanese Yen: USD/JPY (JPY=X) investors will still keep an eye on the BoJ minutes of the March meeting Is a U.S-China trade deal around the corner? Negotiations continue, but investors remain in the dark as to when a historic deal could be sealed. If there are clear signs that a deal is near, risk appetite […]

Japanese Yen: USD/JPY (JPY=X) markets are closed which explains the light volume

Japanese Yen: USD/JPY (JPY=X) markets are closed which explains the light volume

Japanese Yen: USD/JPY (JPY=X) markets are closed which explains the light volume The Dollar/Yen is trading slightly higher on Monday, but volume is below average and the range is tight. The Japanese markets are closed which explains the light volume. U.S. traders face a mountain of economic data later today and ahead of Wednesday’s U.S. […]

Japanese Yen: USD/JPY (JPY=X) inflation remains well below the BoJ target of 2.0 percent

Japanese Yen: USD/JPY (JPY=X) inflation remains well below the BoJ target of 2.0 percent

Japanese Yen: USD/JPY (JPY=X) inflation remains well below the BoJ target of 2.0 percent Dollar/yen posted slight losses last week.Japanese events tend not to have a significant effect on the pair, but investors will be keeping a close eye on the FOMC rate statement and nonfarm payrolls. Japanese inflation remains well below the BoJ target of […]

Japanese Yen: USD/JPY (JPY=X) longer-term money starting to come back into this market

Japanese Yen: USD/JPY (JPY=X) longer-term money starting to come back into this market

Japanese Yen: USD/JPY (JPY=X) longer-term money starting to come back into this market After the Bank of Japan basically said nothing new during Asian trading, you can see that the market has gone back and forth and still looks a bit confused as to where to go next. However, we have been in a nice uptrend […]

Japanese Yen: USD/JPY (JPY=X) signs of bullish reversal

Japanese Yen: USD/JPY (JPY=X) signs of bullish reversal

Japanese Yen: USD/JPY (JPY=X) signs of bullish reversal Intraday bias in USD/JPY remains neutral for the moment with focus on 112.13 key resistance. Decisive break there will resume whole rise from 104.69 for 100 % projection of 109.71 to 111.82 and 110.84 at 112.95 first. On the downside, firm break of 111.69 minor support will […]

Japanese Yen: USD/JPY (JPY=X) looks comfortable at its recent highs however and could well push on

Japanese Yen: USD/JPY (JPY=X) looks comfortable at its recent highs however and could well push on

Japanese Yen: USD/JPY (JPY=X) looks comfortable at its recent highs however and could well push on The Japanese Yen remains on the defensive against the US Dollar with USD/JPY still quite comfortable at two-month highs. Admittedly a bit of range trading has in the past few days replaced the more obvious uptrend on the daily chart. But long Easter holiday weekends […]

Japanese Yen: USD/JPY (JPY=X) rises back up to key level

Japanese Yen: USD/JPY (JPY=X) rises back up to key level

Japanese Yen: USD/JPY (JPY=X) rises back up to key level USD/JPY technicals are looking increasingly bullish despite key resistance placing a temporary cap on the uptrend. The 112.20-30 level is holding just as it did back in early March, yet at the same time the pair remains in an intact 4-week uptrend and the chart’s […]

Japanese Yen: USD/JPY (JPY=X) Upbeat China Data Support Treasury Yields, Appetite for Risk

Japanese Yen: USD/JPY (JPY=X) Upbeat China Data Support Treasury Yields, Appetite for Risk

Japanese Yen: USD/JPY (JPY=X) Upbeat China Data Support Treasury Yields, Appetite for Risk Helping to boost Treasury yields and demand for risky assets is the stronger-than-expected economic numbers from China. The data confirms the economy is bottoming out, mostly due to the stimulus from the Chinese economy. The headline data shows that China’s economy grew […]

Japanese Yen: USD/JPY (JPY=X) is expected to trade with a positive bias but 112.60 could be out of reach

Japanese Yen: USD/JPY (JPY=X) is expected to trade with a positive bias but 112.60 could be out of reach

Japanese Yen: USD/JPY (JPY=X) is expected to trade with a positive bias but 112.60 could be out of reach The ‘sideway-trading phase’ in USD that started in late March has ended as it hit a high of 112.09 last Friday before closing at a 4-month high of 112.02. The price action suggests the current USD […]

Japanese Yen: USD/JPY (JPY=X) is back within its old uptrend

Japanese Yen: USD/JPY (JPY=X) is back within its old uptrend

Japanese Yen: USD/JPY (JPY=X) is back within its old uptrend The Japanese Yen has returned to the defensive against the US Dollar after a period of daily-chart strength last week, with USD/JPY well illustrating the value of Fibonacci retracement levels to technical analysis. Between April 7 and 10 the pair retreated below the uptrend channel which had previously […]

Japanese Yen: USD/JPY (JPY=X) bull scenario remains a priority

Japanese Yen: USD/JPY (JPY=X) bull scenario remains a priority

Japanese Yen: USD/JPY (JPY=X) bull scenario remains a priority The bull scenario remains a priority: 70% of the experts, supported by 100% of the trend indicators, look to the north. According to them, if the yield on 10-year US Treasury bonds continues to grow, the pair, relying on support around 112.00, can rise to the […]

Japanese Yen: USD/JPY (JPY=X) 110.75 would sideline bulls for deeper correction

Japanese Yen: USD/JPY (JPY=X) 110.75 would sideline bulls for deeper correction

Japanese Yen: USD/JPY (JPY=X) 110.75 would sideline bulls for deeper correction The pair extends pullback from 111.82 high on Tuesday, following bearish signal from Monday’s marginal close below 200SMA and formation of reversal pattern on daily chart. Repeated close below 200SMA is needed to confirm near-term stance, however, corrective action should find footstep at 111 […]

Japanese Yen: USD/JPY (JPY=X) investors reacting to Friday’s mixed U.S. jobs report

Japanese Yen: USD/JPY (JPY=X) investors reacting to Friday’s mixed U.S. jobs report

Japanese Yen: USD/JPY (JPY=X) investors reacting to Friday’s mixed U.S. jobs report Investors may have grown tired of buying strength and may be setting up for a correction into value territory. Also a drop in Treasury yields may also be signaling confirmation of the Fed’s dovish policy. Given last week’s U.S. and China manufacturing PMI […]

Japanese Yen: USD/JPY (JPY=X) will continue to monitor the direction of U.S. Treasury yields

Japanese Yen: USD/JPY (JPY=X) will continue to monitor the direction of U.S. Treasury yields

Japanese Yen: USD/JPY (JPY=X) will continue to monitor the direction of U.S. Treasury yields Dollar/Yen traders will continue to monitor the direction of U.S. Treasury yields and appetite for risky assets. If both continue to rise then the Forex pair should move higher although buyers could run into resistance at 111.940 and 112.137. The price […]

Japanese Yen: USD/JPY (JPY=X) reaching towards the ¥111.50 level

Japanese Yen: USD/JPY (JPY=X) reaching towards the ¥111.50 level

Japanese Yen: USD/JPY (JPY=X) reaching towards the ¥111.50 level The US dollar has rallied a bit during the trading session on Thursday, reaching towards the ¥111.50 level. That is an area that extends all the way to the ¥112 level, and therefore it will be very interesting to see whether or not the market can break […]

Japanese Yen: USD/JPY (JPY=X) disappointing data weigh on the greenback

Japanese Yen: USD/JPY (JPY=X) disappointing data weigh on the greenback

Japanese Yen: USD/JPY (JPY=X) disappointing data weigh on the greenback For the second straight day on Wednesday, the USD/JPY pair struggled to make a decisive move in either direction and spent the second half of the day in a very tight range a little below the 111.50 mark. As of writing, the pair was up […]

Japanese Yen: USD/JPY (JPY=X) significant resistance that extends all the way up to the ¥112 level

Japanese Yen: USD/JPY (JPY=X) significant resistance that extends all the way up to the ¥112 level

Japanese Yen: USD/JPY (JPY=X) significant resistance that extends all the way up to the ¥112 level The US dollar has reached towards the ¥111.50 level, which is the beginning of significant resistance that extends all the way up to the ¥112 level. Once we break above there, then the market is very likely to take […]

Japanese Yen: USD/JPY (JPY=X) Heffx Technical Analysis

Japanese Yen: USD/JPY (JPY=X) Heffx Technical Analysis

Japanese Yen: USD/JPY (JPY=X) Heffx Technical Analysis The US dollar has gapped higher to kick off the trading session on Monday but has turned right back around to fill that gap already. With that in mind, I believe that this market is going to continue to go back and forth and look for some type of […]

Japanese Yen: USD/JPY (JPY=X) likely to be influenced by a slew of major U.S. economic data

Japanese Yen: USD/JPY (JPY=X) likely to be influenced by a slew of major U.S. economic data

Japanese Yen: USD/JPY (JPY=X) likely to be influenced by a slew of major U.S. economic data The Dollar/Yen closed higher last week as investors shrugged off predictions of a U.S. recession later in the year. Although U.S. Treasury yields tumbled to multi-year lows, the dollar lost no value against the Japanese Yen. There wasn’t even […]

Japanese Yen: USD/JPY (JPY=X) likely to be determined by trader reaction to the major Fibonacci level at 110.452

Japanese Yen: USD/JPY (JPY=X) likely to be determined by trader reaction to the major Fibonacci level at 110.452

Japanese Yen: USD/JPY (JPY=X) likely to be determined by trader reaction to the major Fibonacci level at 110.452 The Dollar/Yen is trading lower early Thursday amid another drop in U.S. Treasury yields and further weakness in the global equity markets. Traders are reacting to lower shares in Asia on Thursday, which are falling in reaction […]

Japanese Yen: USD/JPY (JPY=X) yen dips, consumer data ahead

Japanese Yen: USD/JPY (JPY=X) yen dips, consumer data ahead

Japanese Yen: USD/JPY (JPY=X) yen dips, consumer data ahead USD/JPY has edged higher on Wednesday. In the North American session, the pair is trading at 110.32, down 0.28% on the day. On the release front, there are no Japanese indicators. In the U.S., the trade deficit narrowed to $51.1 billion, better than expected. On Thursday, […]

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

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

Japanese Yen: USD/JPY (JPY=X) Volatility continues After a listless start to the week, USD/JPY has posted considerable gains on Tuesday. In Tuesday’s North American session, the pair is trading at 110.56, up 0.54% on the day. In the U.S., economic data disappointed. Building permits slowed to 1.30 million, shy of the estimate of 1.32 million. […]

Japanese Yen: USD/JPY (JPY=X) U.S. yield curve inverted

Japanese Yen: USD/JPY (JPY=X) U.S. yield curve inverted

Japanese Yen: USD/JPY (JPY=X) U.S. yield curve inverted The euro gained on Monday as a stronger-than-forecast German business confidence survey allayed some fears about a recession and pulled the safe-haven yen from a six-week high against the dollar. Financial markets around the globe were roiled on Friday, stemming from anxiety about an economic downturn after […]

Japanese Yen: USD/JPY (JPY=X) softness in the greenback

Japanese Yen: USD/JPY (JPY=X) softness in the greenback

Japanese Yen: USD/JPY (JPY=X) softness in the greenback The US dollar has pulled back a bit during the trading session again on Thursday, reaching towards the ¥110 level, an area that is major support. The moving averages above of course cause some noise in general, right around the ¥111 level. Ultimately, the market should continue to […]

Japanese Yen: USD/JPY (JPY=X) Still Eyes 112 Resistance

Japanese Yen: USD/JPY (JPY=X) Still Eyes 112 Resistance

Japanese Yen: USD/JPY (JPY=X) Still Eyes 112 Resistance The Japanese Yen has yet to surrender a key short-term psychological resistance point to the US Dollar, but it may do so very soon. USD/JPY remains well within the uptrend channel which has bounded trade for much of this year. However, the JPY112.00 level has capped the market. The pair […]

Japanese Yen: USD/JPY (JPY=X) bias remains neutral

Japanese Yen: USD/JPY (JPY=X) bias remains neutral

Japanese Yen: USD/JPY (JPY=X) bias remains neutral Consolidation from 112.13 is still in progress and intraday bias remains neutral first. As long as 110.35 support hold, near term outlook remains bullish. On the upside, break of 112.13 will resume the rally from 104.69 to 114.54 resistance next. However, firm break of 110.35 should confirm near […]

Japanese Yen: USD/JPY (JPY=X) moving towards the top of the bullish channel

Japanese Yen: USD/JPY (JPY=X) moving towards the top of the bullish channel

Japanese Yen: USD/JPY (JPY=X) moving towards the top of the bullish channel The USD/JPY bullish break could see price move towards the top of the bullish channel and the Fibonacci targets of wave 5 vs 1+3. This breakout could be part of an impulsive third wave (purple) whereas a bearish breakout could indicate a pauze […]

Japanese Yen: USD/JPY (JPY=X) bias remains neutral this week for some more consolidation

Japanese Yen: USD/JPY (JPY=X) bias remains neutral this week for some more consolidation

Japanese Yen: USD/JPY (JPY=X) bias remains neutral this week for some more consolidation USD/JPY rebounded further last week but was held below 112.13 resistance. Initial bias remains neutral this week for some more consolidation. But still, as long as 110.35 support hold, near term outlook remains bullish. On the upside, break of 112.13 will resume […]

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

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

Japanese Yen: USD/JPY (JPY=X) increased demand for risk The Dollar/Yen is trading higher on Thursday, reversing yesterday’s weakness. Increased demand for risk is helping to dampen the Japanese Yen’s appeal as a safe-haven asset and rising U.S. Treasury yields are making the U.S. Dollar a more attractive investment. The move are being fueled by positive […]

Japanese Yen: USD/JPY (JPY=X) Renewed Demand for Safe-Haven Protection

Japanese Yen: USD/JPY (JPY=X) Renewed Demand for Safe-Haven Protection

Japanese Yen: USD/JPY (JPY=X) Renewed Demand for Safe-Haven Protection Safe-haven buying is helping to drive the Dollar/Yen lower on Wednesday. Treasury yields are down, making the dollar a less-attractive investment and stocks are under pressure, sending investors into the safety of the Japanese Yen. The catalyst behind the early weakness in the Forex pair is […]

Japanese Yen: USD/JPY (JPY=X) 112.00 still eludes bulls to the upside

Japanese Yen: USD/JPY (JPY=X) 112.00 still eludes bulls to the upside

Japanese Yen: USD/JPY (JPY=X) 112.00 still eludes bulls to the upside The Japanese Yen has managed to fend off challenges from Dollar bulls since late February with the psychological 112.00 level remaining out of reach for USD/JPY. The pair did manage to poke above that point on an intraday basis on February 28 and again on March […]

Japanese Yen: USD/JPY (JPY=X) could see a bounce

Japanese Yen: USD/JPY (JPY=X) could see a bounce

Japanese Yen: USD/JPY (JPY=X) could see a bounce The US dollar fell hard against the Japanese yen initially during the trading session on Friday after the ¥111.50 level gave away. Beyond that, we had a jobs number that was horrific, in the sense that only 20,000 jobs were added last month, as opposed to the expected […]

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

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

Japanese Yen: USD/JPY (JPY=X) BoJ in Focus BSI larger manufacturing conditions figures for the 1st quarter are due out on Monday. The data is unlikely to have an impact on the Yen, which will continue to be driven by market risk sentiment. The markets will need to consider the BoJ’s monetary policy decision on Friday. The […]

Japanese Yen: USD/JPY (JPY=X) should remain very calm

Japanese Yen: USD/JPY (JPY=X) should remain very calm

Japanese Yen: USD/JPY (JPY=X) should remain very calm The US dollar has done very little against the Japanese yen during trading on Thursday, as we continue to bounce around between the ¥112 level on the top, and the ¥111.50 level on the bottom. Looking at this chart, it’s obvious that we are simply waiting for some type […]

Japanese Yen: USD/JPY (JPY=X) resistance near the ¥112 level

Japanese Yen: USD/JPY (JPY=X) resistance near the ¥112 level

Japanese Yen: USD/JPY (JPY=X) resistance near the ¥112 level The US dollar has rallied again during the trading session on Tuesday, slamming into the ¥112 level. This is a crucial level on the chart, and as a result if we can break above here on a daily close, perhaps clearing it by 25 pips or so, […]

Japanese Yen: USD/JPY (JPY=X) investors waiting to see what the jobs number is going to be

Japanese Yen: USD/JPY (JPY=X) investors waiting to see what the jobs number is going to be

Japanese Yen: USD/JPY (JPY=X) investors waiting to see what the jobs number is going to be The US dollar is running into a significant amount of resistance at the ¥112 level, basically where we started the major selloff from. At this point, the market continues to go back and forth at this area, and quite frankly […]

Japanese Yen: USD/JPY (JPY=X) Strong Appetite for Risk

Japanese Yen: USD/JPY (JPY=X) Strong Appetite for Risk

Japanese Yen: USD/JPY (JPY=X) Strong Appetite for Risk The Dollar/Yen posted a strong gain last week on the back of a sharp rise in U.S. Treasury yields. This widened the spread between U.S. Government bond yields and Japanese Government bond yields, making the U.S. Dollar a more attractive investment. After posting a mostly sideways trade […]

Japanese Yen: USD/JPY (JPY=X) Appetite for Risk Could Trigger Surge Over 112.335

Japanese Yen: USD/JPY (JPY=X) Appetite for Risk Could Trigger Surge Over 112.335

Japanese Yen: USD/JPY (JPY=X) Appetite for Risk Could Trigger Surge Over 112.335 The Dollar/Yen rose to its highest level since December 20 last week as demand for higher risk assets jumped amid a more upbeat outlook on some of the major economies of the world and the prospect of a trade deal between the United […]

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

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

Japanese Yen: USD/JPY (JPY=X) pressing major resistance The US dollar has initially pulled back during the trading session on Thursday but has turned around to break above the ¥111 level slightly. There is a massive amount of resistance above, and I think that should be something that you pay attention to. The ¥111.50 level is a […]

Japanese Yen: USD/JPY (JPY=X) investors eye Japanese manufacturing, retail sales

Japanese Yen: USD/JPY (JPY=X) investors eye Japanese manufacturing, retail sales

Japanese Yen: USD/JPY (JPY=X) investors eye Japanese manufacturing, retail sales USD/JPY has recorded slight gains on Wednesday. In the North American session, the pair is trading at 110.85, up 0.25% on the day. On the release front, U.S. data was mixed. Factory orders were up 0.1%, well off the forecast of 1.5%. Pending Home Sales […]

Japanese Yen: USD/JPY (JPY=X) Lack of Clarity Over Trade Deal

Japanese Yen: USD/JPY (JPY=X) Lack of Clarity Over Trade Deal

Japanese Yen: USD/JPY (JPY=X) Lack of Clarity Over Trade Deal The Dollar/Yen is trading lower on Tuesday in reaction to a drop in U.S. Treasury yields and lower demand for risky assets. This comes just one day after the Forex pair jumped to its highest level since December 27 on the back of higher Treasury […]

Japanese Yen: USD/JPY (JPY=X) focus is on inflation data

Japanese Yen: USD/JPY (JPY=X) focus is on inflation data

Japanese Yen: USD/JPY (JPY=X) focus is on inflation data USD/JPY has posted slight gains on Monday. In the North American session, the pair is trading at 111.10, up 0.38% on the day. It’s a light day for fundamentals, with no key events out of the United States. In Japan, the focus is on inflation data. […]

Focus this week for Japanese Yen: USD/JPY (JPY=X) traders should be on U.S. Treasury yields

Focus this week for Japanese Yen: USD/JPY (JPY=X) traders should be on U.S. Treasury yields

Focus this week for Japanese Yen: USD/JPY (JPY=X) traders should be on U.S. Treasury yields Last week’s mostly sideways trade in the USD/JPY sent a message to me that investors weren’t worried about risk or the direction of interest rates. The muted reaction to the mixed-to-potentially bearish U.S. economic data further confirmed my assessment. However, […]

Japanese Yen: USD/JPY (JPY=X) significant resistance

Japanese Yen: USD/JPY (JPY=X) significant resistance

Japanese Yen: USD/JPY (JPY=X) significant resistance The US dollar rallied a bit against the Japanese yen, but it seems as if we are still struggling at the 200 day EMA, and of course the 61.8% Fibonacci retracement level. The ¥111 level is significant resistance in and of itself, and as you can see to the left there […]

Japanese Yen: USD/JPY (JPY=X) sits at 110.80 levels but the 111.00 handle still proves to be elusive

Japanese Yen: USD/JPY (JPY=X) sits at 110.80 levels but the 111.00 handle still proves to be elusive

Japanese Yen: USD/JPY (JPY=X) sits at 110.80 levels but the 111.00 handle still proves to be elusive The pair continues to find support from around 110.50 and buyers broke back above the 100-hour MA (red line) in earlier trading to establish a more near-term bullish bias. The break comes after yet more disappointing data from […]

Japanese Yen: USD/JPY (JPY=X) expected to post a trade surplus after recording six successive deficits

Japanese Yen: USD/JPY (JPY=X) expected to post a trade surplus after recording six successive deficits

Japanese Yen: USD/JPY (JPY=X) expected to post a trade surplus after recording six successive deficits USD/JPY continues to show little movement this week. In Tuesday’s North American session, the pair is trading at 110.63, up 0.03% on the day. On the release front, there are no major events out of the United States. Japan is […]

Japanese Yen: USD/JPY (JPY=X) risk appetite improves

Japanese Yen: USD/JPY (JPY=X) risk appetite improves

Japanese Yen: USD/JPY (JPY=X) risk appetite improves Dollar/yen gained ground last week, as the pair recorded its highest weekly close since mid- December. Stocks rose, as investors remain optimistic on a deal between the U.S. and China. In the U.S., consumer spending had a dismal January, with retail sales and core retail sales recording sharp declines. […]

Japanese Yen: USD/JPY (JPY=X) rally targets 200-day SMA

Japanese Yen: USD/JPY (JPY=X) rally targets 200-day SMA

Japanese Yen: USD/JPY (JPY=X) rally targets 200-day SMA Gains continue here as USD/JPY moves on to challenge the 200-day simple moving average (SMA) of ¥111.27. The ¥111.47 level, resistance in mid-December, is the next area to watch, but the overall trend is resolutely higher. Overall, the bias in prices is: Sideways. The projected upper bound is: 111.90. […]

Japanese Yen: USD/JPY (JPY=X) Japanese PPI disappointed with a gain of 0.6%

Japanese Yen: USD/JPY (JPY=X) Japanese PPI disappointed with a gain of 0.6%

Japanese Yen: USD/JPY (JPY=X) Japanese PPI disappointed with a gain of 0.6% USD/JPY has gained ground in the Wednesday session. In the North American session, the pair is trading at 110.76, up 0.25% on the day. On the release front, Japanese PPI disappointed with a gain of 0.6% in January, shy of the estimate of […]

Japanese Yen: USD/JPY (JPY=X) pushes higher again

Japanese Yen: USD/JPY (JPY=X) pushes higher again

Japanese Yen: USD/JPY (JPY=X) pushes higher again The USD/JPY recovery goes on here, with the price moving back above the 50-day simple moving average (SMA) for the first time since mid-December. Further gains target ¥111.52. Last week saw the price stabilise around ¥109.80, and then break higher. A pullback towards ¥110.00 might provide another buying opportunity. Overall, […]

Japanese Yen: USD/JPY (JPY=X) Little Guidance from Global Equity Markets

Japanese Yen: USD/JPY (JPY=X) Little Guidance from Global Equity Markets

Japanese Yen: USD/JPY (JPY=X) Little Guidance from Global Equity Markets The major equity indexes in Asia are trading mixed on Monday with investors watching out for developments on the U.S.-China trade situation. Negotiators are set to go back to the table later after taking the week off due to the Lunar New Year holidays. Last […]

Japanese Yen: USD/JPY (JPY=X) bias remains neutral this week

Japanese Yen: USD/JPY (JPY=X) bias remains neutral this week

Japanese Yen: USD/JPY (JPY=X) bias remains neutral this week USD/JPY edged higher to 110.16 last week but turned sideway since then. Initial bias remains neutral this week first. On the upside, break of 110.16 will extend the rebound from 104.69. But we’d expect strong resistance from 61.8% retracement of 114.54 to 104.69 at 110.77 to […]

Japanese Yen: USD/JPY (JPY=X) looking to break higher

Japanese Yen: USD/JPY (JPY=X) looking to break higher

Japanese Yen: USD/JPY (JPY=X) looking to break higher Attempts to break above ¥110.00 have been fruitless so far for USD/JPY, but rising trendline support from the 31 January lows means we have an ascending triangle pattern in play. A break higher targets ¥111.36, while a bearish view targeting ¥108.60 would require a break below ¥109.70. Overall, […]

Japanese Yen: USD/JPY (JPY=X) Renewed Fears Over Trade Talks

Japanese Yen: USD/JPY (JPY=X) Renewed Fears Over Trade Talks

Japanese Yen: USD/JPY (JPY=X) Renewed Fears Over Trade Talks The Dollar/Yen is trading lower on Wednesday as safe-haven buying drew investors into the Japanese Yen. Although some market participants are calling President Trump’s State of the Union address a “dud”, Dollar/Yen traders seem to be leaning to the negative side. Trump didn’t say much to […]

Japanese Yen: USD/JPY (JPY=X) Back to 110.00 as Recovery Sets in

Japanese Yen: USD/JPY (JPY=X) Back to 110.00 as Recovery Sets in

Japanese Yen: USD/JPY (JPY=X) Back to 110.00 as Recovery Sets in Similar to the British Pound above, USD/JPY started the year with fireworks that have seemingly taken a back seat over the past four weeks. Prices in USD/JPY have recovered from the earlier-year ‘flash crash,’ and prices have run back-up to a key zone of resistance that runs from […]

Japanese Yen: USD/JPY (JPY=X) Chinese New Year holidays a prevalent distraction for a good part of the week

Japanese Yen: USD/JPY (JPY=X) Chinese New Year holidays a prevalent distraction for a good part of the week

Japanese Yen: USD/JPY (JPY=X) Chinese New Year holidays a prevalent distraction for a good part of the week As noted in our Asia week ahead, a relatively quiet week sets ahead compared to the barrage of events we saw in the previous one. Alongside the thinned market on the back of the Chinese New Year holidays, […]

Japanese Yen: USD/JPY (JPY=X) Investors remain somewhat cautious

Japanese Yen: USD/JPY (JPY=X) Investors remain somewhat cautious

Japanese Yen: USD/JPY (JPY=X) Investors remain somewhat cautious Investors remain somewhat cautious, which has kept the safe-haven yen subdued. The markets have digested that the Fed will likely ease up on monetary policy in 2019, which weighed on the greenback in January. The global trade war continues and investors are waiting to see if tensions […]

Japanese Yen: USD/JPY (JPY=X) takes a turn lower

Japanese Yen: USD/JPY (JPY=X) takes a turn lower

Japanese Yen: USD/JPY (JPY=X) takes a turn lower The dollar’s drop yesterday further reinforces the impression that the USD/JPY is headed lower. The price is oversold on an intraday basis, but any rebound may well provide a lower high in due course and a new selling opportunity. The ¥109.20 and then ¥109.60 levels are areas of possible […]

The Fed and the trade negotiations could impact the Japanese Yen: USD/JPY (JPY=X)

The Fed and the trade negotiations could impact the Japanese Yen: USD/JPY (JPY=X)

The Fed and the trade negotiations could impact the Japanese Yen: USD/JPY (JPY=X) The Dollar/Yen is trading lower on Wednesday in a limited trading range ahead of the start of the crucial trade talks between the U.S. and China, and the latest monetary policy decisions from the U.S. Federal Reserve. Both events could trigger a […]

Japanese Yen: USD/JPY (JPY=X) risk-off offers fresh lift to JPY bulls

Japanese Yen: USD/JPY (JPY=X) risk-off offers fresh lift to JPY bulls

Japanese Yen: USD/JPY (JPY=X) risk-off offers fresh lift to JPY bulls USD/JPY trades 0.06% lower on the day at 109.26 at 0500 GMT, bias lower.  The pair is extending weakness as the safe-haven Japanese yen remains in demand amid risk-off.  USD bulls remian on the side lines ahead of the Fed’s two-day policy meeting and […]

Japanese Yen: USD/JPY (JPY=X) at risk of fresh downward move

Japanese Yen: USD/JPY (JPY=X) at risk of fresh downward move

Japanese Yen: USD/JPY (JPY=X) at risk of fresh downward move The USD/JPY has traded in a tight range over the past week, moving from ¥109.20 to ¥110.00. A break above ¥110.00 would target the 200-day SMA at ¥111.14, while a push below ¥109.00 suggests that the pair has topped out and will resume the downward move in […]

Japanese Yen: USD/JPY (JPY=X) stuck below ¥110

Japanese Yen: USD/JPY (JPY=X) stuck below ¥110

Japanese Yen: USD/JPY (JPY=X) stuck below ¥110 As with equities, USD/JPY has struggled to make much upward progress so far this week. Rallies to ¥110.00 continue to hold back progress, but dips to ¥109.20 and ¥109.40 have found buyers. The current uptrend remains in place until the price breaks back below ¥109.00. Overall, the bias in prices […]

Japanese Yen: USD/JPY (JPY=X) BoJ’s interest rate decision was to remain on hold

Japanese Yen: USD/JPY (JPY=X) BoJ’s interest rate decision was to remain on hold

Japanese Yen: USD/JPY (JPY=X) BoJ’s interest rate decision was to remain on hold JPY weakened somewhat as BoJ’s interest rate decision was to remain on hold as was widely expected. The decision was accompanied by cuts in the forecasts for the core CPI rate in 2019/20 and a small boost in the forecast for the […]

Dip in Japanese Yen: USD/JPY (JPY=X) uptrend provides bulls with an opening

Dip in Japanese Yen: USD/JPY (JPY=X) uptrend provides bulls with an opening

Dip in Japanese Yen: USD/JPY (JPY=X) uptrend provides bulls with an opening As with equities, USD/JPY’s bounce has stalled over the past couple of sessions, but the uptrend is still in place. The pullback from Friday highs has been met with buying so far this morning, with the price finding support around ¥109.35. If a higher […]

Japanese Yen: USD/JPY (JPY=X) investors eye BoJ statement

Japanese Yen: USD/JPY (JPY=X) investors eye BoJ statement

Japanese Yen: USD/JPY (JPY=X) investors eye BoJ statement USD/JPY is quiet at the start of the week. In Monday’s North American session, the pair is trading at 109.67, down 0.09% on the day. In economic news, U.S banks are closed for a holiday. With no U.S or Japanese events on the schedule, traders can expect […]

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

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

Japanese Yen: USD/JPY (JPY=X) Increased Risk Appetite The Dollar/Yen rose last week on the back of higher Treasury yields and increased appetite for risky assets. Traders were reacting to optimism over progress in U.S-China trade talks. The catalysts behind the rising Treasury yields were reports that the two economic powerhouses were considering offering concessions to […]

Japanese Yen: USD/JPY (JPY=X) pulls back from overnight high

Japanese Yen: USD/JPY (JPY=X) pulls back from overnight high

Japanese Yen: USD/JPY (JPY=X) pulls back from overnight high Since yesterday’s high, the USD/JPY price has pulled back, but the uptrend from the lows of last Thursday remains intact. Even a dip to ¥108.50 would still be a possible buying opportunity, and for now the price is holding above ¥108.70. A fresh move higher, reinforced by the […]

Japanese Yen: USD/JPY (JPY=X) still very much in the consolidation phase

Japanese Yen: USD/JPY (JPY=X) still very much in the consolidation phase

Japanese Yen: USD/JPY (JPY=X) still very much in the consolidation phase The US dollar has gone sideways overall against the Japanese yen, showing a bit of resiliency. However, the ¥108 level underneath is massive support, so I think it is going to continue to be able to hold the market up a little bit. However, if […]

Japanese Yen: USD/JPY (JPY=X) stuck in tight range

Japanese Yen: USD/JPY (JPY=X) stuck in tight range

Japanese Yen: USD/JPY (JPY=X) stuck in tight range USD/JPY has moved sideways over the past few days, from around ¥108 to ¥109. A break of this range is needed to provide definitive direction, but with the price having rallied overnight from the lows around ¥108, a possible short trade within the current range emerges. Alternatively, with […]

Japanese Yen: USD/JPY (JPY=X) determined by investor appetite for risk

Japanese Yen: USD/JPY (JPY=X) determined by investor appetite for risk

Japanese Yen: USD/JPY (JPY=X) determined by investor appetite for risk The Dollar/Yen is being pressured on Monday from lower demand for risky assets. U.S. stock market weakness is driving some investors into the safe-haven Japanese Yen. The catalysts behind the weakness are weaker-than-expected trade data from China and concerns over the U.S. government shutdown. Investors […]

Japanese Yen: USD/JPY (JPY=X) moving in a fairly narrow side corridor

Japanese Yen: USD/JPY (JPY=X) moving in a fairly narrow side corridor

Japanese Yen: USD/JPY (JPY=X) moving in a fairly narrow side corridor After the “New Year storm,” caused by the lack of liquidity, the Japanese currency is complete calm, moving in a fairly narrow side corridor within 107.75-109.10. The pair met the end of the week in the same place where it started , near the […]

Japanese Yen: USD/JPY (JPY=X) turning bearish after decline

Japanese Yen: USD/JPY (JPY=X) turning bearish after decline

Japanese Yen: USD/JPY (JPY=X) turning bearish after decline USD/JPY has rolled over and eaten into the gains made earlier in the week. Having faltered at ¥109.00, we now need to watch to see if the current move higher off the ¥107.80 level fails to recover ¥109.00. If it does bounce and then turn lower, we have […]

Japanese Yen: USD/JPY (JPY=X) seems likely that the overall market focus will remain to the downside

Japanese Yen: USD/JPY (JPY=X) seems likely that the overall market focus will remain to the downside

Japanese Yen: USD/JPY (JPY=X) seems likely that the overall market focus will remain to the downside USD/JPY has still failed to recapture the levels seen before it occurred. Unless and until Dollar bulls can make good at least that loss, then it seems likely that the overall market focus will remain to the downside. Last […]

Japanese Yen: USD/JPY (JPY=X) edges higher after recent slump

Japanese Yen: USD/JPY (JPY=X) edges higher after recent slump

Japanese Yen: USD/JPY (JPY=X) edges higher after recent slump After last week’s sudden drop, USD/JPY has been pushing slowly higher. Trendline support from the lows of 3 January has underpinned this move. A reversal back below ¥108.00 would mark a resumption of the downward move. On the upside, the next target is ¥109.60, then ¥109.85 and ¥110.00. […]

Japanese Yen: USD/JPY (JPY=X) nice selling opportunity in the next few days

Japanese Yen: USD/JPY (JPY=X) nice selling opportunity in the next few days

Japanese Yen: USD/JPY (JPY=X) nice selling opportunity in the next few days The Japanese yen is of course a safety currency, and with the US/China trade war issues out there it makes sense that the Japanese yen could be attractive to some traders. I think that the first couple of months of 2019 will continue […]

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

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

Japanese Yen: USD/JPY (JPY=X) rally could pick up steam The USD/JPY rally could pick up steam this week if it gets help from rising Treasury yields and increased appetite for risk. Powell was dovish in delivering his message that the Fed will be flexible with all of its monetary policy tools, including the important balance […]

Japanese Yen: USD/JPY (JPY=X) 2019 Outlook 125

Japanese Yen: USD/JPY (JPY=X) 2019 Outlook 125

Japanese Yen: USD/JPY (JPY=X) 2019 Outlook Overall, the bias in prices is: Upwards. The projected upper bound is: 129.61. The projected lower bound is: 100.81. The projected closing price is: 110.21. Candlesticks A big black candle occurred. This is bearish, as prices closed significantly lower than they opened. If the candle appears when prices are […]

Japanese Yen: USD/JPY (JPY=X) eased below the 111 mark

Japanese Yen: USD/JPY (JPY=X) eased below the 111 mark

Japanese Yen: USD/JPY (JPY=X) eased below the 111 mark Overall, the bias in prices is: Downwards. By the way, prices are vulnerable to a correction towards 112.17. The projected upper bound is: 112.15. The projected lower bound is: 109.61. The projected closing price is: 110.88. Candlesticks A black body occurred (because prices closed lower than […]

Japanese Yen: USD/JPY (JPY=X) continues to strengthen as short-sellers begin to pare positions

Japanese Yen: USD/JPY (JPY=X) continues to strengthen as short-sellers begin to pare positions

Japanese Yen: USD/JPY (JPY=X) continues to strengthen as short-sellers begin to pare positions The Dollar/Yen is posting a slight recovery early Wednesday, following a combined steep sell-off the first two sessions of the week. The price action indicates a slight divergence from the major U.S. stock indexes, which could be a sign of a possible […]

Japanese Yen: USD/JPY (JPY=X) hits fresh lows

Japanese Yen: USD/JPY (JPY=X) hits fresh lows

Japanese Yen: USD/JPY (JPY=X) hits fresh lows USD/JPY has broken below the ¥112.20 support area, and while a rebound from intraday oversold levels is possible, it looks like this will be another selling opportunity. Downside targets now lie at ¥111.40 and then the 200-day SMA at ¥110.87. Overall, the bias in prices is: Downwards. The projected […]

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

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

Japanese Yen: USD/JPY (JPY=X) hits trendline support USD/JPY has declined off the back of the 76.4% retracement, with a head and shoulders ultimately driving a decline in the pair towards the ¥112.23 swing low. That has also seen the descending trendline come into play, raising the possibility of a rebound from here. Much of it will […]

Japanese Yen: USD/JPY (JPY=X) finds support ahead of 112

Japanese Yen: USD/JPY (JPY=X) finds support ahead of 112

Japanese Yen: USD/JPY (JPY=X) finds support ahead of 112 Overall, the bias in prices is: Sideways The projected upper bound is: 113.71. The projected lower bound is: 111.47. The projected closing price is: 112.59. Candlesticks A black body occurred (because prices closed lower than they opened). During the past 10 bars, there have been 5 […]

Japanese Yen: USD/JPY (JPY=X) increased demand for risky assets

Japanese Yen: USD/JPY (JPY=X) increased demand for risky assets

Japanese Yen: USD/JPY (JPY=X) increased demand for risky assets The Dollar/Yen finished higher last with support coming from increased demand for risky assets and expectations of a Fed rate hike this week. The Forex pair did give up some of its gains late in the week as investors flocked into the safe-haven Japanese Yen. Last […]

Japanese Yen: USD/JPY (JPY=X) upside capped by fears of a global economic slowdown

Japanese Yen: USD/JPY (JPY=X) upside capped by fears of a global economic slowdown

Japanese Yen: USD/JPY (JPY=X) upside capped by fears of a global economic slowdown The Dollar/Yen closed lower on Friday as extreme weakness in the global equity markets encouraged investors to seek shelter in the safe-haven Japanese Yen. Sellers hit the equity markets hard early in the session following the release of weaker-than-expected retail sales and […]

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 […]

1 2 3