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 […]

Japanese Yen: USD/JPY (JPY=X) short-term bullish momentum

Japanese Yen: USD/JPY (JPY=X) short-term bullish momentum

Japanese Yen: USD/JPY (JPY=X) short-term bullish momentum Japan should be careful about recent remarks by U.S. President Donald Trump on currencies and might need to convince Washington its monetary easing is not aimed at weakening the yen but beating deflation, a finance ministry official said on Saturday. Although the price made a new 6-month high last week, it […]

Japanese Yen: USD/JPY (JPY=X) Rally Revives

Japanese Yen: USD/JPY (JPY=X) Rally Revives

Japanese Yen: USD/JPY (JPY=X) Rally Revives Dollar bulls are taking charge of USD/JPY once again this morning, pushing the price back to the highs of the week. The USD/JPY made a bearish bounce after reaching the -27.2% Fibonacci target at 113.23 and price is now challenging the support trend line (green). A new bullish breakout could indicate […]

Japanese Yen: USD/JPY (JPY=X) Target 115.65

Japanese Yen: USD/JPY (JPY=X) Target 115.65

Japanese Yen: USD/JPY (JPY=X) Target 115.65 An increase in Japan’s appetite for risk assets overseas is having an outsized impact closer to home – on the traditional safe haven status of the yen. Accelerating demand for foreign equities by Japanese investors is one factor behind the unexpected slide in the nation’s currency, down more than […]

Japanese Yen: USD/JPY (JPY=X) Appreciation is Risk

Japanese Yen: USD/JPY (JPY=X) Appreciation is Risk

Japanese Yen: USD/JPY (JPY=X) Appreciation is Risk The market’s value orientation is a challenge without a clear growth catalyst. Yen appreciation is another risk. Positives include shareholder-friendly corporate behavior, solid company earnings and support from Bank of Japan stock buying. The dollar rose to 112.41 yen from 112.30 yen late Monday. After Mon.’s balance on […]

Japanese Yen: USD/JPY (JPY=X) difficult time setting its next short-term direction

Japanese Yen: USD/JPY (JPY=X) difficult time setting its next short-term direction

Japanese Yen: USD/JPY (JPY=X) difficult time setting its next short-term direction  The USD/JPY pair is having a difficult time setting its next short-term direction on Monday amid a subdued trading action surrounding the FX markets. After advancing to mid-112 during the first half of the day, the USD/JPY pair lacked a follow-through as this move […]

Japanese Yen: USD/JPY (JPY=X) correcting lower, but still bullish

Japanese Yen: USD/JPY (JPY=X) correcting lower, but still bullish

Japanese Yen: USD/JPY (JPY=X) correcting lower, but still bullish The USD/JPY pair peaked at 112.79 at the end of the week, its highest since last January, before easing partially to end Friday at 112.32. Friday’s decline was moderated when compared to previous weekly gains, as the pair held firmly above the 112.00 figure. The positive […]

Japanese Yen: USD/JPY (JPY=X) stays close to daily highs around 112.50

Japanese Yen: USD/JPY (JPY=X) stays close to daily highs around 112.50

Japanese Yen: USD/JPY (JPY=X) stays close to daily highs around 112.50 The pair trades in fresh 6-month tops around 112.50/60. The greenback remains bid although failed near 95.00. US 10-year yields stay sidelined around 2.86%/2.875. The selling pressure around the Japanese yen remains well and sound so far this week and has now lifted USD/JPY […]

Japanese Yen: USD/JPY (JPY=X) Stopped-out of USD/JPY short

Japanese Yen: USD/JPY (JPY=X) Stopped-out of USD/JPY short

Japanese Yen: USD/JPY (JPY=X) Stopped-out of USD/JPY short USD/JPY is right at the tip of a tightening ascending wedge, implicating it is very near making a sizable breakout. Standing right at the end of the pattern is a well-defined (clean connecting points) trend-line extending down from 2015. The pattern implies a breakout to the upside […]

Japanese Yen: USD/JPY (JPY=X) Extra Gains Appear Unlikely

Japanese Yen: USD/JPY (JPY=X) Extra Gains Appear Unlikely

Japanese Yen: USD/JPY (JPY=X) Extra Gains Appear Unlikely 24-hour view: “USD traded sideways between 110.35 and 110.78 last Friday, slightly narrower than our expected 110.30/110.80 consolidation range. The outlook remains mixed and further sideway trading seems likely. That said, the underlying tone has weakened somewhat and this could lead to a lower trading range of 110.20/110.70”. […]

USD/JPY (JPY=X) Trade worries dent stocks, yuan steadies

USD/JPY (JPY=X) Trade worries dent stocks, yuan steadies

USD/JPY (JPY=X) Trade worries dent stocks, yuan steadies USD/JPY is quiet during the North American holiday session. Some ECB members site the end of 2019 too late for a rate hike. USD/JPY is quiet during the North American holiday session, having entered the shift flat at 110.50, continuing the bullish reversal towards 110.60. However, there […]

USD/JPY (JPY=X) weakens as risk appetite improves ahead of U.S. holiday

USD/JPY (JPY=X) weakens as risk appetite improves ahead of U.S. holiday

USD/JPY (JPY=X) weakens as risk appetite improves ahead of U.S. holiday • Struggles to build on early uptick amid a modest USD retracement. • Flattening of the US yield curve/trade tensions weighs on the buck. The USD/JPY pair continued with its struggle to sustain/build on the momentum beyond the 111.00 handle and has now retreated […]

USD/JPY (JPY=X) share of reserves retreats from 15-year peak

USD/JPY (JPY=X) share of reserves retreats from 15-year peak

USD/JPY (JPY=X) share of reserves retreats from 15-year peak The U.S. dollar’s share of currency reserves reported to the International Monetary Fund fell in first quarter of 2018 to a fresh four-year low, while euro, yuan and sterling’s shares of reserves increased, according to the latest data from the International Monetary Fund. The share of […]

USD/JPY (JPY=X) risk appetite improves

USD/JPY (JPY=X) risk appetite improves

USD/JPY (JPY=X) risk appetite improves The U.S. dollar rose against the yen on Thursday, as an absence of any fresh escalation in trade-related tensions between the United States and its major trading partners capped demand for the Japanese currency. The yen tends to benefit during geopolitical or financial stress as Japan is the world’s biggest creditor […]

USD/JPY (JPY=X) slips as risk appetite improves

USD/JPY (JPY=X) slips as risk appetite improves

USD/JPY (JPY=X) slips as risk appetite improves The U.S. dollar rallied against most currencies on Wednesday, including against traditional safe-havens like the Swiss franc and Japanese yen, after a moderation in the U.S. administration’s approach to Chinese investment. The dollar was up 0.15 percent against the yen at 110.21 yen, and advanced 0.64 percent against […]

USD/JPY (JPY=X) BOJ’s Amamiya: Will check in July factors behind soft inflation

USD/JPY (JPY=X) BOJ’s Amamiya: Will check in July factors behind soft inflation

USD/JPY (JPY=X) BOJ’s Amamiya: Will check in July factors behind soft inflation Bank of Japan Deputy Governor Masayoshi Amamiya said the central bank will look into why inflation remains stubbornly low at its next rate review in July, the Asahi newspaper reported on Wednesday. “We’ll scrutinise factors that are preventing inflation from accelerating. We’ll look […]

USD/JPY (JPY=X) Dollar slips vs yen as trade tensions weigh

USD/JPY (JPY=X) Dollar slips vs yen as trade tensions weigh

USD/JPY (JPY=X) Dollar slips vs yen as trade tensions weigh Yen benefits as risk sentiment suffers Commodity-linked currencies slip as oil rally runs out of steam The dollar fell to a fresh two-week low against the Japanese yen on Monday, as worries about escalating trade tensions between the United States and other leading economies hurt […]

USD/JPY (JPY=X) forming a symmetrical triangle on hourly charts

USD/JPY (JPY=X) forming a symmetrical triangle on hourly charts

USD/JPY (JPY=X) forming a symmetrical triangle on hourly charts •  The pair has been oscillating between two converging trend-lines, forming a symmetrical triangle on the 1-hourly chart. •  Currently placed at 100-hour SMA pivot-point, subsequent up-move could get extended back towards the triangle resistance. •  Alternatively, a rejection slide would increase the pair’s vulnerability to head […]

USD/JPY (JPY=X) attempts to break through resistance at 110.605

USD/JPY (JPY=X) attempts to break through resistance at 110.605

USD/JPY (JPY=X) attempts to break through resistance at 110.605 The US dollar against the Yen has progressed to the upside since breaking above110.250 resistance during the Asian trades in yesterday’s session. The US dollar managed to push through to 110.604 resistance during the European session, but now it’s under pressure trying to breakthrough 110.604. The next target […]

USD/JPY (JPY=X) still deep in the red below 110.00 mark

USD/JPY (JPY=X) still deep in the red below 110.00 mark

USD/JPY (JPY=X) still deep in the red below 110.00 mark USD/JPY’s break of 109.91 minor support suggests that corrective rebound from 108.10 has completed at 110.89 already. Intraday bias is turned back to the downside for 108.10 support and possibly below. Fall from 110.89 is seen as the third leg of consolidation pattern from 111.39. […]

USD/JPY (JPY=X) Downside Limited In USD/JPY Say Swissquote Analysts

USD/JPY (JPY=X) Downside Limited In USD/JPY Say Swissquote Analysts

USD/JPY (JPY=X) Downside Limited In USD/JPY Say Swissquote Analysts Stocks were sharply lower on Friday after the US administration announced tariffs of some $50 billion on Chinese exports in what appears to be quite steep escalation in the “trade war” between the two countries. Given the reaction in stocks, the haven Japanese Yen was surprisingly […]

USD/JPY (JPY=X) bulls hesitate, but don’t give up ahead of BOJ

USD/JPY (JPY=X) bulls hesitate, but don’t give up ahead of BOJ

USD/JPY (JPY=X) bulls hesitate, but don’t give up ahead of BOJ USD benefited from solid local data but also from an ultra-dovish ECB. BOJ expected to maintain the status quo after reducing again its bond-buying. The USD/JPY pair has trimmed its Wednesday losses entering positive territory mid-US session, after bottoming at 109.91. The recovery was […]

USD/JPY (JPY=X) capped at 110.80/90 post FOMC as being the descending channel’s resistance line

USD/JPY (JPY=X) capped at 110.80/90 post FOMC as being the descending channel’s resistance line

USD/JPY (JPY=X) capped at 110.80/90 post FOMC as being the descending channel’s resistance line On paper a hawkish Fed should be bullish for the USD/JPY. Rising interest rates should widen the spread between U.S. Government Bonds and Japanese Government Bonds, making the U.S. Dollar a more attractive investment. The Dollar/Yen reached its highest level since […]

USD/JPY (JPY=X) Heffx Technical Outlook

USD/JPY (JPY=X) Heffx Technical Outlook

USD/JPY (JPY=X) Heffx Technical Outlook Overall, the bias in prices is: Sideways. The projected upper bound is: 110.33. The projected lower bound is: 107.38. The projected closing price is: 108.86. Candlesticks A white body occurred (because prices closed higher than they opened). During the past 10 bars, there have been 8 white candles and 2 […]

USD/JPY (JPY=X) Daily Chart Consolidating

USD/JPY (JPY=X) Daily Chart Consolidating

USD/JPY (JPY=X) Daily Chart Consolidating Overall, the bias in prices is: Downwards.   The projected upper bound is: 108.64. The projected lower bound is: 105.66. The projected closing price is: 107.15. Candlesticks A black body occurred (because prices closed lower than they opened). During the past 10 bars, there have been 4 white candles and […]

USD/JPY (JPY=X) Japanese Yen Consolidating

USD/JPY (JPY=X) Japanese Yen Consolidating

USD/JPY (JPY=X) Japanese Yen Consolidating Overall, the bias in prices is: Sideways. Short term: Prices are stalling. Intermediate term: Prices are ranging. The projected upper bound is: 108.79. The projected lower bound is: 105.66. The projected closing price is: 107.22. Candlesticks A black body occurred (because prices closed lower than they opened). During the past […]

USD/JPY (JPY=X) Heffx Technicals

USD/JPY (JPY=X) Heffx Technicals

USD/JPY (JPY=X) Heffx Technicals Overall, the bias in prices is: Downwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the downside. By the way, prices are vulnerable to a correction towards 110.13. The projected upper bound is: 108.54. The projected lower bound is: 105.69. The […]

USD/JPY (JPY=X) Consolidating

USD/JPY (JPY=X) Consolidating

USD/JPY (JPY=X) Consolidating Overall, the bias in prices is: Downwards. Short term: Prices are moving. Intermediate term: Prices are ranging. By the way, prices are vulnerable to a correction towards 112.21. The projected upper bound is: 111.77. The projected lower bound is: 109.17. The projected closing price is: 110.47. Candlesticks A white body occurred (because […]