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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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 […]