Tag: USD/JPY

March 30, 2023

The Japanese Yen slid lower overnight with the US Dollar gaining against most currencies, but it was more pronounced against the Yen. USD/JPY made a high of 132.89 going into the New York close, which was just shy of last […]

March 8, 2023

The US dollar looks set to gain further against some of its peers on relative outperformance of the US economy and monetary policy edge. In his semi-annual testimony to lawmakers, US Federal Reserve Chair Jerome Powell stepped up hawkishness, saying […]

February 21, 2023

Short-term downward momentum in the Japanese yen remains intact ahead of Friday’s US core PCE price index data. Recent strong US data have triggered a dramatic repricing higher in Fed rate expectations and the market will be watching for cues […]

February 14, 2023

The Euro may remain vulnerable to the US Dollar from a technical standpoint. That is because last week, EUR/USD continued to make downside progress after clearing under a Bearish Rising Wedge chart formation. Immediate support is the 23.6% Fibonacci retracement […]

February 8, 2023

The Australian Dollar is attempting to make a comeback against the US Dollar. AUD/USD broke under a bearish Rising Wedge chart formation on Monday. 24 hours later, the pair turned higher and left behind a Bullish Engulfing candlestick pattern. This […]

February 6, 2023

The US Dollar continues to fight back after a blistering jobs report on Friday showed that the Fed might have more heavy lifting ahead to rein in inflationary pressures. The ramifications of the massive beat of US total nonfarm payrolls […]

January 19, 2023

US Dollar bears have continued to punch and yesterday brought another fresh seven-month low into the mix after the release of PPI data earlier in the session. US data continues to slowdown, and this brings questions around the Fed’s rate […]

January 17, 2023

The Japanese Yen slipped lower today ahead of the Bank of Japan’s monetary policy decision tomorrow. The Nikkei 225 equity index found higher ground with the central bank decision appearing to be in the balance after a perceived tightening at […]

January 10, 2023

The US Dollar is testing a major spot of support… again. Coming into the year the USD had held the lows right around the same price that had come into play a couple of weeks prior, just after a CPI […]

January 5, 2023

The Japanese Yen clawed back prior session losses against the US Dollar today, as did crude oil. Currency and commodity markets have started the year with a volatility breakout, with many markets whipsawing in the opening stanza of 2023. USD/JPY […]

January 3, 2023

The Japanese Yen has continued to strengthen today with USD/JPY dipping below 130 for the first time since June last year. The Bank of Japan’s pivot on policy in December has led to speculation of further potential tightening in 2023. […]

December 22, 2022

The US Dollar is lower through the Asian session after making some gains overnight. USD/JPY is eyeing off the 4-month low of 130.57 seen on Tuesday after the Bank of Japan modified its yield curve control (YCC) program. EUR/USD is […]

December 20, 2022

The BoJ today left its policy rate unchanged at -0.1% but changed the rates at which the central bank can buy Japanese Government debt (JGBs). The prior band of -0.25% to +0.25% around zero was widened to -0.50% to +0.50%, […]

December 19, 2022

The Japanese Yen galloped higher in illiquid trading conditions early Monday morning on news of a possible shift in monetary policy objectives for the Bank of Japan (BoJ). USD/JPY dipped to 135.79 to start the week after closing at 136.60 […]

December 15, 2022

Despite a somewhat hawkish tone from Chair Powell during the opening remarks of today’s rate decision, the US Dollar was unable to hold on to an earlier bounce that began after the release of the statement. The Greenback has since […]

November 21, 2022

USD/JPY TECHNICAL ANALYSIS USD/JPY has moved down into the Ichimoku Cloud and a break under it could signal an end to the bullish run. This may indicate a possible bearish trend unfolding. Support could be at the previous lows of […]

November 16, 2022

USD/JPY FUNDAMENTAL BACKDROP USD/JPY dropped lower Tuesday during the US session as a softer US PPI print for October saw the dollar face renewed selling pressure. The pair bounced from lows around 137.60 before rallying in Asian trade to a […]

November 1, 2022

The Japanese Yen saw some modest gains in Tuesday’s trade in a market clearly settling down to hear what the United States Federal Reserve will do and, perhaps as importantly, say, at the end of its midweek meeting Wednesday. The […]

October 17, 2022

The Japanese Yen is languishing near 32-year lows seen last Friday as the market weighs up the prospect of the Bank of Japan (BoJ) intervening again. It is almost a month since Japanese authorities sold USD/JPY to provide some price […]

October 12, 2022

When I last looked at the US Dollar on Thursday, the currency was setting up for yet another bullish breakout, showing an ascending triangle pattern with resistance at a familiar spot. That breakout has continued to run and we even […]