Category: USDJPY
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USD/JPY outlook heading into elections
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Investing.com – The pair has seen volatile trading lately, and Citigroup is discussing its potential moves as Japan and the US host elections in the near future. At 09:00 EST (13:00 GMT), USD/JPY was trading down 0.1% at 148.09 yen, after trading at a two-month high of 149.12 yen at…
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Looking ahead in the forex with a technical look at EURUSD, USDJPY and GBPUSD for Oct 7
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The week is off and running. What technical levels are there for the three major currency pairs for this trading day/week? In this video, I outline and explain where traders should focus not only today, but also as the week progresses. Euro against the US dollar: EURUSD fell sharply last…
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ForexLive Asia-Pacific FX news wrap: USD/JPY above 149, then verbal intervention and drop
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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USD/JPY nears 149.00 as ten-year yields near 4%. Watch both
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US 10-year returns daily Treasuries appear to want to test 4%. Going back a few weeks, the 3.6% level was a recession trade, but with the US economy looking stronger now, it is safer to price the federal funds floor at 3% or 3.50%. Add in some terms a premium…
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USD/JPY nears 149.00 as ten-year yields near 4%. Watch both
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US 10-year returns daily Treasuries appear to want to test 4%. Going back a few weeks, the 3.6% level was a recession trade, but with the US economy looking stronger now, it is safer to price the federal funds floor at 3% or 3.50%. Add in some terms a premium…
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USDJPY breaks higher this week and extends above the 38.2% of move down from July 3 high
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As the week comes to a close, USDJPY is trading near intraday and week highs. Today’s move higher after the unexpected US jobs report was able to lift the price above the ceiling of the key swing area around the 147.33 level and also above the 38.2% retracement of the…
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USD/JPY gains, but Ishiba tones down hawkish bias By Investing.com
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Investing.com – The recent nomination of new Japanese Prime Minister Shigeru Ichib has sent the yen higher, but UBS is skeptical that his appointment will significantly change the speed of the yen’s rise. At 05:00 EST (09:00 GMT), it was trading 0.1% higher at 143.81 yen, after falling to 142.09…
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USDJPY Technical Analysis – Eyes on the US data this week
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Basic overview The US dollar got a little support yesterday as Fed Chair Powell reiterated that 50 basis points easing by the end of the year remains the base case. The market probability of a 50 basis point Fed cut in November fell from 51% to 40%. Moreover, the Bank…
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USD/JPY higher to open the week – update after weekend news and Monday data
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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The USD is lower on PCE data. What are the technicals telling us in EURUSD, USDJPY &GBPUSD
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US PCE data was below expectations and helped push the US dollar lower. For EURUSD, the price moved above the swing zone between 1.1181 and 1.11897. Next targets are at 1.1200 and this week’s high at 1.12130. Passing these levels will make traders target the 61.8% retracement of the downward…
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Citi shares its USD/JPY price forecast for 2025 By Investing.com
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Investing.com – Citi has updated its Q3 2020 outlook, providing insights into the pair’s medium- and long-term trajectory. The bank’s strategists assert that the recent decline in the yen’s value is largely driven by a backward-looking narrative linked to Japan’s digital account deficit. However, they point out that this narrative…
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USDJPY moves closer to the rising 100 hour MA
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The USD/JPY currency pair saw its share of ups and downs in today’s trading. In the New York session, the high reached the resistance level at 144.58. This level represents 50% of the pair’s trading range from the January 2023 low (see chart above). The Asian session high reached 144.45,…
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USDJPY rotating back to the downside after extension to a new high stalls
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In the morning video, I talked about the 50% midpoint of the move up from the January 2023 low at 144.581. The price has been trading above and below this level over the past two months, but this week’s rally has returned to the level, giving traders a choice: Based…
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USD/JPY moves above 143.00 | Forexlive
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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USDJPY moves back above the 100 hour MA at 141.07
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The USD/JPY pair announced its rise after all and retreated from the low recorded last Wednesday at 140.71 but stopped before the low recorded in December 2023 at 140.248. The low reached 140.43. With the price back above the 100-hour moving average at 141.07, it keeps buyers in the game.…
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USDJPY Technical Analysis – The USD stays under pressure on a larger cut chance
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Basic Overview Last Thursday, The Wall Street Journal’s Timiraos published an article that seemed to suggest that a 50 basis point cut was still under discussion. The market responded by raising the odds of a 50 basis point cut to about 40% from 13% before the news. Nick Timeraos is…
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Kickstart the FX trading day for Sept 13 w/a technical look at the EURUSD, USDJPY & GBPUSD
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In the opening video, for September 13, 2024, I take a look at three other major currency pairs – EURUSD, USJDPY, and GBPUSD. For the EUR/USD pair, it moved into a swing zone between 1.10976 and 1.11042 and found willing sellers. This area will be a major resistance level today…
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Kickstart the FX trading day for Sept 13 w/a technical look at the EURUSD, USDJPY & GBPUSD
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In the opening video, for September 13, 2024, I take a look at three other major currency pairs – EURUSD, USJDPY, and GBPUSD. For the EUR/USD pair, it moved into a swing zone between 1.10976 and 1.11042 and found willing sellers. This area will be a major resistance level today…