Category: USDJPY
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ForexLive Asia-Pacific FX news wrap: USD/JPY popped back above 147.00
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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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Kickstart the FX trading day for Aug. 9 w/a technical look at the EURUSD, USDJPY & GBPUSD
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In the opening video for August 9, I take a look at three major currency pairs, EURUSD, USDJPY, and GBPUSD from a technical perspective. For the EUR/USD pair, the pair is trading up and down during today’s trading, but has found resistance from sellers against its 100-hour moving average at…
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In a sense, nothing happened in USD/JPY this week
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USD/JPY Weekly What is in the 19 point movement? This is the overall change in the USD/JPY pair on the weekly chart. Of course, this doesn’t tell the whole story, not even close. The pair has collapsed after hitting a 34-year high last month, and was down more than 20…
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Yen shorts largely cleared; sell USD/JPY on rallies above 147
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Investing.com – The majority of short selling in the yen is likely to be liquidated quickly, according to UBS, which should reduce future volatility. The carry trade on the yen has been a major factor behind much of the market volatility recently, as the Bank of Japan’s decision to raise…
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USD/JPY can fall even further
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Investing.com stock has fallen sharply over the past four weeks, and Citi Research sees the pair as vulnerable to further selling over time. At 08:55 ET (12:55 GMT), the USD/JPY pair was up 1.8% at 146.88 yen, with the pair rebounding after Bank of Japan officials earlier on Wednesday downplayed…
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USD/JPY tumble continues in drop below 144.00 mark
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USD/JPY Daily Chart The pair has just hit a fresh low for the day at 143.55, threatening a drop of over 2% today alone. This comes as traders are desperate to escape to safety as markets have entered full-blown panic mode. Equity markets have been hammered with the Nikkei down…
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USD/JPY sinks more than 2 full cents after non-farm payrolls
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The USD/JPY pair fell by 217 pips on the day to reach 147.22. The dollar fell to 147.03 in the wake of the nonfarm payrolls report, compared with 149.00 just before the data was released. It is the lowest level since March and erases a big rally in the pair…
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USDJPY Technical Analysis – The pair bounced on the key 152.00 support
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Basic Overview The US dollar has been steadily rising against most major currencies over the past two weeks, although the catalyst behind the move has been unclear. One good argument is that most of the moves we have seen over the past 10 days have been driven by debt relief…
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Kickstart the FX trading day for July 26 w/a technical look at the EURUSD, USDJPY & GBPUSD
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In the opening video for July 26, 2024, I take a look at three other major currency pairs from a technical perspective – EURUSD, USDJPY, and GBPUSD. The EUR/USD pair has been trading up and down for the past three days. In favor of the buyers, the low today has…
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USD/JPY volatility stays in focus after the bounce yesterday
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USD/JPY Daily Chart Yesterday’s low was touched at 151.93 and this was similar to the May low before it recovered. The decline failed to test the 200-day moving average (blue line), which we currently see at 151.58. But the sellers are still in control as the price has already dropped…
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Citi sees potential for USD/JPY tactical longs amid strong US GDP data By Investing.com
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Citigroup highlighted the key support level for the Japanese yen against the US dollar, noting that the pair maintained its position above the 152 level. This level was previously identified as an important resistance point throughout 2022 and early 2023, and served as a crucial breakout area in 2024. Additionally,…
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USD/JPY implied volatility surges to its highest since the first week of May
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Implied volatility is a component of the options pricing model. In short, the expected annual movement in an asset (USD/JPY in this case), adjusted for the expiration period. A higher IV means higher priced options (more expensive to secure “protection” via options). Volatility has increased due to the significant appreciation…
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ForexLive Asia-Pacific FX news wrap: USD and JPY gained ground (USD/JPY lower)
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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 touches 100-hour MA target at 157.16, time for sellers to act
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In the introductory video, I explained how if the USD/JPY pair continues to move higher, the 100-hour moving average needs to hold resistance. Looking at the price action on Friday and again today, the highs and lows ignored the moving average line. With today’s decline, more selling momentum was found.…
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Kickstart the FX trading day for July 19 w/a technical look at the EURUSD, USDJPY & GBPUSD
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In my opening video on July 19, I took a look at the three major currency pairs – EURUSD, USDJPY, and GBPUSD. The EUR/USD pair fell, continuing the decline it started yesterday, and in the process tested its rising 200-hour moving average at 1.08794. This moving average will serve as…
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USD/JPY stays in focus as the swings continue
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USD/JPY Daily Chart The pair fell by about 1.3% yesterday, the biggest drop since Japan intervened in the market last Thursday. Before that, we have to look back to the beginning of May when Japan intervened again at that time. This indicates the importance of yesterday’s drop. But this was…
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Japanese yen surges, USDJPY tumbles amid suspected intervention By Investing.com
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The Japanese yen rose sharply against the US dollar on Wednesday and Thursday, with the USD/JPY pair falling to its lowest level in more than a month amid speculation that the government has intervened in currency markets. The pair, which measures the number of yen needed to buy one dollar,…
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Some USD/JPY option expiries to be aware of for 10am NY time today
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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 Technical Analysis – The price is consolidating at a key trendline
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Basic Overview The US dollar fell last week after another weak US CPI report and positive jobless claims numbers. The market has not only fully priced in a September rate cut, but has also started to price in some chances of a back-to-back rate cut in November. Overall, we have…