Category: USDJPY
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TA of the Day: Will USD/JPY Bounce After Sharp Sell-Off?
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There was a significant decrease in USD/JPY Today after the release of weaker-than-expected US CPI data Will USD/JPY bounce back after this sharp sell-off? you welcome in Teaching Assistant for Today (Tauted)! Here is the 4-hour chart: USD/JPY 24/7 Chart by TradingView Using the technical analysis concepts we covered in…
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USDJPY Technical Analysis – The bullish bias remains intact
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Basic Overview The US dollar fell broadly last Friday after the release of the weak US non-farm payrolls report. The data showed further slowdown in the labor market with the unemployment rate rising and wage growth declining. Basically we have an economy that is slowing but still growing. The market…
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Kickstart the FX trading day for July 5 w/a technical look at the EURUSD, USDJPY & GBPUSD
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In this July 5, 2024 Forex Market Opening Video, I take a technical look at the three major currency pairs – EURUSD, USDJPY, and GBPUSD. Today, the US jobs report was mixed, with nonfarm payrolls in June coming in above expectations, but revisions for the previous two months offsetting those…
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Chart Art: Major Correction Brewing on USD/JPY?
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Are we finally seeing signs of a pullback in the USD/JPY rally? The pair retreated after reaching a ceiling at the key psychological level of 162.00 and looks ready to drop to nearby Fibonacci retracement levels. This is the correction area I am watching on the 4-hour chart. USD/JPY currency…
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Japanese yen fragile as USDJPY nears 162; intervention in focus By Investing.com
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The Japanese yen held near its weakest level in 38 years on Thursday, with the currency’s recent slide and low liquidity during a U.S. market holiday raising fresh speculation about government intervention. The yen, which measures the number of yen needed to buy one dollar, was down 0.1% at 161.50…
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ForexLive European FX news wrap: USD/JPY tentative above 160 mark
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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 additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…
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Japanese yen weakens, USDJPY hits 38-year high despite intervention fears By Investing.com
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Investing.com — The Japanese yen fell further on Thursday, with the USD/JPY pair rising to its highest points in 38 years while surpassing previous levels that traders believed would attract Japanese government intervention. The yen pair, which measures the number of yen needed to buy one dollar, rose to 160.81…
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ForexLive European FX news wrap: USD/JPY trades up to highest since 1990
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Titles: Markets: The Australian dollar advances, and the New Zealand dollar lags during the day European stocks fall; S&P 500 futures fell 0.1% US 10-year bond yields rose 4.9 basis points to 4.286%. Gold fell 0.3 percent to $2,310.84 West Texas Intermediate crude rose 0.7% to $81.38. Bitcoin fell 0.9%…
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USDJPY Technical Analysis – The market is testing the intervention level again
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Basic overview The US dollar continues to get support from good economic data as we recently saw from the US PMIs last Friday and the US Consumer Confidence report yesterday. Such data keeps interest rate expectations stable around two cuts by the end of the year and supports risk sentiment…
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USD/JPY in the spotlight as yen-tervention is in focus
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USD/JPY daily chart This may be a quieter start to the new week, but this is the week to watch as events can speed up. After the intervention in late April, the spotlight is now back on Japanese officials. Will they intervene at 160.00 again? Or will they lower the…
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Japanese yen fragile, USDJPY nears 160 amid intervention talk By Investing.com
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Investing.com — The Japanese yen was fragile on Monday, with the USD/JPY pair approaching key intervention levels even as government officials repeated warnings that they would intervene to support the currency. The pair, which measures the number of yen needed to buy one dollar, rose slightly on Monday to 159.93…
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Kickstart the FX trading day for June 21 w/a technical look at the EURUSD, USDJPY & GBPUSD
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In the June 21 kickoff video, I look at the three major currency pairs from a technical perspective and explain what the bias is, what the risks are, and what the objectives are for each. EURUSD corrected higher to test a 61.8% retracement of the up move from the April…
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USDJPY moves back above 159.000 after the stronger S&P global PMI data
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USDJPY rose back to the upside and returned above the 159.00 level after stronger-than-expected flash data for the S&P Global Manufacturing and Services Index. The high price was traded up to 159.206. This brings it to 100 points below the 2024 high of 160.208. The highest level was back in…
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USD/JPY is on the highway to the danger zone
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USD/JPY bulls are playing with fire. The pair rose for the seventh straight day after the surprisingly strong US Services Purchasing Managers’ Index (PMI) was released. A reading of 55.1 is the highest level in 26 months and well above the consensus of 53.7. The report sparked widespread US dollar…
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An updated technical look at USDJPY heading into to the weekend and the new trading week
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USDJPY corrected higher since the beginning of the American session, and faced resistance above the 157.40 and 157.464 levels. Buyers turned into sellers against the level. From now on, the swing zone will be nearby resistance not only today but in the new trading week. If it breaks, traders will…
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‘We believe 160 is toppish for USD/JPY’: UBS By Investing.com
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UBS sees a potential shift in the currency pair’s trajectory. Analysts at UBS suggest that the Japanese yen, which has been suffering significant weakness, may be on its way to reversing. These expectations are based on the growing concerns of Japanese policymakers and companies about the negative effects of the…
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USDJPY Technical Analysis – The uptrend remains intact
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Basic overview Last week we saw the USD/JPY pair fall following the US CPI report as the market shrugged off interest rate hike fears and consolidated the Fed hike for longer. The next day, the Japanese Yen started to lose strength again, as not only does the interest rate differential…
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USDJPY moves back to 100/200 hour MAs
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USDJPY fell sharply in the Asian session after breaking below the swing zone at 154.778 and 154.878. The decline saw the price move to and through another target area near 153.99 (we call it 154.00). The low price extended down to 153.595 before starting its bounce back higher. This bounce…
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Kickstart the FX trading day for April 10 w/a look at the EURUSD, USDJPY and GBPUSD.
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In this April 10 introductory video, I take a look at three of the major currency pairs from a technical perspective – EUR/USD, USD/JPY, and GBP/USD. In this report, I also take a quick look at the USD/CAD pair after a stronger than expected April jobs report showed a gain…