USDJPY

European Open Preview – Pound soars after BoE; OPEC meeting and key data eyed

Posted on June 22, 2018 at 7:45 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index – which tracks the greenback’s performance against a basket of six major currencies – is lower on Friday, though by less than 0.1%. The index closed lower on Thursday, after touching its best levels in 11 months. In the UK, the pound soared after the BoE kept rates unchanged, but adopted a more hawkish tone, stoking expectations for a rate increase at the August meeting. STOCKS: US markets closed lower on Thursday, amid [..]

Japanese inflation to confirm Bank of Japan remains long way from policy normalization – Forex News Preview

Posted on June 21, 2018 at 2:08 pm GMT

Japanese inflation data for May are scheduled for release on Thursday at 2330 GMT. Overall, the numbers are expected to confirm that the Bank of Japan remains far off from its inflation target. Consequently, further monetary policy divergence between the Japanese and US central banks is to be anticipated moving forward, something which favors a stronger dollar/yen pair. Thursday’s figures out of Japan are projected to show headline inflation as gauged by the consumer price index (CPI) falling to 0.3% [..]

US Open Preview – Pound posts fresh lows ahead of BoE rate decision; oil tumbles

Posted on June 21, 2018 at 10:57 am GMT

Here are the latest developments in global markets: FOREX: Dollar/yen lacked direction for a third day, moving sideways around 110.40 (+0.05%), while the dollar index hit a fresh 11-month high at 95.52 (%?), advancing on the back of a weaker euro and pound. Earlier in the day, US 10-year government bond yields had spiked to a 1-week high of 2.95% but they soon returned to 2.91%. Euro/dollar was in pain as trade uncertainties remained in the air, while in Italy, Eurosceptic Alberto Bagnai, was appointed as the [..]

European Open Preview – Dollar reaches new heights; Bank of England at the center of attention

Posted on June 21, 2018 at 7:44 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is 0.3% higher on Thursday, touching a fresh high for 2018. Safe-haven currencies such as the yen and the Swiss franc are on the back foot, down by nearly 0.3% and 0.2% respectively against the greenback as trade concerns have moved to the background for now. Commodity-linked currencies like the loonie, aussie, kiwi, are also on the retreat, with the first two trading at one-year lows versus the dollar. [..]

Technical Analysis – USDJPY regains some ground after surpassing 200-day SMA

Posted on June 21, 2018 at 6:39 am GMT

USDJPY has struggled in a narrow range over the last few daily sessions with upper boundary the 110.85 resistance level and lower boundary the 38.2% Fibonacci retracement level of the downleg from 118.60 to 104.60, around 109.95. The price is set to complete the second bullish day in a row after the bullish crossover within the 20- and 40-simple moving averages (SMAs) in the daily timeframe. From the technical point of view, the technical indicators are endorsing the scenario for further upside [..]

Special Report – Only “Trump risk” left to lift the yen

Posted on June 20, 2018 at 2:33 pm GMT

The yen appreciated by 3.9% versus the US currency in 2017, which marked the worst year for the greenback since 2003. During the first few months of the current year, the Japanese currency managed to build on last year’s positive momentum, in part due to rising market expectations for a Bank of Japan that is getting closer to normalizing policy. Indicatively, the dollar/yen pair touched its lowest since late 2016 of 104.55 on March 26. However, as we’re approaching the [..]

US Open Preview – Sterling ticks down to fresh 7-month lows ahead of Parliamentary vote

Posted on June 20, 2018 at 11:57 am GMT

Here are the latest developments in global markets: FOREX: In the absence of key data releases, the dollar was trading flat against the safe-haven yen at 110.04 , while the dollar index was also steady at 95.07 as investors were eagerly waiting to see how the tit-for-tat game between China and the US will evolve. The euro continued to struggle for the second day, changing hands lower at 1.1557 (-0.26%), with the European Commission giving its final approval for tariffs to be imposed on imported US goods worth [..]

European Open Preview – Asian stocks gain as risk sentiment recovers; House of Commons votes on Brexit amendments

Posted on June 20, 2018 at 7:51 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is lower on Wednesday, though by less than 0.1%, giving back some of the gains it posted in the previous session as the currency with the most weight in the index – the euro – tumbled. The haven-perceived yen is also on the retreat, paring some of the gains it posted yesterday. STOCKS: Wall Street closed lower on Tuesday, amid fears over an escalating US-China trade spat and [..]

US Open Preview – Euro slips again as dovish Draghi reiterates conditional QE end

Posted on June 19, 2018 at 11:47 am GMT

Here are the latest developments in global markets: FOREX: During the early European afternoon, the dollar was pushing hard to recover losses made on the face of rising trade uncertainties as the US President was looking to impose additional trade tariffs on China, with dollar/yen inching up to 109.87 but remaining down on the day (-0.67%). The dollar index, though, which tracks the strength of the greenback against six major currencies managed to jump to an 11-month high of 95.26 (+0.47%) [..]

European Open Preview – Yen bulls return as trade frictions intensify; ECB Forum gathers attention

Posted on June 19, 2018 at 7:49 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index – which tracks the greenback’s performance against a basket of six major currencies – is lower on Tuesday, though by less than 0.1%. Meanwhile, the Japanese yen is 0.8% higher against the dollar and nearly 1.0% stronger versus the euro, as signs of further escalation in trade tensions between the world’s two largest economies are diverting flows into safe-haven assets. STOCKS: US markets closed mostly lower on Monday, amid [..]

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