USDJPY

Daily Market Comment – Markets lose altitude as virus fears escalate

Posted on June 25, 2020 at 10:59 am GMT

Reality bites stock markets as US virus spike accelerates, dollar recovers Threats of new US tariffs against EU and dire IMF forecasts not helping mood Fed balance sheet reduction may be playing a role too Daily virus numbers will continue to dictate sentiment Acceleration in infections hampers recovery prospects Risk aversion gripped global markets once again on Wednesday after several American states reported another worrisome spike in virus cases and hospitalizations, pouring cold water on the cheerful narrative of a [..]

After disappointing PMIs, core inflation and personal consumption next on dollar’s agenda – Forex News Preview

Posted on June 24, 2020 at 10:48 am GMT

The Fed’s favourite inflation index will hit the markets on Friday at 12:30 GMT along with personal consumption and income readings. The data could reflect a recovering appetite for consumption which could consequently give some room for improvement to the dollar. However, the gains could be modest as weakness in inflation may suggest more delays in reaching the central bank’s target. Still, upside pressures cannot be ruled out in the years ahead. Consumers start spending more, but inflation may remain [..]

Daily Market Comment – Gold flies to new highs, RBNZ talks kiwi down

Posted on June 24, 2020 at 8:53 am GMT

Dollar retreats after encouraging PMIs turbocharge euro Gold capitalizes on weaker dollar, reaches heights last seen in 2012 Stocks inch higher led by tech, despite US virus spike and rising bankruptcies RBNZ expresses discomfort with exchange rate, kiwi obliges Gold takes advantage of softer dollar Global markets continue to be torn between conflicting narratives, as signs that the world economy has entered the recovery stage – with a little help from a tsunami of stimulus – clash with a worrisome [..]

Technical Analysis – USDJPY in a slippery mode in trading range

Posted on June 24, 2020 at 7:38 am GMT

USDJPY has been in a consolidation mode over the last three months with an upper boundary at the 109.83 resistance level and lower boundary at the 106.57 support. The price has not improved its bullish move that started after the bounce off the 41-month low at 101.15 and it currently stands beneath the short-term moving averages (SMAs). Looking at the technical indicators, the RSI is losing momentum below the neutral threshold of 50, while the MACD dropped under the trigger and zero lines, [..]

Daily Market Comment – White House sends markets spinning, European PMIs bolster euro

Posted on June 23, 2020 at 10:30 am GMT

Conflicting statements from White House on China send currencies and stocks for a wild ride But markets back to square one as dust settles, still in a good mood overall Nasdaq closes at new record as US virus cases ease back down European PMIs show France back in expansion, boost euro Navarro channels his inner China hawk, then walks it back Global markets went for a wild ride overnight, after White House trade advisor Peter Navarro – probably the administration’s [..]

Daily Market Comment – Investors grapple with the virus blues

Posted on June 22, 2020 at 10:50 am GMT

Markets struggle for direction as second wave worries intensify WHO reports record increase in global cases, Apple re-closes some US stores Gold spikes higher but FX and stocks still not overly concerned Looking ahead, the battle between stimulus-fueled optimism vs second wave concerns will drive sentiment Emotional rollercoaster continues With the correlation between FX and stock markets going through the roof in recent months as the dollar reclaimed its safe-haven throne, risk sentiment has become the dominant force in the [..]

Technical Analysis – USDJPY maintains weak bias in near term; broader trend is negative

Posted on June 22, 2020 at 9:15 am GMT

USDJPY has been underperforming in the past few days, flirting with the mid-level of the Bollinger band, hovering around the 107.00 psychological mark. When looking at the last two weeks, the pair lacks a clear trend and has been consolidating after its bearish run from 109.85 stalled at 106.57. On the 4-hour chart, the RSI indicator is moving north in the negative territory, while the %K line of the stochastic oscillator created a bullish crossover with the %D line. The [..]

Daily Market Comment – Stocks drift, dollar holds firm amid growth, second wave worries

Posted on June 19, 2020 at 8:53 am GMT

Markets struggle for direction as persisting second wave fears weigh on sentiment US-China relations back in spotlight as Trump threatens to ‘decouple’ Pound steadier after hawkish surprise from BoE sends currency spinning lower Markets dogged by virus spike, recovery doubts Risk appetite is looking increasingly on borrowed time as stocks turn sideways, having lost momentum after last week’s sell-off. Global shares on Friday could only manage a tepid rebound from yesterday’s dip while gold headed higher amid ongoing worries about [..]

Daily Market Comment – Dollar firms, stocks slip as spike in virus cases begins to cause worry

Posted on June 18, 2020 at 8:50 am GMT

Risk appetite wanes as markets start to take second wave fears more seriously Surge in cases in Beijing and US drive up dollar demand, weigh on stocks Pound weaker ahead of BoE decision; aussie and kiwi stumble on poor data Risk rally on pause as second wave threatens recovery A worrying increase in the number of new COVID-19 cases in several locations around the world appears to have put the brakes on the risk rally that just a few days [..]

Daily Market Comment – Geopolitical tensions and virus spike dampen sentiment, but not much

Posted on June 17, 2020 at 8:51 am GMT

Rising regional tensions and a worrying increase in coronavirus cases weigh on risk assets But safe havens barely supported as growth optimism and drug hopes keep risk appetite alive Yen and gold slip, aussie bounces back from lows as stocks turn green Geopolitical tensions on the rise Clashes along the border between India and China as well as fresh provocations by North Korea over the last 24 hours raised fears of a serious flare up in regional conflicts amid a [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

How can we help?

Live Chat Terms