USDJPY

Yen’s path versus dollar defies recovery trend, may cause headache for policymakers – Special Report

Posted on November 20, 2020 at 1:41 pm GMT

The Japanese yen has been on a steady downtrend against most of its major peers since March when it exploded higher during the virus-induced financial turmoil. Although only the euro and the Australian dollar have managed to erase their year-to-date losses, the gap for the remaining currencies isn’t too great. The pound is down about 3.5% and the Canadian dollar still needs to recoup around 4.5%. So the US dollar’s decline of a similar amount to the loonie’s doesn’t come [..]

Daily Market Comment – Virus surge overshadows vaccine progress, dollar ticks up

Posted on November 19, 2020 at 10:01 am GMT

Wall Street wobbles as restrictions tighten across the United States Dollar firms across the board amid growing fears of a winter health crisis EU budget row, Brexit angst sap euro and pound Markets subdued as virus surge shows no sign of easing Vaccine optimism struggled to sustain the positive risk sentiment as investors found it hard to ignore the ever-worrying headlines about exploding infection and hospitalization rates in Europe and America. The death toll in the United States from COVID-19 [..]

Daily Market Comment – Growth worries dent vaccine optimism but can’t stem dollar slide

Posted on November 18, 2020 at 9:50 am GMT

Stocks mostly negative after disappointing US retail sales underline near-term risks Surge in US virus cases and fresh outbreaks in Japan, Australia unnerve markets Cautious tone unable to lift dollar as slump in Treasury yields weighs Kiwi outperforms again, pound is close behind amid hopes of a Brexit breakthrough Renewed growth jitters put brakes on vaccine rally The vaccine euphoria suffered a knockback after stalling retail sales numbers out of the United States yesterday highlighted the short-term challenges policymakers still [..]

Technical Analysis – USDJPY’s compass points south guided by 100-day SMA

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

USDJPY is descending, having already logged four downward red candles in previous sessions, after retreating from the upper Bollinger band and 100-day simple moving average (SMA). The pair’s return underneath the 50-day SMA and the mid-Bollinger band are being endorsed by the dominant bearish tone of the SMAs and the restrictive trend line, drawn from the 111.71 top. The short-term oscillators are mirroring the negative price action, backing the bearish structure below the downward sloping trend line. The MACD, in [..]

Daily Market Comment – Vaccine rally eases but optimism prevails

Posted on November 17, 2020 at 9:47 am GMT

Vaccine hopes keep risk assets supported even as more US states clamp down Dow closes in on 30,000 as growth-to-value rotation accelerates Dollar steadier, euro shrugs off EU budget crisis, pound holds out for Brexit deal Oil moderates ahead of OPEC+ meeting as bleak short-term outlook curbs advances Moderna adds to vaccine euphoria The fight against the pandemic took another major step forward on Monday after Moderna became the latest pharmaceutical company to announce a vaccine for COVID-19. Moderna’s vaccine, [..]

Daily Market Comment – Vaccine optimism, upbeat data push stocks to new highs, dollar retreats

Posted on November 16, 2020 at 9:51 am GMT

Week gets off to positive start as vaccine, strong recovery and Biden victory drive optimism Global stocks surge as S&P 500 sets fresh record high, dollar extends slide Pound holds steady as Brexit talks enter critical phase Markets buoyed by vaccine progress and upbeat Asian data Rapid progress in the race for a COVID-19 vaccine more than offset the deepening gloom of the present virus reality as the latest wave shows no sign of waning. Expectations that last week’s breakthrough [..]

Technical Analysis – USDJPY eases below SMAs; negative in short- and long-terms

Posted on November 16, 2020 at 8:06 am GMT

USDJPY is heading south after the pullback on the 105.65 resistance on November 11, sending the pair beneath the 20- and 40-period simple moving averages (SMAs). The red Tenkan-sen line dropped below the blue Kijun-sen line, suggesting more losses, while the momentum indicators are currently confirm the bearish structure. The RSI is pointing down in the negative territory, while the MACD declined below the trigger and zero lines in the short-term. Immediate support could come from the lower surface of [..]

Week Ahead – Plenty of data but Covid, Trump and Brexit might steal the spotlight

Posted on November 13, 2020 at 1:40 pm GMT

After the US election and vaccine frenzy, economic data will move to the forefront in the coming week, with inflation and retail sales comprising the bulk of the releases. However, investors might be wrong to assume that the election and virus storms are over as Trump steps up his legal fight to overturn Joe Biden’s projected win and as several states in America head towards new lockdowns. If all that fails to produce enough drama, there is always Brexit waiting [..]

Japanese preliminary Q3 GDP may raise fresh concerns about recovery – Forex News Preview

Posted on November 12, 2020 at 3:50 pm GMT

Japanese GDP preliminary numbers for Q3 2020 are coming up during the early Asian session on Sunday at 23:50 GMT. Japan’s economy likely rebounded in the third quarter as global demand picked up, but the effects of the Covid-19 crisis persisted, and it could take some time for output to return to pre-pandemic levels. Despite this week’s slide, the Japanese yen has been rising over the last seven months against the US dollar, while stronger figures may drive the market even higher. An expansion is predicted after the record shrink The Japanese gross domestic product [..]

Daily Market Comment – Vaccine euphoria runs out of steam, Fed chief speaks

Posted on November 12, 2020 at 12:42 pm GMT

Markets in a cautious mood as lockdown reality eclipses vaccine hype Stocks pull back, dollar climbs, but moves rather small in size Main event today: Discussion panel featuring Fed, ECB, and BoE chiefs ECB sticking to its guns about more stimulus, will Fed follow suit? Back to reality for markets A sense of caution has crept back into global markets on Thursday as investors grapple with the short-term covid reality on the ground, which has reined in the enthusiasm around [..]

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