USDJPY

US Open Preview – Sterling largely consolidates massive losses with PM May’s leadership on tightrope

Posted on November 16, 2018 at 12:29 pm GMT

Here are the latest developments in global markets: FOREX: The dollar was slightly up versus a basket of currencies, with the closely watched British currency being broadly higher. Still, the pound mostly consolidated Thursday’s sharp losses on the back of the Brexit drama that unfolded, and which still appears to have room to run. One exception was the yen, which came on the receiving end of safe-haven flows and thus the pound was unable to advance against it – pound/yen [..]

European Open Preview – Brexit turmoil spooks sterling; Sino-US trade developments eyed

Posted on November 16, 2018 at 8:51 am GMT

Here are the latest developments in global markets: FOREX: The British pound plunged on Thursday after the UK Brexit Secretary quit in protest of the Brexit deal, and amid growing speculation PM May could soon face a leadership challenge. Meanwhile, the commodity-linked currencies – aussie, kiwi, and loonie – all gained ground on the back of a report that the US will pause its next round of tariffs on China. The dollar was little changed, unable to draw much strength from [..]

European Open Preview – Sterling stays volatile as UK Cabinet approves deal; US & UK retail sales due

Posted on November 15, 2018 at 8:50 am GMT

Here are the latest developments in global markets: FOREX: The dollar index is little changed on Thursday (+0.07%), after posting some modest losses in the previous session. The British pound traded in a particularly volatile manner amid Brexit headlines, with the UK Cabinet giving its endorsement to the Brexit deal. Meanwhile, the aussie is the best performing currency among the majors today, following upbeat employment data out of Australia overnight. STOCKS: US markets remained under selling pressure on Wednesday, with financials underperforming [..]

Technical Analysis – USDJPY shows weakness but bias still positive

Posted on November 15, 2018 at 7:51 am GMT

USDJPY got rejected from the 114 area after touching the 114.20 mark early this week, with the pair reversing part of its recent rebound in the following days. The red Tenkan-sen line, however, is still above the blue Kijun-sen line and has started to point to the upside again, while the RSI looks to be changing direction north as well, both hinting further improvement for the market. Yet the latter is not far below its 70 overbought threshold and the MACD continues to [..]

US Open Preview – Pound awaits Cabinet Brexit meeting; Powell’s speech in focus

Posted on November 14, 2018 at 12:40 pm GMT

Here are the latest developments in global markets: FOREX: Questions about whether the UK Parliament would ever accept the draft divorce deal approved by the UK and the EU on Tuesday derailed investors’ mindset early in the European session, and ahead of a Cabinet meeting later today. While forecasts are for the Cabinet to accept the agreement, investors think that the Parliament will vote against it, especially if the deal involves an extension of the transition period beyond 2020. Pound/dollar slid to 1.29 before [..]

European Open Preview – Pound soars on Brexit deal, eyes PM May’s cabinet meeting and inflation data

Posted on November 14, 2018 at 8:50 am GMT

Here are the latest developments in global markets: FOREX: The dollar index is lower by 0.2% on Wednesday, extending its losses from the previous session, which came mostly due to a recovery in the pound and euro. Sterling in particular soared after the EU and UK were reported to have reached a Brexit deal. Elsewhere, the loonie touched a fresh four-month low versus the dollar amid collapsing oil prices. STOCKS: The Dow Jones (-0.40%) and the S&P 500 (-0.15%) closed slightly lower [..]

US CPI, retail sales next to move the dollar – Forex News Preview

Posted on November 13, 2018 at 5:18 pm GMT

As the Fed prepares to deliver its fourth rate hike of the year in December, key data on consumer prices and retail sales coming up might offer some clues on the Bank’s rate normalization path in 2019. At 1330 GMT on Wednesday, the Bureau of Economic Analysis is expected to show that October’s headline Consumer Price Index bounced up to 2.5% year-on-year after slowing down in the past two months, from 2.9% in July to 2.3% in September. The core equivalent, however, which excludes volatile items is estimated at 2.2% y/y, the same as [..]

US Open Preview – Euro slightly up before Italy’s budget deadline; Oil in the red

Posted on November 13, 2018 at 12:36 pm GMT

Here are the latest developments in global markets: FOREX: Three-month average earnings including bonuses grew by 3.0% y/y in September in the UK, while the ex-bonus measure jumped by 3.2% y/y versus 3.1% expected. The pound, though, showed little reaction to the data as the unemployment rate inched up by 0.1 percentage points to 4.1%. Still, pound/dollar managed to spike to 1.2961 before a pullback to 1.2944 (+0.86%) after government sources supported that a Brexit deal is closer now than [..]

European Open Preview – Dollar, yen bolstered amid risk aversion; UK employment data coming up

Posted on November 13, 2018 at 8:47 am GMT

Here are the latest developments in global markets: FOREX: The dollar is flat against a basket of six major currencies on Tuesday, holding on to the sizeable gains it recorded in the previous session, when it touched a fresh 17-month high. The yen was the second-best performer to start the week, behind the dollar, amid broad-based risk aversion in markets that fueled demand for defensive assets. Meanwhile, the euro underperformed even the pound, with euro/sterling increasingly becoming a function of which [..]

Japan’s economy forecast to contract in Q3; risk flows will drive yen – Forex News Preview

Posted on November 12, 2018 at 4:06 pm GMT

The Japanese economy contracted in Q3, data released on Tuesday at 2350 GMT are forecast to show, with most of the weakness being attributed to natural disasters. Overall, such GDP figures would endorse the BoJ’s reluctance to consider an exit from its gargantuan stimulus program, and hence are unlikely to impact the yen much, which may instead continue to respond more to shifts in risk sentiment. Japan’s economy is forecast to have shrunk by 0.3% on a quarterly basis in [..]

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