USDJPY

US Open Preview – Euro holds at 13-month lows despite Turkish central bank measures; Chinese industrial production in focus

Posted on August 13, 2018 at 11:55 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index was little changed on Monday (+0.07%), while dollar/yen headed lower by 0.50%, completing a six-week low at 110.10 as political tensions between the US and Turkey enhanced interest for safer assets. Euro/dollar remained negative, last seen at 1.1385 (-0.23%) after it opened with a gap down today following Friday’s strong sell-off. The pair posted a 13-month trough as a slide in the Turkish lira sparked fears that Turkish borrowers could fail to submit loan payments [..]

European Open Preview – Yen advances as Turkish turmoil intensifies

Posted on August 13, 2018 at 8:03 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is practically unchanged on Monday, after touching its highest level in more than a year on Friday. The haven-perceived yen is the strongest among its peers today, benefiting from concerns over the situation in Turkey and its potential repercussions. The euro and sterling, meanwhile, are both on the back foot. As for the Turkish lira, it touched a new all-time low of 7.21 per dollar earlier today. [..]

Week Ahead – Pound looks to UK data to halt slide; US retail sales and Aussie jobs coming up too

Posted on August 10, 2018 at 12:51 pm GMT

Economic releases will heat up in the coming week with monthly data on inflation, employment and retail sales certain to keep some traders busy as many head off for their summer holidays. Central bank meetings will take a backseat, though the week will not be totally absent of policy announcements as the Norges Bank meets to decide on rates. Australian employment in focus for the aussie The Australian dollar hit its lowest since January 2017 of 0.7278 this past week, [..]

US Open Preview – Euro struggles at 1-year lows amid political noise; US CPI inflation next in focus

Posted on August 10, 2018 at 11:32 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index, which measures the dollar’s strength against a basket of six major currencies, headed higher by 0.55% on Friday, while dollar/yen fell by 0.08% below the 111.00 handle as demand for safe havens and upbeat Japanese flash Q2 GDP growth figures provided support to the yen. The euro dropped to the weakest level in a year, probably on the ECB’s concerns that the plunge in the Turkish lira could expose Eurozone [..]

European Open Preview – Dollar demand an unstoppable force; US inflation & UK GDP on the agenda

Posted on August 10, 2018 at 8:05 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is higher by 0.63% on Friday, extending the significant gains it posted in the previous session and touching a new 13-month high. The euro and the pound are the main underperformers, both posting fresh multi-month lows against the greenback. The yen, meanwhile, remains firm amid risk-off tones. In EM, dollar/lira briefly broke above the 6.000 handle, with the pair being up by nearly 7.0% earlier in the [..]

US Open Preview – Dollar holds moderate gains versus yen before Japan’s flash GDP growth release

Posted on August 9, 2018 at 11:37 am GMT

Here are the latest developments in global markets: FOREX: Sterling managed to rebound against the US dollar on Thursday, after it touched its lowest level in almost a year (+0.08%) on the back of growing worries of a no-deal Brexit, while euro/pound fell by 0.15%, dropping back below the 11-month high it posted earlier and the 0.90 handle. The rise in the pound occurred after a report stated that EU members are considering a Brexit deal that would allow the UK to remain in the single market for goods. [..]

Dollar awaits US inflation data for direction – Forex News Preview

Posted on August 9, 2018 at 9:34 am GMT

The US will release its Consumer Price Index (CPI) data for July on Friday, at 1230 GMT. Forecasts point to another mild, energy-driven acceleration in consumer prices. While such prints could prove positive for the dollar on the margin, for the currency to clearly resume its uptrend, it may require an upside surprise in inflation that stokes expectations for two more Fed hikes this year. The Fed provided few fresh signals when it kept interest rates unchanged last week, upgrading [..]

Japan’s economy to return to growth in Q2 as BoJ keeps monetary taps on – Forex News Preview

Posted on August 9, 2018 at 9:08 am GMT

The Japanese economy will be under the spotlight on Friday as Japan’s Cabinet Office publishes data on second quarter GDP growth at 8:50 local time (Thursday, 23:50 GMT). A negative first quarter had put an end to a stretch of eight consecutive quarters of expansion. However, growth is expected to rebound in the second quarter as business and consumer spending pick up. Growth floundered in the first three months of the year as poor winter weather and a spike in [..]

European Open Preview – Kiwi plummets on dovish RBNZ; US PPI and US-Japan trade meeting on the horizon

Posted on August 9, 2018 at 7:35 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is marginally higher on Thursday, after posting some relatively small losses (-0.13%) in the previous session. Meanwhile, the kiwi collapsed overnight, falling by nearly 1.4% against the dollar, after the RBNZ pushed further back the anticipated timing of its first planned rate increase and reiterated that a rate cut remains on the table. The British pound struggled as well, touching fresh multi-month lows against its major peers as speculation [..]

Technical Analysis – USDJPY dives below medium-term rising trend line; negative mode in progress

Posted on August 9, 2018 at 6:29 am GMT

USDJPY edged sharply lower over Wednesday’s session as it penetrated the medium-term ascending trend line to the downside. Also, the price successfully dropped below the simple moving averages and the 23.6% Fibonacci retracement level of the upleg from 104.60 to 113.16, around 111.13. The technical indicators confirm the bearish retracement mode in the price action. Looking at the daily timeframe, the stochastic oscillator plummeted near the oversold zone, while the RSI indicator is flattening below the threshold of 50. Moreover, the MACD [..]

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