USDJPY

European Open Preview – Yen holds firm as markets await BoJ; German inflation due

Posted on July 30, 2018 at 7:39 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is practically flat on Monday after posting some modest losses in the previous session, failing to capitalize on a strong US GDP print for Q2. Meanwhile, the yen advanced on Friday, as markets positioned for the BoJ’s policy decision, scheduled for the Asian trading session on Tuesday. STOCKS: Wall Street posted considerable losses on Friday, as soft earnings releases took the wind out of the sails of major indices. The tech-heavy Nasdaq Composite fell [..]

BoJ unlikely to deliver fireworks for now, yen bulls at risk – Forex News Preview

Posted on July 27, 2018 at 1:14 pm GMT

The Bank of Japan (BoJ) will announce its monetary policy decision during the Asian trading session on Tuesday. The yen has gained lately on speculation the Bank may alter its policy in a more hawkish direction. That said, the BoJ still seems somewhat unlikely to adjust its policy for now, with core inflation remaining miles away from its target. This renders the yen vulnerable to a downside correction should Kuroda & Co disappoint those looking for a hawkish twist. Back [..]

Week Ahead – BoJ, Fed, BoE policy decisions awaited; Eurozone GDP and US jobs report also in focus

Posted on July 27, 2018 at 1:11 pm GMT

It’s going to be a big week for central banks as the Federal Reserve, the Bank of Japan and the Bank of England hold policy meetings in the next seven days. Economic data will also be at the forefront with plenty of major releases, including the US jobs report and the first look at Eurozone growth in the second quarter. However, as has been the case in recent weeks, the underlying market sentiment may be determined by US trade policy [..]

US Open Preview – Dollar modestly higher ahead of much-awaited US GDP report; European stocks in the green

Posted on July 27, 2018 at 10:39 am GMT

Here are the latest developments in global markets: FOREX: The dollar’s index against a basket of six major currencies was trading higher – though by less than 0.2% – building on Thursday’s notable rise. Dollar/yen was little changed ahead of the US report on Q2 GDP and with market participants eagerly awaiting to see whether the Bank of Japan will indeed tweak its policy framework when it completes its meeting on monetary policy on Tuesday. Euro/dollar was 0.1% down, extending [..]

European Open Preview – Euro drops on ECB optionality; US Q2 GDP on the radar

Posted on July 27, 2018 at 7:37 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 – was practically unchanged on Friday, after it posted considerable gains in the previous session. The surge came as the currency with the heaviest weight in that index by far – the euro – tumbled following the ECB policy meeting. STOCKS: US markets closed mixed yesterday, as an 18.96% plunge in Facebook’s share dragged down the tech-heavy [..]

US Open Preview – ECB meeting front and center; yen bulls return

Posted on July 26, 2018 at 11:00 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was down by 0.08% on Thursday, extending the losses it posted in the previous session following the meeting between European Commission President Jean-Claude Juncker and US President Donald Trump. The two agreed to lower industrial tariffs and increase US natural gas and soybean exports to Europe. Also, they decided to harmonize regulatory standards to allow for medical devices to have better access in Europe. Dollar/yen is one of the [..]

European Open Preview – Stocks rally on US-EU accord; all eyes on ECB

Posted on July 26, 2018 at 7:43 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 down by 0.27% on Thursday, extending the notable losses it posted in the previous session as trade tensions faded. The euro is little changed as traders await the main event of the day; the ECB policy meeting. The yen, meanwhile, is up across the board today amid continued speculation for a hawkish tilt by [..]

Technical Analysis – USDJPY seems to be in progress for further bearish pressure; stands below uptrend line

Posted on July 26, 2018 at 6:53 am GMT

USDJPY has been underperforming in the past six days following the pullback on the six-month high of 113.16, achieved last Thursday. The prices seem to be in a negative correction mode as it dived below the 20- and 40-simple moving averages (SMAs) in the daily timeframe, suggesting bearish pressure. The short-term technical indicators are bearish and point to more weakness in the market. Having a look at the momentum indicators, the RSI is moving south below the threshold of 50 and [..]

Dollar turns its gaze to US durable goods and GDP data – Forex News Preview

Posted on July 25, 2018 at 2:55 pm GMT

The latter part of this week promises to be exciting for the dollar, as US durable goods orders for June will hit the markets on Thursday, and the first look at GDP for Q2 is released on Friday, both at 1230 GMT. Forecasts point to robust figures, particularly for economic growth, which could enhance speculation for two more Fed rate hikes this year and potentially provide another lift to the dollar. US durable goods orders are expected to have risen [..]

US Open Preview – Trade tensions in focus as Juncker meets Trump

Posted on July 25, 2018 at 11:11 am GMT

Here are the latest developments in global markets: FOREX: The greenback and the single European currency barely moved on Wednesday before a meeting between US President Donald Trump and European Commission President Jean-Claude Juncker. The talks come after the US imposed tariffs on EU steel and aluminum and Trump’s recent threats to extend those measures to EU-made cars. Dollar/yen continued the bearish movement and slipped by 0.05% near 111.14, while euro/dollar jumped slightly above 1.1700 (+0.08%). The US dollar index dropped by 0.13% [..]

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