USDJPY

European Open Preview – Pound rebounds as May takes over Brexit; Juncker-Trump meet

Posted on July 25, 2018 at 7:45 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is fractionally lower on Wednesday (-0.04%), after posting some marginal losses in the previous session as well. Pound/dollar is up by 0.16%, looking set to extend the gains it posted yesterday after UK PM May announced she will be taking over the Brexit negotiations personally. STOCKS: Wall Street closed mixed on Tuesday. While the Dow Jones (+0.79%) and the S&P 500 advanced (+0.48%), the tech-heavy Nasdaq Composite gave back some notable gains [..]

US Open Preview – Dollar eases ahead of US Markit PMIs

Posted on July 24, 2018 at 11:11 am GMT

Here are the latest developments in global markets: FOREX: The US dollar is showing modest losses versus most currencies. The greenback continued to weaken against the Japanese yen on Tuesday, as dollar/yen fell by 0.15%, approaching the 111.00 psychological level. The US dollar index fell marginally by 0.04%, giving back the gains that it had posted earlier in the day. Preliminary PMI survey data indicated that the eurozone economy lost momentum in July. The IHS Markit composite PMI fell to 54.3 from [..]

European Open Preview – Yen grinds higher amid BoJ speculation; eurozone PMIs in the spotlight

Posted on July 24, 2018 at 7:50 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index advanced higher on Monday, recovering some of its Trump-induced losses as a solid rise in US bond yields increased the currency’s appeal. Heightened expectations for a very strong US GDP print for Q2, due out on Friday, may have supported the move. The yen also grinded higher, as speculation continued to mount that the Bank of Japan may alter its policy in a more hawkish direction as soon as at [..]

European Open Preview – Dollar drops on Trump comments; yen rallies on safe-haven demand, possible BOJ moves

Posted on July 23, 2018 at 11:47 am GMT

Here are the latest developments in global markets: FOREX: The US dollar continued to find itself under pressure following the comments by President Trump criticizing the Fed’s rate hike plan and also characterizing the dollar as too strong and other countries as currency manipulators. The yen posted impressive gains because on the one hand there was some risk-off sentiment and on the other hand there were rumors that the Bank of Japan was thinking how to modify its monetary stimulus program [..]

US Open Preview – Euro trades flat ahead of Eurozone consumer confidence index

Posted on July 23, 2018 at 11:44 am GMT

Here are the latest developments in global markets: FOREX: The US dollar edged sharply lower over the last three straight days against the Japanese yen as the movements were based on reports the Bank of Japan (BOJ) is discussing changes to its monetary policy, including changes in interest rates and stock buying techniques. The 10-year yield in Japan climbed as much as six basis points to 0.090%, hitting the highest level since February. Dollar/yen continued the bearish move today as well, losing 0.25%. However, the US dollar index [..]

US Open Preview – Dollar reacts little on fresh trade threats; Canadian CPI & retail sales pending

Posted on July 20, 2018 at 11:34 am GMT

Here are the latest developments in global markets: FOREX: The US dollar was trading lower against the Japanese yen on Friday, though by not much, at 112.40 (-0.07%) remaining below the 1-year high of 113.15 reached on Thursday as investors kept in mind Trump’s criticism made on Thursday about higher US interest rates and a stronger dollar. Renewed US trade warnings against China today did little to move the pair (see below). The dollar index against a basket of currencies moved down by 0.05% after the bounce off the 1-year [..]

US Open Preview – Sterling plunges to fresh 10-month lows after UK retail sales disappoint

Posted on July 19, 2018 at 11:36 am GMT

Here are the latest developments in global markets: FOREX: Sterling tumbled by 0.69% against the greenback on Thursday, hitting a fresh 10-month low of 1.2970 in the wake of worse-than-expected retail sales figures out of the UK. Month-on-month retail sales dropped 0.5% in June from 1.4% in May, missing market expectations of a 0.2% gain. On a yearly basis, the index increased 2.9% versus 3.7% expected and May’s mark of 4.1%. Yet, the report revealed that quarter-on-quarter retail sales growth was [..]

European Open Preview – US dollar off highs on profit-taking; UK retail sales to be watched for rate clues

Posted on July 19, 2018 at 8:07 am GMT

Here are the latest developments in global markets: FOREX: The US dollar was off the previous day’s multi-month highs versus its major counterparts on profit-taking, although it was holding firm on the back of optimism from the Federal Reserve Chair Jerome Powell about the prospects of the US economy. The dollar looked set to retest these highs as it was receiving support from what was becoming the main scenario of two more rate hikes in the remainder of 2018. On the [..]

Technical Analysis – USDJPY forms doji candle after 6-month high; indicators imply strong bullish ride

Posted on July 19, 2018 at 6:42 am GMT

USDJPY penetrated the downward sloping channel to the upside during the preceding week, implying that a sharp bullish movement is coming. However, over Wednesday’s session, the price posted a bearish doji candle after it hit a six-month high of 113.12, giving the possibility for a downward correction in the near term. The short-term technical indicators are endorsing the scenario for a rising movement. In the daily timeframe, the RSI indicator is holding within the overbought zone but has been flattening over the past few sessions, [..]

US Open Preview – Pound touches 10-month low after UK inflation misses forecasts; dollar unlocks fresh highs

Posted on July 18, 2018 at 11:52 am GMT

Here are the latest developments in global markets: FOREX: The US dollar extended its bullish rally against the Japanese yen towards a fresh 6-month high of 113.13, adding 0.08% to its performance on Wednesday. Markets reacted positively after the Fed Chair, Jerome Powell, gave a bullish assessment of the US economy, reducing their exposure to safer assets such as the yen. Also, the US dollar index gained 0.33% and surpassed the 95.00 handle. Sterling plummeted to 10-month lows (-0.61%) today, pausing at 1.3000 after the UK’s [..]

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