All Articles Tagged - USDJPY

Daily Market Comment – Oil prices go ballistic as Ukraine crisis deepens

Posted on March 2, 2022 at 9:59 am GMT

Oil prices go parabolic, climb almost 20% this week as sanctions bite Dollar and yen advance, gold shines, yields crumble, stocks retreat Coming up – Ukraine peace talks, Powell testifies, OPEC and BoC meet Energy market in turmoil The war in Ukraine has unleashed havoc on financial markets, with some of the most liquid securities on earth trading like penny stocks lately as nervous traders scramble to either hedge their risk exposure or liquidate assets. Oil prices are the perfect [..]

Technical Analysis – USDJPY stays within bullish triangle; outlook fragile

Posted on March 2, 2022 at 8:22 am GMT

USDJPY is setting another foothold marginally below the 115.00 round level and near the supportive trendline, which now looks to be part of an ascending triangle pattern with an upper boundary at 116.33. This type of triangle is usually a bullish formation that anticipates an upside breakout, but for that to happen the price will first need to close above the nearby constraining 20-day simple moving average (SMA) at 115.24 and then gear sustainably above the 115.50 tough resistance. Such an action would immediately bring the crucial ceiling [..]

US Open Note – Ukraine negotiations fail, and Putin intensifies attacks

Posted on March 1, 2022 at 2:18 pm GMT

Risk-off mood returns, US ISM manufacturing ahead It seems the next few weeks will be pivotal for volatility as Russia declared it would continue its attacks until its goals were met. The retreat in US stock futures is signalling a risk-off mood, and the USD/JPY pair is also expressing some risk-off tendencies, slipping to 114.80. That said, the dollar index is holding above the 97.00 mark and should risk appetite continue to wane, it appears the way up for the [..]

Daily Market Comment – Stock markets recover amid bets for slower Fed hikes

Posted on March 1, 2022 at 9:49 am GMT

Traders bet Ukraine conflict will slow central bank tightening Bond yields retreat, breathing life back into tech stocks FX market caught between different forces, oil prices keep rising Risky trades bounce back The talks about a ceasefire in Ukraine concluded without an agreement yesterday and the bombardment of major cities unfortunately seems to have intensified. Russian authorities tried to fight the crippling economic sanctions by doubling interest rates to 20% and introducing capital controls, but the rouble still imploded and [..]

Technical Analysis – USDJPY rangebound after advance pauses; bias remains bullish

Posted on February 28, 2022 at 8:23 am GMT

USDJPY has been trending downwards in the short term after the price peaked at the five-year high of 116.33. However, in the last few four-hour sessions the pair has merely bounced back since it managed to find its feet at the 114.40 region. The short-term oscillators reflect that near-term risks are tilted to the upside. The MACD histogram is found both above zero and its red signal line, while the RSI is hovering in the positive territory. Moreover, the price [..]

US Open Note – Hopes for dialogue on Ukraine restore some risk appetite

Posted on February 25, 2022 at 2:33 pm GMT

Hopes for dialogue improve market sentiment After a devastating week, Russian-Ukrainian military clashes showed no signs of de-escalation on Friday, making an invasion of Kyiv inevitable in the coming days. Even though nothing is certain at this point, the fact that Ukraine’s Western allies prefer to play the sanction game with Moscow instead of sending NATO forces, is feeding some hopes that the worst-case scenario of a broader full-scale war could be prevented, especially if Ukraine president’s requests for dialogue [..]

Week Ahead – NFP report, BoC meeting, Eurozone inflation might detract from Ukraine turmoil

Posted on February 25, 2022 at 2:00 pm GMT

With a full-blown conflict in Ukraine now underway, there will be plenty of distractions for the markets in the upcoming week in the form of the latest jobs report out of the United States, Eurozone inflation numbers and a policy meeting by the Bank of Canada. Australian and Canadian GDP figures will be on investors’ radar too, while the scheduled monthly gathering of OPEC and non-OPEC countries could make for an awkward gathering amid international anger at key partner Russia’s [..]

Technical Analysis – USDJPY back above MAs after Russian attacks on Ukraine

Posted on February 24, 2022 at 4:03 pm GMT

USDJPY is trying to conquer the Ichimoku cloud’s upper band after positive impetus amplified at the 114.40 level, due to developments in Ukraine. The horizontal longer-term 100- and 200-period simple moving averages (SMA), and the conflicting 50-period SMA are not indicating a clear trend. At the moment, the Ichimoku lines are not transmitting convincing messages about bullish driving forces, while the short-term oscillators look skewed to the upside. The MACD is improving above its red signal line and is nearing [..]

US Open Note – Stocks sink and commodities surge as Russia invades Ukraine

Posted on February 24, 2022 at 2:04 pm GMT

Russia attacks Ukraine; investors flee to safe havens The Russian President Vladimir Putin has ordered a full-scale invasion of Ukraine earlier today, moving troops and bombing several military targets across the country. According to Moscow, the move aims to demilitarize Ukraine, blaming the US and its allies for breaching a ‘red line’ by trying to further expand NATO eastwards in an attempt to pressure and blackmail Russia. Western powers have condemned the military assault, vowing to impose harsh economic sanctions. [..]

Daily Market Comment – Stocks crash, oil surges as Russia attacks Ukraine

Posted on February 24, 2022 at 10:14 am GMT

Markets in turmoil after Putin launches military assault on Ukraine Stocks tank, rouble plummets, while gold, oil and gas futures jump Dollar, yen and franc only gainers in FX sphere Fears of full-scale invasion as Ukraine crisis deepens Traders in Europe and around the world woke up to a dark day on Thursday after Russia’s latest actions confirmed the West’s worst fears about Ukraine. Russian President Vladimir Putin has ordered a “special military operation”, targeting military infrastructure in the east [..]

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