All Articles Tagged - USDJPY

Daily Market Comment – Ukraine tensions sink stocks, propel oil and gold higher

Posted on February 14, 2022 at 10:13 am GMT

Warnings of imminent Ukraine invasion send markets into a tailspin Stocks tank, dollar and yen advance, oil breaks higher, gold shines Meanwhile, speculation about emergency Fed action is running wild Ukraine crisis deepens Geopolitical tensions have returned to haunt financial markets. The US president called on all American citizens to leave Ukraine immediately on Friday, citing the threat of a Russian invasion that could begin at any moment. It is still unclear how much of this is political grandstanding as [..]

Will the battered yen cheer on positive GDP data? – Forex News Preview

Posted on February 11, 2022 at 1:47 pm GMT

After a negative quarter, Japan’s economy probably returned to the expansion area in the last three months of 2021, GDP data is expected to show on Monday at 23:50 GMT. While the news could put smiles on policymakers’ faces, the relief may only be temporary as the latest record pickup in covid infections has brought a gloomy start to the year. Besides, with the Bank of Japan (BoJ) being determined to stay out of the tightening camp, the stats could [..]

Week Ahead – Dollar defies hot inflation, turns to Fed minutes

Posted on February 11, 2022 at 12:59 pm GMT

Another scorching hot US inflation print has sent bond markets scrambling to price in aggressive Fed rate increases, but the dollar is trading like inflation has already peaked. Is this a turning point for the FX market? Next week’s Fed minutes and US retail sales could reveal whether the playbook has truly changed. Dollar not impressed Will the Fed pull the handbrake? That’s what the market is betting on after the latest acceleration in inflation. Six and a half rate [..]

Technical Analysis – USDJPY preserves bullish hopes near familiar resistance

Posted on February 9, 2022 at 8:25 am GMT

USDJPY revived its bullish momentum on Tuesday, but its efforts proved fruitless against the 115.50 border once again. The bulls, however, may not give up the battle. With the MACD growing above its zero and signal lines and the RSI fluctuating comfortably above its 50 neutral mark, although close to its previous resistance territory, there is scope for further progress in the market. The Ichimoku lines endorse this view, as the red Tenkan-sen is set to cross above the blue [..]

Daily Market Comment – Higher yields start to bite but stocks fight back, dollar edges up

Posted on February 8, 2022 at 10:32 am GMT

Bond yields climb to fresh highs as inflation and tighter policy fears grip markets Equities nevertheless perk up globally but Wall Street on shaky ground Dollar regains front foot, oil prices pressured by optimism around US-Iran talks Sentiment improves despite surging yields Long-term borrowing costs continued to head north on Tuesday, rising in just about every territory on growing expectations that no country will be spared from the greatest inflation shock the world has faced in decades. As central banks [..]

Technical Analysis – USDJPY breaks 115.00 but seems weak to remain above it

Posted on February 7, 2022 at 2:25 pm GMT

USDJPY is receding somewhat above the 115.00 round number and the 20- and 40-day simple moving averages (SMAs), remaining within an ascending channel in the medium-term. The technical indicators are reflecting the recent lackluster momentum, with the RSI ticking slightly lower and the MACD remaining near the zero level. Additionally, the Ichimoku lines support a downward move, as the red Tenkan-sen line remains below the blue Kijun-sen line. If the bears maintain control, immediate support could come from 113.40, above [..]

US Open Note – Market sentiment muted and dollar holds firm

Posted on February 7, 2022 at 2:19 pm GMT

Markets prepare for ECB’s Lagarde as calmer tone overshadows prior rollercoaster week Moving past the previous heavy week of data and central bank meetings, the current week looks to be much quieter. The market mood is suggesting that the right boxes are getting ticked for the Fed to move ahead with tightening and a rate hike in March, especially after the huge win in the US labour market, where the US jobs report improved by 467k, more than triple the [..]

Daily Market Comment – Markets steadier after NFP shock, but on alert for US CPI data

Posted on February 7, 2022 at 10:31 am GMT

Dollar’s NFP-led rebound eases but US inflation still to come ECB rate talk intensifies as euro eyes Lagarde testimony Stocks mixed as Amazon boost capped by soaring bond yields Dollar and yields settle down after NFP excitement Markets got off to a relatively calm start on Monday following a tumultuous end to last week on the back of the shockingly strong jobs report out of the United States. Nonfarm payrolls jumped by 467k in January, confounding both the most pessimistic [..]

Technical Analysis – USDJPY’s advance pauses as positive momentum cools off

Posted on February 7, 2022 at 8:33 am GMT

USDJPY has been marching higher in the short term, jumping impressively above both its 50- and 200-period simple moving averages (SMAs) after its recent decline ceased at the 114.15 level. However, the pair has been moving sideways in the last few four-hour sessions as positive momentum seems to be fading. The short-term oscillators suggest that bullish forces still hold the upper hand but selling pressure is arising. Specifically, the MACD histogram is found above both zero and its red signal line, while [..]

Weekly Comment – US inflation and GDP data from the UK in the spotlight

Posted on February 4, 2022 at 3:02 pm GMT

The European Central Bank made a hawkish shift after inflation in the monetary union surged to 5.1% in January. President Christine Lagarde refused to rule out interest rate hikes for 2022, bolstering the euro. In the upcoming week, US inflation and preliminary GDP data from the UK will take center stage, together with speeches from the governors of the BoE and BoC. Highlights: In America, inflation data for January will hit the markets on Thursday, with pricing pressures expected to [..]

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