All Articles Tagged - USDJPY

FX year ahead 2022: Brace for volatility – Special Report

Posted on December 22, 2021 at 12:02 pm GMT

It has been an exceptional year for the US dollar, which defied all the doom and gloom predictions to gain more than 10% against the Japanese yen. The resurgence of inflation has turned the tables with many central banks hitting the brakes, and this theme will likely persist into 2022. The dollar could continue to perform well as the Fed tightens and global growth cools, although inflation is a wild card. Politics will also return to the spotlight, with the [..]

Daily Market Comment – Omicron relief kicks in, riskier trades recover

Posted on December 22, 2021 at 9:53 am GMT

Optimism returns as US prepares to approve covid-fighting pills Biden also promises to get a spending deal done next year Stocks and oil prices cheer, FX market remains hostage to risk tone Good news at last After a dismal start to the week, financial markets are back in a cheerful mood. All it took to turn the tide was some encouraging news around public health and promises of more stimulus spending. Risk appetite returned after reports that US regulators are [..]

Technical Analysis – USDJPY surpasses short-term SMAs; weak momentum

Posted on December 22, 2021 at 8:33 am GMT

USDJPY is advancing above the 20- and 40-day simple moving averages (SMAs) after a month but the outlook is still neutral. The MACD oscillator is holding above its trigger and zero lines, but the momentum is very weak, while the RSI is flattening above the neutral threshold of 50, both mirroring the sideways move in the short-term. If the price successfully overcomes the 114.25 immediate resistance, the next stop could come from the almost five-year high of 115.50. Rising above [..]

Daily Market Comment – Nerves calm down but risks still loom

Posted on December 21, 2021 at 9:57 am GMT

Mood improves, helped by signs that Biden’s fiscal agenda isn’t dead Dollar pulls back, sterling recovers in a relatively quiet FX market Stocks and oil prices bounce back, Turkish lira stages epic comeback Risk sentiment stabilizes Global markets started the week on a soft note amid worries that the lightning-fast spread of Omicron would curtail economic growth at a time when central bank liquidity is evaporating and government spending is being rolled back. Thin trading volumes because of the holiday [..]

US Open Note – Stocks go downhill as omicron bears bite; dollar, euro resilient

Posted on December 20, 2021 at 2:23 pm GMT

Omicron plays with investors’ nerves as stimulus vanishes Stock markets were in a sea of red during mid-European trading hours as omicron concerns and tighter curbs in Europe reminded investors that the pandemic is far from over and Covid could still swamp global demand after two years of limbo. The pan-European STOXX 600 and the British FTSE 100 index followed their Asian counterparts deeply lower, with energy shares, basic materials, and consumer cyclicals driving the bulk of losses, plunging by [..]

Technical Analysis – USDJPY finds resistance at short-term SMAs

Posted on December 20, 2021 at 1:23 pm GMT

USDJPY has been flirting with the 20- and 40-day simple moving averages (SMAs) around the 113.70 level, remaining below them over the last month. The MACD oscillator is moving sideways around the zero level, losing some momentum, while the RSI is flattening near the 50 region. A decisive close above the SMAs could reduce negative risks, producing another ascending move towards the almost five-year high of 115.50. Beyond that, traders might target the 118.60 level, taken from the high in January 2017. Otherwise, [..]

Technical Analysis – USDJPY moves sideways after sharp drop; bias turns bearish

Posted on December 20, 2021 at 9:06 am GMT

USDJPY has been trending downwards after the price peaked at the 4½-year high of 115.51 in late November. However, after its decline halted, the pair has adopted a more sideways pattern. Recently, the short-term picture seems to be deteriorating as the price has crossed below both its 50 and 200-period simple moving averages (SMAs). This recent downside move is likely to resume as the momentum indicators endorse the pair’s bearish immediate-term bias. More specifically, the stochastic oscillator is sloping downwards after [..]

US Open Note – Dollar flattens after busy week; lira plummets

Posted on December 17, 2021 at 2:00 pm GMT

FX market in the spotlight After a very busy week with numerous central bank meetings, the week is ending with a bearish mode. The dollar index continues its sideways movement around 96, while dollar/yen is heading south approaching the 113.00 round number. The euro rally peaked near $1.1350 and is now trading near $1.1300, while sterling has given up much of its post-BoE gains and is trading below $1.33. US futures are suggesting a negative open today. Central banks sum up The Fed’s shift to a more hawkish stance [..]

Week Ahead – With the central bank mayhem out of the day, the festive wind down begins

Posted on December 17, 2021 at 10:51 am GMT

After a super exciting week, things will wind down significantly in the run up to the Christmas weekend, with the biggest risk for traders likely being suffering from post-central bank blues. Out of all the meetings, the Fed’s announcement undoubtedly had the largest bearing on the markets, whipsawing the dollar. But the bumpy times may not be over just yet for the greenback as the US agenda is the busiest in an otherwise quiet week. Meanwhile, stocks could get an [..]

Technical Analysis – USDJPY struggles around 114 mark but upside risks remain

Posted on December 16, 2021 at 3:54 pm GMT

USDJPY is currently trading in the vicinity of the 114.00 handle and the 50-day simple moving average (SMA) at 113.83 after finding a foothold within the 112.40-112.72 support zone. The rising SMAs are endorsing advances in the pair, while the Bollinger bands are now reinforcing the lower and upper limits of what looks like a two-month sideways market. The short-term oscillators are hinting that directional momentum has dried up. The MACD seems to have flatlined marginally beneath the zero line [..]

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