All Articles Tagged - USDJPY

US inflation set to reach 4-decade high; will it be the precursor for faster Fed taper? – Forex News Preview

Posted on December 8, 2021 at 2:02 pm GMT

The latest reading on the US consumer price index (CPI) will be making headlines on Friday when it’s out at 13:30 GMT, as the data could sway the decision for Fed policymakers when they meet on December 14-15. There is no doubt that inflation in the US has been running hot for some time, but price pressures in November likely burgeoned to levels not seen since the early 1980s. As the Fed finally distances itself from the term ‘transitory’, is [..]

Technical Analysis – USDJPY moves sideways within SMAs and 112.70

Posted on December 8, 2021 at 8:42 am GMT

USDJPY has found strong support level at 112.70 over the last few days, remaining below the flat 20- and 40-day simple moving averages (SMAs). However, the pair is moving sideways within this range and is confirmed from the technical indicators as well. The MACD is moving sideways below zero level, while the RSI is flattening near its neutral threshold of 50. In the case of a break beyond the short-term SMAs, the next stop could come from the almost five-year [..]

Daily Market Comment – Stocks rally, dollar slips as Omicron fears subside, China eases policy

Posted on December 7, 2021 at 9:58 am GMT

Wall Street bounces back as investors shrug off inflation and Omicron concerns US yields also rebound but dollar pressured by improved sentiment Aussie climbs on upbeat RBA, oil rally lifts loonie, BoE uncertainty caps pound’s gains Risk appetite returns as Omicron gloom recedes further Equity markets were in a buoyant mood on Tuesday following a strong rebound on Wall Street yesterday. US stocks staged an impressive rally, with the Dow Jones gaining 1.9% and the S&P 500 1.2%, recouping last [..]

Technical Analysis – USDJPY moves sideways after sharp decline; bias positive

Posted on December 7, 2021 at 9:14 am GMT

USDJPY experienced a vast sell-off after the price peaked at the 4½-year high of 115.51. Since then, the pair has been moving without a clear direction, but the recent cross above the 50-day simple moving average (SMA) suggests that bullish forces have gained the upper hand. This near-term positive momentum is also reinforced by the momentum indicators. The MACD is currently found above both zero and its red signal line, while the stochastic oscillator is pointing upwards in the overbought [..]

Technical Analysis – USDJPY finds its feet around 112.50, but may remain rangebound

Posted on December 6, 2021 at 3:18 pm GMT

USDJPY has succeeded in keeping north of the 113.00 handle after managing to form a foothold around seven-week low levels. The longer-term 100- and 200-period simple moving averages (SMAs) are suggesting a more neutral bearing, while the diving 50-period SMA continues to endorse the decline in the pair. The Ichimoku lines are indicating that negative forces have not fully abated, while the short-term oscillators are mirroring that downside momentum is diminishing. The MACD, in the bearish region, is above its [..]

Daily Market Comment – Equities perk up as Omicron panic eases; Fed liftoff in focus

Posted on December 6, 2021 at 10:00 am GMT

Positive start for US and European stock futures, Asia mixed as mood brightens But still plenty of caution amid Omicron unknowns and central bank policy shifts Busy week lined up – US CPI the highlight; dollar edges higher Is the Omicron scare over? After a gruesome two weeks, US equities may be at a turning point as markets digest the growing expectation that the Fed will remove stimulus at a faster pace and amid encouraging signs that the Omicron variant [..]

Technical Analysis – USDJPY plunges to 113 mark but bullish structure intact

Posted on December 1, 2021 at 9:57 am GMT

USDJPY has formed a foothold around the 113.00 handle after a selloff in the pair from a near five-year high, which was linked to concerns around the new omicron variant. The aggressive pullback in the pair has failed to cause any significant damage towards the broader uptrend. Furthermore, the rising simple moving averages (SMAs) are also suggesting that the ascent in the pair remains sturdy. The picture painted by the short-term oscillators is somewhat unclear, as the indicators are conveying [..]

Technical Analysis – USDJPY plunges below 113.00 with strong momentum

Posted on November 30, 2021 at 2:27 pm GMT

USDJPY plummeted below its 20- and 40-day simple moving averages (SMAs) after the pullback from the almost five-year high of 115.50. The MACD oscillator is faltering beneath its trigger line in the positive territory, while the RSI is pointing down below its neutral threshold of 50. The 112.70 barrier is currently adding support under the price, preventing any declines towards the 112.07 level. Falling below the latter, the price may extend the bearish move until the uptrend line around 111.40 and the 110.80 hurdle, while deeper the 200-day SMA, which is [..]

US Open Note – Dollar weakens as risk aversion grows

Posted on November 30, 2021 at 2:19 pm GMT

Fed Chair Powell to draw focus; Chicago PMI and consumer confidence eyed Market sentiment has weakened, and the greenback has taken a hit as concerns regarding the omicron variant have resurfaced. Disappointing comments from the CEO of Moderna on the efficacy of current vaccines along with concerns from the Fed Chair Powell seem to be the culprits. Federal Reserve Chair Powell mentioned that the omicron variant brings with it uncertainty around inflation and thus could upset growth prospects. The strain [..]

Daily Market Comment – Virus worries keep markets on edge

Posted on November 30, 2021 at 9:50 am GMT

Concerns around vaccine efficacy spark another round of volatility Riskier currencies, stocks, and crude oil erase yesterday’s rebound Yen and franc shine as yields edge lower, Powell testimony in focus Moderna CEO warns about vaccines The chief executive of Moderna struck fear into financial markets on Tuesday after he warned that existing vaccines probably won’t be very effective against the new Omicron variant. His comments shouldn’t have been very surprising considering that the entire scientific community has been saying this [..]

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