All Articles Tagged - USDJPY

US Open Note – Stocks push up and dollar index slips below 92.44

Posted on September 14, 2021 at 1:52 pm GMT

Markets and the greenback’s reaction connected to US CPI data Today’s pause on market volatility seems to have been hinged around market jitters prior to the release of the US CPI data, which is somewhat seen as the key that opens the taper door. The question is, has the rush to return to normality and subsequent supply bottlenecks been the main driver for inflation, suggesting it is temporary, or is there a deeper reason which the Fed is overlooking? These [..]

Technical Analysis – USDJPY struggles to escape trading range

Posted on September 13, 2021 at 2:29 pm GMT

USDJPY is finding it difficult to break the chains of a sideways market that has lasted for nearly a month, holding within the lower and upper limits of 109.40-109.61 and 110.36-110.54 respectively. The horizontal trajectory of the simple moving averages (SMAs) is reflecting the pair’s failure to develop a more decisive price direction. The short-term oscillators are reflecting a slight tilt to the downside despite exhibiting mixed signals in directional momentum. The MACD is marginally above its red trigger line [..]

US Open Note – Dollar rises ahead of busy week

Posted on September 13, 2021 at 12:46 pm GMT

Next on radar is US CPI tomorrow A busy week is on the table this week in terms of economic data in the US. This month’s CPI report is expected to show that inflation has slowed down a bit from July’s 13-year high of 5.4% in July. Inflationary pressures will be closely monitored by investors to determine whether the Fed’s tapering will be gradual or quick. The dollar continues to rise with the US dollar index developing near 92.87, surpassing the 50-day [..]

US Open Note – Wall Street could test bearish weekly close; loonie bulls gear after mixed jobs data

Posted on September 10, 2021 at 1:47 pm GMT

US-China relations hit the wires An overnight phone call between the US president Joe Biden and China’s leader Xi Jinping occupied the media on Friday. Not because of the market reaction it caused since that was negligible, but because of the potential positive implications the dialogue could have on the broken US-China trade relations in the future. Although both presidents are focused on managing pandemic headwinds at home, the US trade deficit with China has worsened to fresh highs since the last conversation in [..]

Daily Market Comment – Stocks perk up but shaky after Biden-Xi call; dollar pares weekly gains

Posted on September 10, 2021 at 8:54 am GMT

Global equities in better mood, Biden-Xi call helps, but Wall Street still looking wobbly Euro buys Lagarde’s ‘not tapering’ depiction, stays sluggish after ECB cuts QE pace Dollar slides again but on track for weekly gains as Fed officials reaffirm taper timeline Stocks buoyed by hopes of improved Sino-US ties Equity markets were looking more cheery on Friday after somewhat of a tumultuous week. Renewed concerns about economic growth amid rising inflation and ongoing disruptions caused by the Delta variant, [..]

US Open Note – Euro unchanged as ECB meets PEPP expectations; dollar stable

Posted on September 9, 2021 at 1:16 pm GMT

Taper – ECB style Starting bond tapering could be an unwise decision when the pandemic is still propagating worldwide through its threatening variants. However, setting a route for the train to run when the right time comes could provide some relief and reduce the case of a risky market reaction, especially as inflation is showing no convincing signs of abating. With economic growth remaining fragile and inflation hovering at a 10-year high of 3.0% y/y in the Eurozone, the ECB decided [..]

Daily Market Comment – Euro steady ahead of ECB but stocks hit by market jitters

Posted on September 9, 2021 at 9:23 am GMT

Euro holds above $1.18 ahead of expected ‘tapering’ by ECB Fresh China crackdowns and fears of slowing growth dent sentiment Stocks slip, dollar rebound eases but yen edges up ECB to taper but call it something else The European Central Bank will probably join the taper bandwagon when it announces the outcome of its policy meeting later today. However, with some way still to go for the Eurozone recovery and a sizeable degree of uncertainty about the outlook, policymakers will [..]

US Open Note – Market sentiment picks up and dollar takes a step back

Posted on September 8, 2021 at 1:52 pm GMT

Markets prepare for Bank of Canada meeting and US Jolts The major US indices have bounced back to earlier Asian levels, while the greenback has given up a tad of its gains, which it extended from yesterday. Renewed lockdowns and travel restrictions are not aiding growth and the persistently roaming delta variant is nourishing uncertainty around global recoveries, interfering with supply chains, which is feeding higher inflation. This seems to be producing a gloomy mood in the markets. The dollar [..]

Technical Analysis – USDJPY ticks up within the confines of a trading range

Posted on September 8, 2021 at 9:03 am GMT

USDJPY has shoved above the 50-day simple moving average (SMA) in attempts to head towards the ceiling of a three-week consolidation established between the limits of 108.72 and 110.80. The rising 200-day SMA is backing the positive picture, while the fairly sideways demeanour of the 50- and 100-day SMAs, is sponsoring a more horizontal price trajectory. The short-term oscillators are reflecting an increase in positive momentum. The MACD has nudged above its red trigger and zero lines, while the RSI [..]

US Open Note – Dollar ticks green as markets eye central banks this week

Posted on September 7, 2021 at 1:51 pm GMT

Dollar demand weighs on major peers; US yields assist It appears markets have already forgotten Friday’s disappointing data regarding new jobs created. The somewhat upbeat market mood has lifted the US 10-year yield to 1.3664% and aided the greenback in its comeback today. The dollar index is pushing higher, currently at 92.40 and its renewed strength is reverberating across the forex arena in major pairs. The euro is at $1.1846, the pound is at $1.3770 and the USD/JPY pair has [..]

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