All Articles Tagged - USDJPY

US Open Note – Dollar steady as Fed speakers play down Jackson Hole fireworks

Posted on August 26, 2021 at 1:25 pm GMT

Waiting for Jackson Hole symposium FX markets hardly found any inspiration to move during Thursday’s European session as investors were eagerly waiting for the Jackson Hole symposium on Friday. The economic conference, which invites central bankers, finance ministers and important investors from around the world once in a year, will start today in a virtual form, carrying the theme “Macroeconomic Policy in an Uneven Economy”. The full agenda scheduled will be released at 0000 GMT today, but the biggest highlight [..]

US Open Note – Markets calm down ahead of Jackson Hole

Posted on August 25, 2021 at 12:53 pm GMT

FOMC meeting and Jackson Hole attract attention There have been several confusing messages leading up to the summit (27 August). The Fed’s vice chair, Clarida, hinted at an early taper when he stated that rates could rise as early as 2022. In the US, the number of covid cases and deaths is on the rise. Especially after Kaplan’s comments on Friday, investors are increasingly focused on this factor in the run-up to the FOMC. This Thursday, the Federal Reserve’s annual Jackson Hole Symposium gets underway, and it [..]

Technical Analysis – USDJPY rangebound between trendlines

Posted on August 25, 2021 at 7:59 am GMT

USDJPY is in a consolidation phase between two converging trendlines in the four-hour chart, moving sideways within the 110.21 – 109.40 area over the past week. Encouragingly, the lower trendline managed to add strong footing under the price on Tuesday at 109.40, raising speculation that the pair could sail northwards again, but the 38.2% Fibonacci retracement of the 111.65 – 108.71 down leg came immediately to block the way higher on Wednesday at 109.83. The momentum indicators are currently providing little hope [..]

US Open Note – Risk currencies become the best performers as delta fears persist

Posted on August 23, 2021 at 1:16 pm GMT

Jackson Hole in focus, as delta strain challenges policy decisions Although not a game changer yet, the RBNZ policy announcement showed last week that the spread of the delta virus strain could bring some rescheduling in monetary policy plans, and therefore some exciting volatility in FX markets. Policymakers postponed a widely expected 25 bps rate hike for later in the year as a handful of new cases was enough to prompt a snap lockdown given the low vaccination rates in [..]

Daily Market Comment – Equities perk up but Delta casts shadow over Jackson Hole

Posted on August 23, 2021 at 9:16 am GMT

Trading gets off to a somewhat more positive start as stocks and commodities rise, dollar slips But Delta surge forces Jackson Hole to go virtual again, taper clues in doubt Flash PMIs in focus amid recovery fears as Delta variant rages on Panic subsides but could be the Fed’s turn to get jittery After a tumultuous week, the market mood brightened somewhat on Monday after stocks on Wall Street extended their rebound on Friday. Bargain hunting appears to be reviving [..]

US Open Note – FX markets head south; stocks continue to drop

Posted on August 20, 2021 at 12:57 pm GMT

Dollar index rises slightly Watered-down expectations heading into Jackson Hole next week reveal more about the economy than the Fed’s plans to taper. If the Fed does not announce a taper soon, the fear is that they will not have the opportunity to do so if the US virus situation does not get better in the coming months. The US dollar index is surging to a new nine-month high of 93.67 today, posting the fifth consecutive green day. The greenback is flattening against the Japanese [..]

US Open Note – Riskier currencies plummet amid dollar strength

Posted on August 19, 2021 at 12:57 pm GMT

FOMC minutes drive dollar up Following the minutes from the latest FOMC meeting, the dollar index rose to 93.4 on Thursday, the highest closing level since November 2020. Numerous market participants now believe that the Fed will disclose a tapering timeline at the Jackson Hole Symposium next week. There will be less cash poured into the system if asset purchases are reduced. US stocks slid and are headed for a negative open today, while dollar/yen is heading south around 109.60. [..]

US Open Note – FOMC minutes next on the radar; greenback steady

Posted on August 18, 2021 at 1:13 pm GMT

Dollar awaits FOMC minutes for notable move The major highlight of the day is expected to be the FOMC minutes announcement. In the run up to the Jackson Hole Symposium next week, the minutes from the July 27-28 meeting will be of considerable interest. Investors are anticipating to see a highly hawkish tone in the minutes. A hawkish change is likely to occur in the September Dot Plots, with median launch expectations for a rate hike moving to 2022. The [..]

Daily Market Comment – Wall Street slips, dollar shines, RBNZ holds fire

Posted on August 18, 2021 at 8:33 am GMT

Stock markets edge lower after US retail sales disappoint Risk aversion reawakens the dollar ahead of Fed minutes today RBNZ says rate hikes ‘delayed not derailed’, kiwi goes wild Stocks bleed, but not much It was a lively session across global markets. Wall Street came under pressure on Tuesday after US retail sales fell short of expectations, amplifying concerns that consumer spending may be rolling over and reinforcing the narrative that economic growth has already peaked. Of course, the retreat [..]

Technical Analysis – USDJPY moves horizontally near 23.6% Fibonacci

Posted on August 18, 2021 at 7:45 am GMT

USDJPY is in the process of recouping the previous week’s strong losses, standing near the 23.6% Fibonacci retracement level of the up leg from 102.60 to 111.65 at 109.50. The RSI indicator is hovering in the negative region, while the MACD is stretching its bearish bias below its trigger and zero lines. In trend indicators, the 20- and 40-day simple moving averages (SMAs) are sloping downwards and the blue Kijun-sen line is travelling below the red Tenkan-sen line. More gains could lead [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

USDJPY

XM Live Chat