All Articles Tagged - USDJPY

Daily Market Comment – Dollar advances as stocks slip again, yields hold steady

Posted on March 2, 2021 at 10:02 am GMT

Calmer bond markets lift Wall Street, but global stocks dip on China’s bubble warning Dollar approaches one-month high as ECB, RBA and RBNZ push back on rising yields Oil prices fall for third straight day on higher supply worries, gold struggles Bubble warning pressures stocks Risk appetite waned slightly on Tuesday as the relative stability in bond markets was overshadowed by warnings of a “bubble problem in foreign financial markets” by a top Chinese financial regulator. The comments revived fears [..]

US Open Note – US Treasury yields tick higher; dollar around 107.00

Posted on March 1, 2021 at 2:10 pm GMT

US dollar back to notable gains A strong upside move in the US dollar and in US bond yields are the major themes of the day. The question is if this recovery is being driven by risk-off impulses or from expectation of Fed tightening. The US dollar index is approaching the 91.00 level, while dollar/yen is in the process to complete the fifth straight positive day around 107.00. The futures of the S&P 500, Nasdaq 100 and Dow Jones were pointing to a slight positive open after negative sessions. On [..]

Technical Analysis – USDJPY’s weekly bullish cycle could lose impetus

Posted on March 1, 2021 at 10:50 am GMT

USDJPY ticked to a fresh 6-month high of 106.73 on Monday, but its weekly bullish cycle seems to be ending as the price is flirting with the topline of the ascending channel. The flattening RSI and the slowing positive momentum in the MACD also hint that the buying appetite may be losing steam, shifting the spotlight towards the supportive red Tenkan-sen line and the 20-period simple moving average (SMA), both converging at 106.27. A violation of this point could re-challenge the 106.00 round level ahead of the [..]

US Open Note – Dollar knocks down riskier currencies; House stimulus vote looming

Posted on February 26, 2021 at 2:15 pm GMT

Central banks react after yield rally It was a turbulent week for markets as the rapid rise in global bond yields triggered profit taking on stocks and harmed traditional safe-haven currencies, with the S&P 500 and Nasdaq set to close the week with considerable losses, though hold within the neutral-positive territory in monthly terms. Although investors got assurances from the Fed and other central banks that any tightening in monetary policy was long in the future, the yield rally over [..]

US Open Note – Bond yields shine at fresh highs as US futures struggle; euro bulls gear up

Posted on February 25, 2021 at 2:11 pm GMT

Bond yields shrug of Powell’s comments; US future point to the downside Nothing could stop bond yields from rising on Thursday, not even the Fed chief Powell, who once again told lawmakers of the House of Representatives on Wednesday that a persistent rapid inflation break above 2.0% will not be the case for the next three years. While his remarks assured investors, who were front-running the Fed, that the current ultra-lose monetary policy is here to stay, the US 10-year [..]

Daily Market Comment – Stocks lick wounds, dollar retreats as Fed restores calm

Posted on February 25, 2021 at 9:43 am GMT

Stocks claw back losses amid Fed reassurances and vaccine news Commodity currencies continue to rampage, yen and franc in agony Pound loses some steam after Chancellor warns of tax increases Fed tranquilizer gun restores calm All that was needed to restore order in financial markets were some soothing words from the Fed’s top brass and some encouraging vaccine news. Wall Street came back to life after the Fed chief and vice-chief reassured investors that they won’t overreact to any inflation [..]

Global yields catch up with US Treasuries; has the dollar’s rebound been thwarted? – Special Report

Posted on February 24, 2021 at 2:54 pm GMT

A battle of the yields is underway as the returns on long-dated government bonds recover to pre-pandemic levels, undermining the allure of riskier assets such as stocks. The rally in bond yields is being led by US Treasuries, as the American economy shines the brightest in the Western sphere. However, while the US dollar got an unexpected leg up from the early stages of the surge in Treasury yields, the strengthening vaccine-led optimism is now spreading to other parts of [..]

US Open Note – Investors give up on traditional safe havens; pound pulls from 1.4235 peak

Posted on February 24, 2021 at 2:08 pm GMT

Stocks heal slightly after Tuesday’s plunge The vaccine euphoria coupled with reopening guidelines and stimulus pledges from several countries continued to lead market sentiment on Wednesday, boosting the appetite for risk-on trades. Fed chief Powell characterized the bond rally as “a statement of confidence” during his virtual semi-annual testimony in the Senate on Tuesday, and once again, reaffirmed that the current accommodative monetary policy will remain in play as long as it is needed, leaving the 10-year Treasury yield elevated [..]

Daily Market Comment – Yen and franc dive but stocks unable to sustain Powell bounce

Posted on February 24, 2021 at 10:28 am GMT

Safe-havens yen and franc plunge again as Powell boosts recovery hopes US stocks pull back from sharp dip but elevated yields continue to weigh Pound catapults to fresh highs; aussie, kiwi and loonie soar too Powell reassurance sends safe havens skidding Growing optimism about a vaccine-led recovery continued to reverberate through currency markets on Wednesday, steering riskier pairs to fresh highs, while pummelling traditional safe havens such as the yen and Swiss franc. The latest wave of positive outburst comes [..]

Technical Analysis – USDJPY’s retreat unable to hamper uptrend

Posted on February 24, 2021 at 9:28 am GMT

USDJPY has regained its footing with a bounce near the tentative uptrend line, drawn from the low of 102.58, which has reinforced the improving price structure. The flattening blue Kijun-sen line is reflecting the solid pullback under the 200-day simple moving average (SMA), while the rising red Tenkan-sen line is endorsing the pickup in sentiment. The short-term oscillators are currently transmitting mixed signals in momentum. The MACD, some distance above zero, has slid below its red trigger line, while the [..]

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