All Articles Tagged - USDJPY

Technical Analysis – USDJPY seems frail after breaking above cloud

Posted on February 15, 2021 at 4:26 pm GMT

USDJPY is stalling above the Ichimoku cloud on its trajectory towards the 105.50 mark, where the 200-day simple moving average (SMA) is currently residing in the daily chart. The 50-period SMA is holding above the other SMAs but is mostly directionless, while the 100- and 200-period SMAs are defending the improving structure. The Ichimoku lines are reflecting weak positive momentum, while the cloud is suggesting a more neutral demeanour. Moreover, the short-term oscillators are mirroring the pause in positive price [..]

US Open Note – Yen gets hammered; Boris looks to exit lockdown

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

It’s a risk-on day It’s a bright day for markets as upbeat Q4 GDP growth figures out of Japan coupled with falling global infection cases bolstered hopes that the economic recovery could gain steam in the year ahead. Following the strong bounce in Asian indices, which sent the Nikkei 225 up to 30,000 for the first time in three decades, European equities received a slice of interest too. The German DAX 30 was flirting with its recent record highs, while the Euro STOXX 600 was [..]

Week Ahead – Dollar’s comeback bid wobbles ahead of Fed minutes, flash PMIs

Posted on February 12, 2021 at 1:42 pm GMT

There will be no shortage of data releases in the coming week, with Japanese GDP, Australian job numbers and European and US flash PMIs being some of the highlights. But markets may still struggle to find new direction as there’s nothing on the horizon that is likely to alter the existing narrative on stimulus and vaccine expectations. The minutes of the Federal Reserve’s January policy meeting are also not anticipated to rattle markets. Though, in the absence of any exciting [..]

US Open Note – Dollar fade continues; stocks hold around record highs

Posted on February 11, 2021 at 1:56 pm GMT

Dollar recoups losses; Biden-Xi Jinping have their first call With stocks holding around their record highs, the Biden Administration making progress on finalizing the stimulus deal and more Americans getting vaccinated, some Fed officials have been talking about earlier tapering. During yesterday’s speech, Chair Jerome Powell mentioned that employment remains far away from full recovery and asked lawmakers and the private sector to support workers. President Joe Biden had his first conversation with China’s President Xi Jinping late on Wednesday, according to a [..]

Is the global vaccination race the new force in FX markets? – Special Report

Posted on February 11, 2021 at 1:31 pm GMT

The global campaign to vaccinate people against Covid-19 began in earnest in December, marking a historic milestone in the fight to bring an end to the pandemic. However, as governments scramble to get their hands on a limited supply of Covid vaccines, the disparity in the immunization rate between different nations is not going unnoticed in the FX world. Countries that are pulling out all the stops to vaccinate their population are seeing comparative strength in their currencies, whilst those [..]

US Open Note – Dollar moves south after soft CPI; euro rises above 1.21

Posted on February 10, 2021 at 2:34 pm GMT

Dollar eases after US CPI; US stocks still up The selling interest in the US dollar is continuing, with its index against a basket of currencies flirting with the fourth consecutive red day after the release of the US CPI data. The annual inflation rate remained unchanged at 1.4% for January, the same as in December and marginally below expectations of 1.5%. Month-on-month, consumer prices went up 0.3%, in line with forecasts from 0.2% before. Powell and other policymakers at the Fed have suggested that [..]

Technical Analysis – USDJPY bulls still have a chance to regain control

Posted on February 10, 2021 at 8:08 am GMT

USDJPY bulls got exhausted near the 200-day simple moving average (SMA), letting the price to slump back into the 104.00 area on Tuesday. The pair, however, has not violated the short upturn from the 102.58 bottom yet, leaving the door open for a potential trend continuation as long as the price holds above the swing high of 104.39 and the 20-day SMA. Notably, the bullish cross between the 20- and 50-day SMAs is still endorsing a trend improvement. The momentum indicators, although [..]

US Open Note – Dollar extends losses; pound near 3-year high

Posted on February 9, 2021 at 3:35 pm GMT

Dollar eases as reflation trade returns The dollar is tumbling over the last couple of sessions as the reflation trade strengthened. President Joe Biden will probably push his aid proposal forward without Republican support. Some comments from government suggest that the stimulus negotiations act as a cautionary tale. The Republican Congress did the same thing to push through President Trump’s tax cuts back in 2017. The relief package is likely to be closer to $2 trillion rather than $1 trillion. The dollar index is registering the third straight day of [..]

US CPI in focus as Yellen and Fed downplay inflation fears – Forex News Preview

Posted on February 9, 2021 at 1:26 pm GMT

With so much talk of inflation lately, the monthly print of the consumer price index (CPI) out of the United States on Wednesday (13:30 GMT) might attract a bit more attention than usual. After the NFP disappointment, stronger-than-expected CPI data could be what the dollar needs to resume its uptrend. President Biden’s $1.9 trillion stimulus proposal has sparked fears that the colossal-sized package may stoke inflationary pressures. Former colleagues Treasury Secretary Janet Yellen and Fed Chair Jerome Powell have both [..]

US Open Note – Dollar back to gains despite calm day; euro steady

Posted on February 8, 2021 at 2:05 pm GMT

Dollar posts some gains; US stocks at record highs In a quiet day, the major theme is the inflation expectations in the US that continue to rise. Treasury Secretary Yellen is asking for a larger stimulus package to bring the economy back to full employment. The dollar seems ready to resume its recovery. The US dollar index is moving marginally up, while dollar/yen is approaching the 105.70 level again, hitting the 200-day simple moving average (SMA). In the stock market, an index tracking global bourses met [..]

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