All Articles Tagged - USDJPY

Daily Market Comment – Equities back in the meat grinder after big tech earnings

Posted on October 30, 2020 at 8:40 am GMT

Stocks continue to melt down as big tech results underwhelm Some de-risking ahead of the election may be contributing too Dollar not really participating in risk-off Friday, but the yen is Eurozone inflation data today could shape ECB easing expectations ‘Dead cat’ bounce fades as big tech underwhelms Global markets breathed a sigh of relief on Thursday as risk appetite returned to some degree, but it was not meant to last, with the meltdown in equities resuming today on the [..]

Daily Market Comment – Stocks tank, yen shines amid lockdown blues; ECB coming up

Posted on October 29, 2020 at 9:33 am GMT

Panic selling in equities as France and Germany announce new virus-fighting measures Yen and dollar surge amid the turmoil, commodity FX and gold hammered Markets have stabilized on Thursday, but the calm seems fragile Today: ECB policy decision and US third-quarter GDP Equities fall apart, haven currencies shine Global markets buckled under the weight of the new shutdowns in Europe yesterday, with the newfound uncertainty around the US election making matters worse. The straw that finally broke the camel’s back [..]

Daily Market Comment – Euro under fire as new lockdowns loom

Posted on October 28, 2020 at 9:23 am GMT

Euro on the chopping block ahead of potential French lockdown Markets in a sour mood overall as Trump pulls ahead in Florida polls Stocks under heavy pressure, defensive yen shines Coming up: Central bank decisions in Canada and Japan Euro finally wakes up to the risks The single currency is taking heavy fire on Wednesday and European equity markets are a sea of red, as investors slash their exposure to euro-denominated assets ahead of a potential lockdown announcement in France. [..]

Technical Analysis – USDJPY seeks to reactivate downtrend below key base

Posted on October 28, 2020 at 7:47 am GMT

USDJPY bears are set for another challenging battle with the tough 104.00-104.20 base, which has been strongly rejecting selling pressure since July, keeping the pair in a sideways move. The latest downfall has sent the price back below its downward-sloping simple moving averages (SMAs), while in momentum indicators, the RSI has yet to touch its 30 oversold mark, flagging additional negative corrections. Still, sellers may not take the wheel unless the 104.00-104.20 floor collapses, in which case the six-month old downward pattern [..]

Daily Market Comment – Equities sink as second wave fears bite, but currencies stay calm

Posted on October 27, 2020 at 9:30 am GMT

Spiraling infections and tightening US election inject caution into markets Stocks tank alongside crude oil, but trim losses after stimulus comments FX market was in a sour mood too, but moves were much smaller Question is, how is the euro standing so well even as growth risks escalate? Risk aversion deepens, but does not overwhelm One week to go until the US election and markets are starting to wake up to the storm of risks that is threatening to [..]

Daily Market Comment – Investors play defense as global cases surge, US election tightens

Posted on October 26, 2020 at 9:15 am GMT

Markets on red alert as US infections hit grim records, Europe adopts new measures Meanwhile, election polls have tightened – ‘Blue wave’ no longer as certain Global stocks retreat, oil hammered, dollar inches higher Big week ahead: three central bank meetings, key GDP data, tech earnings Global cases soar, investors cut risk exposure Market participants are playing some defense on Monday, slashing their exposure to riskier assets like stocks and rotating into the safety of sovereign bonds, amid a blitz [..]

Technical Analysis – USDJPY tries to re-test 105.00; indicators look positive

Posted on October 26, 2020 at 7:56 am GMT

USDJPY is ticking higher, approaching the 105.00 psychological number in the 4-hour chart. The price rebounded off the 104.33 support level and surpassed the 20-period simple moving average (SMA), suggesting a possible bullish correction. The technical indicators are confirming this view with the RSI touching the 50 level and the MACD heading north in the bearish zone. If the price continues the upside move, immediate resistance would come from the 105.02 barrier, which stands around the 40-period SMA. Even higher, [..]

Daily Market Comment – Dollar firms, stocks slip amid US stimulus doubts

Posted on October 22, 2020 at 8:49 am GMT

Talks on US stimulus package continue but deal in doubt after Trump slams Democrats Dollar regains some footing, equities drift lower as final presidential debate eyed Brexit progress supports euro and pound as virus cases spiral out of control Stimulus setback after Trump throws a tantrum Hopes for a quick deal on a new coronavirus aid package in the United States have faded somewhat as negotiations between the White House and the Democrats drag on. Disagreement over funding for state [..]

Daily Market Comment – Stimulus deal moves closer; stocks cheer but dollar sags

Posted on October 21, 2020 at 8:58 am GMT

Talks continue on virus relief bill as Trump backs large stimulus Stocks rise but gains contained amid doubts about Republican support Dollar slumps to one-month low as euro soars, gold catches a bid too Markets anxiously await a stimulus deal Growing optimism that a bipartisan deal on a new coronavirus aid package in the United States is within reach lifted equities on Wednesday while investors dumped the safe-haven US dollar. Talks between House Speaker Nancy Pelosi and Treasury Secretary Steven [..]

Technical Analysis – USDJPY bears still have control; holds in falling channel

Posted on October 21, 2020 at 6:47 am GMT

USDJPY has been making lower highs and lower lows since the end of March when it touched the 111.70 resistance level. The technical indicators, though, continue to send neutral signals, suggesting that the softness in the market is not over yet in the very short-term timeframe. The RSI has flattened near the neutral threshold of 50, indicating that the market could weaken a little bit until the pair falls further in the descending channel. The MACD oscillator is still heading [..]

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