All Articles Tagged - USDJPY

Daily Market Comment – Equities storm back on fiscal hopes

Posted on September 28, 2020 at 8:38 am GMT

Risk appetite improves on hopes that US fiscal deal isn’t entirely dead Dollar climbs despite rebound in stock markets – European worries? Too early to say turbulence is over, but broader path seems bright For now, all eyes are on the Trump-Biden debate and Brexit talks Markets feel the blues in September Global markets have been thrown into turmoil in recent weeks, as a perfect storm of bad news provided a reality check for investors. America is running out of [..]

Daily Market Comment – Dollar climbs as virus gloom deepens

Posted on September 23, 2020 at 8:54 am GMT

Dollar extends gains as recovery prospects falter on virus resurgence Wall Street rebound fails to set markets alight Euro sags after poor PMIs; pound sinks on new virus curbs Rate cut expectations pummel aussie and kiwi Dollar shines as storm builds over global economy Markets were struggling to put up a positive front on Wednesday as the worsening virus outlook in Europe and the fading prospect of additional fiscal stimulus in the United States heightened recessionary fears. The stimulus-infused risk [..]

Technical Analysis – USDJPY strengthens downtrend in medium-term; oversold in short-term

Posted on September 23, 2020 at 7:18 am GMT

USDJPY added a new low at 103.99 to its downward pattern before bouncing up to the 105.00 territory, turning the six-month picture more bearish. Meanwhile, the fast stochastics, which have confirmed a bullish cross below the 20 oversold level and are sloping upwards now, are suggesting that the ongoing upside correction may continue in the short-term. The price itself is also hinting that the recent downward move is overstretched after testing several times the lower Bollinger band, with the rising [..]

Daily Market Comment – Stocks lick wounds; pound tumbles on lockdown fears

Posted on September 22, 2020 at 9:20 am GMT

Selloff in equities eases but sentiment still subdued amid virus and political woes Dollar and yen hold firm as clouds gather over economic recovery Pound braces for new UK restrictions Aussie skids after RBA’s surprise dovish turn Just a wobble or start of a deeper correction? The market mood remained undeniably downbeat on Tuesday following yesterday’s acceleration in the selloff that’s gripped equities during the course of September. European shares took the heaviest beating as banking stocks were pummelled from [..]

Technical Analysis – USDJPY struggles with critical support; negative pressures persist

Posted on September 21, 2020 at 9:23 am GMT

USDJPY has pierced below the vital 104.18 trough after the price plunged underneath its simple moving averages (SMAs), breaking the constraints of a short-term sideways market. The diving Ichimoku lines now maintain a strong bearish tone while the falling 50- and 100-period SMAs hold a dictating negative bearing, both suggesting further losses. The short-term oscillators are reflecting mixed signals in directional momentum. The MACD, far beneath zero, has nudged under its flattened red trigger line, while the RSI has bounced [..]

Daily Market Comment – Yen on the up, stocks slump as risks mount; dollar looks to flurry of Fed speakers

Posted on September 21, 2020 at 9:13 am GMT

Worsening virus outlook casts shadow as US election risks, low prospect for fiscal stimulus add to worries Yen outperforms but dollar subdued before Fed begins charm offensive Stocks selloff accelerates after Wall Street falls for third straight week Fresh lockdown fears dampen mood An unrelenting rise in coronavirus cases globally is weighing on sentiment at the start of the trading week as investors increasingly question their rosy predictions about the recovery. Europe is at the centre of the latest resurgence, [..]

Daily Market Comment – BoE clips pound’s wings, equities brace for turbulence

Posted on September 18, 2020 at 8:12 am GMT

Sterling capsizes after BoE opens door to negative rates Fed disappointment torments equities, but dollar doesn’t get the memo Market turmoil might continue today amid major option expiries Crude oil stages heroic comeback on supply hopes Bank of England does another policy U-turn The BoE injected another dose of volatility into British assets yesterday after it announced that it is studying the implementation of negative interest rates, just six weeks after it downplayed this policy as ineffective. It seems that [..]

Daily Market Comment – Investors heartbroken after Fed fires a blank, BoE next

Posted on September 17, 2020 at 8:23 am GMT

Fed commits to inflation overshooting regime, but delivers no new measures Dollar grinds higher, stocks in agony as investors expected heavier artillery Yet, this is probably not a game changer in the bigger picture Attention now turns to the Bank of England decision today Fed takes a small step back, markets throw a tantrum It was another eventful FOMC meeting. The Fed officially embraced its new inflation overshoot regime, albeit not unanimously. The vote was 8-2, with Kaplan and Kashkari [..]

Technical Analysis – USDJPY restrained, unable to break neutralizing shackles

Posted on September 16, 2020 at 8:15 am GMT

USDJPY continues to be robbed of directional momentum as the pair lingers, controlled by the 105.09 and 107.00 boundaries of a sideways pattern. The Ichimoku lines and the cloud propose minimal change in price action, while the drifting tone of the simple moving averages (SMAs) reflects little promise in assisting a new direction. Nonetheless, the short-term oscillators are slightly tilting towards an unfolding negative outcome. The MACD, in the negative region, has dipped below its red trigger line, while the [..]

Daily Market Comment – Markets hold their breath ahead of Fed decision

Posted on September 16, 2020 at 8:03 am GMT

Spotlight falls on the Fed today: will it deliver new measures to boost inflation? Bank of Japan meets a few hours later, not much is expected Otherwise muted moves across markets as investors await FOMC direction Fed: Justifying the paradigm shift The main event today will be the FOMC decision at 18:00 GMT, which will be followed by the regular press conference by Chairman Powell half an hour later. The Fed is certain to use this meeting as a public [..]

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