All Articles Tagged - USDJPY

Daily Market Comment – Dollar and gold shine but yen subdued as virus cases spike again

Posted on February 21, 2020 at 9:22 am GMT

Flight to safety boosts dollar and gold, yen nurses losses as new virus cases jump again Risk aversion finally reaches equity markets as global stocks stumble All eyes on flash PMIs as virus outbreak shows no sign of abating Dollar holds firm; gold hits fresh 7-year highs The risk-off mood deepened on Friday as China reported another spike in new confirmed cases of the coronavirus, most of which were in two prisons in Hubei province. But investors were also spooked [..]

Daily Market Comment – Yen slumps, dollar reigns supreme as virus fears persist

Posted on February 20, 2020 at 9:24 am GMT

Yen tumbles on virus worries as investors seek safety elsewhere; dollar surges Virus spread slows but change in counting methodology casts doubt Aussie and kiwi extend slide on growth concerns Is yen losing its safe-haven status? The Japanese yen came under attack on all fronts on Wednesday, sending the safe-haven currency plunging against all its peers, even against the beleaguered euro and pound. The biggest beneficiary of the yen sell-off was the US dollar, which scaled a near 10-month peak, [..]

Technical Analysis – USDJPY unlocks 9-month highs; strongly bullish

Posted on February 20, 2020 at 7:20 am GMT

USDJPY has an impressive upside rally on Wednesday’s trading session, surging to a fresh nine-month high of 111.58 and also recovering the gap that was created last May. The aggressive run helped the pair to add more than 150 pips in just one day, increasing the distance from the rising trend line. However, the momentum indicators are overbought, and a downside retracement may be on the cards in the next sessions. The %K line of the stochastic jumped above the [..]

Daily Market Comment – Stocks rebound as new virus cases slow; dollar stands tall

Posted on February 19, 2020 at 9:23 am GMT

Equity markets bounce back from Tuesday’s slide amid slowdown in new coronavirus cases Stimulus hopes also help sentiment but gold still tops $1600 on heightened risks Unstoppable dollar scales fresh highs even as US yield curve inverts Stocks turn green again as investors focus on positives Risk appetite recovered somewhat on Wednesday following the knock from Apple’s profit warning yesterday, which elevated concerns about the impact from the coronavirus outbreak. The number of new confirmed cases of coronavirus in China [..]

Fed minutes unlikely to derail dollar’s relentless rally – Forex News Preview

Posted on February 18, 2020 at 2:49 pm GMT

The minutes of the latest Federal Open Markets Committee (FOMC) meeting will be released on Wednesday at 19:00 GMT. Nothing much happened or was said back then, so the minutes are unlikely to contain any major policy signals. Instead, investors might look to the preliminary PMIs for February that are due on Friday for clues on whether virus uncertainty has started to infect America too. As for the dollar, there’s nothing on the horizon to suggest the explosive uptrend is [..]

Daily Market Comment – Apple profit warning rattles markets; gold edges up

Posted on February 18, 2020 at 9:34 am GMT

Apple Inc says it will miss revenue guidance due to China plant shutdown Stocks slide as Apple warning dashes hopes of quick rebound from virus fallout Gold hits 2-week high, oil declines on growing virus impact Pound under pressure as Britain talks tough on future trade deal with EU Markets get dealt reality check by Apple profit warning US tech giant, Apple Inc, issued a rare profit warning on Monday, saying it will miss its first quarter revenue guidance as [..]

Japanese data eyed as economy hit by trade war and virus storms – Forex News Preview

Posted on February 17, 2020 at 3:43 pm GMT

After Japan’s unexpectedly large drop in GDP in the fourth quarter, factory, trade and inflation figures will come under the spotlight this week. Machinery orders and trade numbers will be released on Wednesday (Tuesday, 23:50 GMT), followed by CPI data (Thursday, 23:30 GMT) and the Jibun manufacturing PMI (00:30 GMT) on Friday. Although the Bank of Japan is not seen rushing to increase monetary stimulus, despite mounting recession risks, policymakers may not have much choice if the outlook does not [..]

Daily Market Comment – Virus risks persist but China stimulus cheers markets

Posted on February 17, 2020 at 9:14 am GMT

Shares in China soar after central bank cuts rates, injects cash and government pledges tax cuts But Japanese stocks struggle as recession fears grow after Q4 GDP drop Dollar holds firm despite mixed data but quiet day ahead as US markets closed China pumps more stimulus as no sign yet of virus peaking Asian stocks were boosted on Monday as Chinese authorities intervened to prop up markets with little evidence so far that the coronavirus outbreak is easing. The People’s [..]

Week Ahead – Flash February PMIs eyed as virus outbreak shows few signs of slowing

Posted on February 14, 2020 at 10:48 am GMT

The preliminary PMIs for February will take centre stage next week as they will provide the first insight into the possible impact of the coronavirus on the global economy. The flash releases in the Eurozone, Japan, the United Kingdom and the United States should reveal how businesses outside of China have been affected by the outbreak with the risk that runaway equity markets may be handed a tough reality check. In other data, Australian employment and Canadian and UK retail [..]

Japanese Q4 GDP may raise fresh concerns about outlook – Forex News Preview

Posted on February 14, 2020 at 10:41 am GMT

Japanese GDP number for Q4 in 2019 are coming up during the early Asian session on Monday at 01:50 GMT. Adding some significant pressure to Japan’s economy lately is the China’s coronavirus, which has threatened exports and factory output, as well as hitting tourism in the country. The economy expanded in the third quarter at a faster pace than anticipated, driven by stronger capital investment and private consumption ahead of the October 1 consumption tax increase. However, GDP is forecasted to print a negative reading of [..]

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