All Articles Tagged - USDJPY

Volatility eases a bit ahead of the key Fed meeting – Volatility Watch

Posted on September 17, 2024 at 10:51 am GMT

Euro/dollar volatility remains low as dollar weakness lingers Volatility in commodities stays elevated led by silver Stock indices and bitcoin experience lower volatility Euro/dollar volatility remains low as the market is preparing for the key Fed meeting on Wednesday that could deliver a previously unexpected 50bps rate cut. Amidst these conditions, yen pairs are experiencing the highest volatility of the past month as the yen continues to outperform its main counterparties on the back of divergent monetary policy. Volatility in gold has increased somewhat, partly [..]

Is the BoJ on hold until December’s meeting? – Preview

Posted on September 17, 2024 at 8:32 am GMT

BoJ expects no change Ueda comments may provide insight USDJPY remains above 140.00 despite a severe sell-off BoJ interest rate decision on Friday at 03:00 GMT BoJ decision to keep interest rate steady At its meeting on Friday, the Bank of Japan (BoJ) is anticipated to keep its monetary policy position unchanged. Most market watchers expect the Bank of Japan to maintain its target range for short-term interest rates at 0% to 1%. This move is in line with the Bank of Japan’s [..]

Will the Fed cut by 25 bps or 50 bps? – Preview

Posted on September 17, 2024 at 7:36 am GMT

Fed is expected to cut rates, but is it too late to the game? Intense speculation about size of cut as markers lean towards 50 bps New dot plot will also be crucial in Wednesday’s decision at 18:00 GMT Fed to join rate-cut club The timing of the Fed’s first interest rate cut of the cycle has been the dominant market theme all year, but since the summer, the narrative has changed to the size of the cut, not when. [..]

Weekly Technical Outlook – USDJPY, EURUSD, GBPUSD

Posted on September 16, 2024 at 2:27 pm GMT

EURUSD speeds up to test 1.1100 area as debate over a bold Fed rate cut continues USDJPY hits 14-month low; BoJ awaited to give direction on rate hikes GBPUSD shifts to the upside ahead of CPI data and BoE rate decision FOMC rate decision –> EURUSD The Fed will announce its rate decision on Wednesday at 18:00 GMT and the question is not if, but by how much it will cut interest rates. Investors have long been debating between a 25bps [..]

Daily Comment – Slow start to the week ahead of the Fed meeting

Posted on September 16, 2024 at 8:15 am GMT

Mixed movements in FX but the yen remains on the front foot Stocks recorded their best weekly performance of 2024 Another assassination attempt against Trump Bitcoin suffers while gold reaches a new all-time high Stocks are in anticipation mode A very important week has commenced with the US equity markets digesting last week’s impressive performance. Both the S&P 500 and Nasdaq 100 indices recorded their best weekly performance since November 2023. One of the main reasons for this improved performance [..]

Technical Analysis – USDJPY unlocks new 14-month low

Posted on September 16, 2024 at 8:07 am GMT

USDJPY dives below 140.70 key level Momentum oscillators continue downside pressure USDJPY has declined considerably towards a new 14-month low of 139.56 earlier today, continuing the significant sell-off. The price has been in a bearish tendency since mid-August with the technical oscillators confirming the current move. The MACD oscillator is standing beneath its trigger and zero lines, while the RSI is crossing below the 30 level. More downside pressures may drive the bears until the July 2023 trough of 137.25 [..]

Week Ahead – Fed to cut interest rates, BoE and BoJ to remain on hold

Posted on September 13, 2024 at 10:28 am GMT

Investors are split between a 25 and 50bps Fed rate cut BoE expected to stand pat, but resume cuts in November BoJ to also stay on hold, focus to fall on future hike signals Let the Fed cuts begin Since the July US employment report, which sparked fears of recession, investors have been trying to figure out the size of the potential rate cut the Fed will deliver at its September gathering, and the moment of truth has finally come. [..]

Daily Comment – Dollar sinks, gold surges as 50bps Fed cut back in the picture

Posted on September 13, 2024 at 8:58 am GMT

Soft US PPI and reports of Fed dilemma revive bets of 50bps cut Dollar plunges as yields fall, pushing gold to new all-time high Euro climbs as ECB trims rates but does not signal October cut Fed rate cut expectations swing wildly Expectations of a 50-basis-point rate cut by the Fed in September had all been priced out by investors. But softer-than-expected US producer prices and reports that Fed officials are debating the size of next week’s anticipated rate reduction [..]

Daily Comment – Dollar firms after CPI, euro awaits ECB, techs lead equities rebound

Posted on September 12, 2024 at 8:51 am GMT

US dollar edges up after CPI report wipes out 50-bps rate cut bets Euro stuck on the backfoot in wait for ECB decision Wall Street rebound gathers pace as tech stocks rally Mixed CPI report disappoints US inflation fell to the lowest since February 2021 in August, but the bigger-than-expected drop in the headline figure was overshadowed by an acceleration in the monthly core measure. Wednesday’s CPI report was the last major piece of data before next week’s policy announcement [..]

Technical Analysis – USDJPY unlocks new multi-month low at 140.70

Posted on September 11, 2024 at 11:41 am GMT

USDJPY confirms the bearish tendency MACD and RSI dive near oversold areas USDJPY depreciated to a new nine-month low of 140.70, further strengthening the bearish trend, especially after the break of the long-term uptrend line. In technical terms, the MACD oscillator is descending below its trigger line in the negative region, while the RSI currently indicates a downward trend, nearing the oversold area. Also, the bearish crossover within the 50- and 200-day SMAs confirms the negative momentum in the market. If the price continues the [..]

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