All Articles Tagged - USDJPY

BoJ Meeting Summary and Tankan report eyed for stimulus hints – Forex News Preview

Posted on September 27, 2019 at 1:12 pm GMT

The Bank of Japan will publish the Summary of Opinions of its September policy meeting on Monday (Sunday, 23:50 GMT), while a raft of data will also be watched amid growing speculation the Bank is preparing to announce further easing in monetary policy. The most important release will be the BoJ’s Tankan survey for the third quarter on Tuesday (Monday 23:50 GMT) as a sharp deterioration in business sentiment could spur policymakers into action at the October 30-31 meeting. The [..]

Week Ahead – RBA expected to cut again; US jobs report and September PMIs in focus too

Posted on September 27, 2019 at 10:29 am GMT

More central bank meetings will follow in the coming week, this time with the Reserve Bank of Australia, while things will heat up a little on the data front as September PMIs are on the agenda, as well as the all-important US jobs report. Although investors have recently pared some of their bleakest outlook for global growth and recession risks have receded somewhat, the incoming data will nevertheless be watched closely as trade tensions could flare up at any moment. [..]

Daily Market Comment – Trade rollercoaster keeps sentiment fragile; dollar climbs

Posted on September 27, 2019 at 8:00 am GMT

Stocks retreat on trade doubts, but short-term outlook still positive Euro weakens amid ECB easing speculation, dollar capitalizes Flood of US data due out today, but trade issues more important for greenback Stocks pull back on reports US is unlikely to extend Huawei waivers Market moves were relatively muted on Thursday, as investors remained hesitant to increase their exposure until they get a better grip on the various risks currently at play, most notably the Trump impeachment threat and the [..]

Technical Analysis – USDJPY reverses off 50.0% Fibonacci, back below 100-SMA

Posted on September 26, 2019 at 8:51 am GMT

USDJPY sellers are persisting at the 100-day simple moving average (SMA) currently at 107.80, despite short-term momentum drying up, as implied by the flattening Tenkan-sen and Kijun-sen lines. The pair aggressively pivoted off the 108.42 resistance, which is the 50.0% Fibonacci retracement of the down leg from 112.39 to 104.45, following a rally that commenced on August 26. The short-term oscillators reflect a stall in price action as the MACD has weakened in the positive area, moving below its red [..]

Daily Market Comment – Dollar soars as impeachment worries fade, trade optimism returns

Posted on September 26, 2019 at 8:04 am GMT

Renewed trade optimism and fading impeachment concerns lift dollar & stocks One of the biggest ECB hawks resigns; Draghi speaks today RBNZ Governor plays down prospect of QE, lifts kiwi Dollar and equities shoot up as Trump says a trade deal may be close Global risk sentiment improved drastically on Wednesday, as a combination of optimistic trade remarks and diminishing fears of a US presidential impeachment saw investors rotate back into riskier assets. The market’s mood started to improve after [..]

Daily Market Comment – Trump impeachment risk scares stocks; UK Parliament returns

Posted on September 25, 2019 at 8:09 am GMT

Trump impeachment probe dampens sentiment, but is the market overreacting? Pound cheers Supreme Court ruling, but retreats on Corbyn’s remarks RBNZ holds its fire, kiwi briefly spikes higher Risk aversion engulfs markets as Trump faces impeachment enquiry Sentiment in financial markets turned sour on Tuesday, as a double whammy of trade and political risks blindsided investors, triggering a rotation away from riskier assets like equities and towards defensive ones such as the yen and Swiss franc. The initial catalyst [..]

Daily Market Comment – UK Supreme Court decision eyed ahead of RBNZ meeting

Posted on September 24, 2019 at 8:01 am GMT

UK Supreme Court rules at 09:30 GMT whether Parliament’s suspension was lawful – upside risk for sterling? RBNZ rate decision due early on Wednesday; kiwi may briefly spike higher US stocks recover after upbeat manufacturing PMI, but safe havens tell another story UK Supreme Court to rule on Johnson’s suspension of Parliament It will be an eventful day in Britain, as the nation’s Supreme Court will decide whether Boris Johnson’s choice to suspend Parliament for five weeks was lawful, or [..]

Daily Market Comment – Euro reels after dismal PMIs, but don’t panic yet

Posted on September 23, 2019 at 8:18 am GMT

Euro drops after German PMIs suggest recession ahead – but there may be good news there too Trump’s trade remarks dampen risk appetite Oil prices jump on reports that Saudi output may be offline for longer Euro reels as preliminary PMIs paint a gloomier picture The single currency is on the back foot early on Monday, following the release of the preliminary French and German PMIs for September, which signaled that more pain lies ahead for the European economy. All [..]

Week ahead – RBNZ meets, but geopolitics may steal the show

Posted on September 20, 2019 at 12:43 pm GMT

The Reserve Bank of New Zealand (RBNZ) will be the sole major central bank that meets next week, but there’s a flood of economic data to keep traders busy – most importantly the euro area’s preliminary PMIs due on Monday. Beyond these, markets will also keep a close eye on the geopolitical arena as tensions in the Middle East continue to boil, and any serious escalation threatens to impact not only oil prices but global risk appetite too. European PMIs [..]

Daily Market Comment – Pound jumps on Brexit deal hopes; dollar edges lower

Posted on September 20, 2019 at 8:29 am GMT

Pound surges on rising odds of a Brexit deal; Barnier-Barclay meeting eyed Dollar edges lower as other central banks hold steady, Treasuries slip Cautious optimism as US-China trade talks resume Oil spikes again after Saudi Arabia strikes Houthi targets in Yemen Pound continues to surge amid Brexit deal talk Hopes that the United Kingdom and the European Union may yet reach a deal on their divorce terms boosted the pound on Friday, taking the currency to 2½-month highs versus the [..]

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