All Articles Tagged - USDJPY

Risk rally on pause, dollar rebounds as NFP report awaited – Preview

Posted on January 3, 2024 at 1:57 pm GMT

December jobs report not expected to upset markets Any slowdown in hiring could reinforce rate cut bets But dollar bulls anticipating a different outcome on Friday, 13:30 GMT Markets vs the Fed The soft landing narrative completely took hold of the markets towards the end of 2023, spurring a risk rally that pushed Treasury yields to multi-month lows and Wall Street to all-time highs. This renewed optimism for the US economic outlook came about from Fed officials flagging the possibility [..]

Technical Analysis – USDJPY buyers appear strong in 2024

Posted on January 3, 2024 at 8:09 am GMT

USDJPY shows some progress MACD and RSI turn up USDJPY started 2024 in a positive mode as it rebounded off the 140.90 support level with strong resistance coming from the steep descending trend line. The RSI is below its 50 neutral mark, although it has strengthening, and the MACD is keeping its footing above its red signal line and within the negative area. Yet, the stochastic oscillator is looking for an upside reversal, but it’s uncertain if there is enough bullish power to boost the price [..]

Market Comment – Dollar starts 2024 on strong footing, Friday’s NFP eyed

Posted on January 2, 2024 at 8:59 am GMT

Dollar gains against most of its major counterparts Fed minutes and US jobs data this week’s highlights Euro awaits Eurozone’s preliminary inflation numbers Gold and oil rebound, Asian stocks open the year mixed Dollar traders lock gaze on Fed minutes and NFP data The US dollar began the first trading day of 2024 on a strong footing against its major counterparts, losing some ground only against the aussie and the pound. Following an uneventful final week of 2023, when investors [..]

Market Comment – Gold and equities shine bright in thin trading

Posted on December 28, 2023 at 10:15 am GMT

Gold closes at its highest level ever as US yields keep falling Shares on Wall Street also hit record highs, fueled by rate cut bets Dollar retreats across the board, boosting the euro and yen Gold rides higher on Fed bets Global markets continue to trade on the notion that major central banks, spearheaded by the Fed, will launch a powerful easing cycle next year. This theme has dominated trading activity in recent weeks as investors ramped up bets that [..]

Technical Analysis – USDJPY fails to react to BoJ news

Posted on December 27, 2023 at 3:49 pm GMT

USDJPY trades sideways, a tad below its 200-day SMA Quieter trading session amidst lower liquidity Momentum indicators are in waiting mode USDJPY is trying to record a green candle today, trading a tad below the key 200-day simple moving average (SMA). The festive period mood is producing quieter trading sessions as the market is already looking ahead to next week’s busy calendar. In the meantime, the momentum indicators clearly confirm the lack of appetite from market participants. The Average Directional Movement [..]

Market Comment – Stocks flirt with record highs as rate cut bets run wild

Posted on December 27, 2023 at 10:07 am GMT

Softer-than-expected PCE inflation boosts early rate cut hopes Global shares rise after S&P 500 comes within a whisker of its all-time high Yen slips as BoJ hints at no imminent policy change, dollar muted on depressed yields Stocks get another gift from Santa Equities look set to end the year in buoyant form as the disinflation theme continues to fuel the rally in global risk assets. Shares on Wall Street extended their year-to-date gains on Tuesday after the final major [..]

Week Ahead – Markets wind down for holidays, mind the liquidity gap

Posted on December 22, 2023 at 10:30 am GMT

Quiet week ahead as FX markets enter holiday season Spotlight will fall mostly on some Japanese releases Most importantly, liquidity will be in short supply Yen awaits Bank of Japan signals Another devastating year for the Japanese currency is coming to an end. Despite mounting a comeback in recent months, the yen is still on track to close the year with losses of around 8% against the US dollar, mostly because of the Bank of Japan’s refusal to raise [..]

Market Comment – Dollar slips on Q3 data revisions, PCE inflation eyed

Posted on December 22, 2023 at 9:13 am GMT

Q3 GDP and PCE prices revised lower Dollar resumes slide as Fed rate cut bets increase Aussie and yen the main gainers in FX arena Wall Street rebounds, gold breaks key resistance PCE prices for Q3 trimmed ahead of PCE inflation for November The US dollar resumed its downtrend yesterday against all its major counterparts, with the aussie and the yen taking the most advantage and gaining more than 1% each. The greenback is trying to recover a small portion [..]

Technical Analysis – USDJPY plunges to around 142.00

Posted on December 21, 2023 at 2:18 pm GMT

· USDJPY continues the selling interest · 200-day EMA acts as significant resistance · MACD and RSI move lower The USDJPY currency pair experienced a significant decrease in value after finding strong resistance at the 200-day exponential moving average (EMA) at 143.83 and is ready to break below the 200-day simple moving average (SMA) too. The pair is continuing the negative structure that started from November 13 and is remaining well below the ascending trend line. Technically, the RSI indicator [..]

Market Comment – Dollar rebounds ahead of PCE data, yen recovers

Posted on December 21, 2023 at 9:28 am GMT

Dollar gains, but investors still expect sharp Fed rate cuts Focus turns to tomorrow’s core PCE inflation metric Yen recovers ahead of Japan’s national CPI numbers Sharp sell-off on Wall Street snaps rally, gold slides Dollar trades higher ahead of PCE inflation release The US dollar rebounded on Wednesday against all but one of the other major currencies, with the pound losing the most after the larger-than-expected slowdown in UK inflation for November convinced investors to add to their BoE [..]

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