All Articles Tagged - USDJPY

Technical Analysis – USDJPY bulls show further signs of life

Posted on December 13, 2023 at 8:53 am GMT

USDJPY in the green today ahead of this week’s key events It is now hovering below a key support area Momentum indicators confirm the weakening bearish pressure USDJPY is trying to record a green candle today as it trades a tad below a strong support area. The bulls have managed to react to the sizeable correction from the November 13, 2023, high of 151.90, by defending the 200-day simple moving average (SMA) and then staging a small rally towards current levels. [..]

Volatility Report – December 12, 2023

Posted on December 12, 2023 at 12:28 pm GMT

EUR/USD volatility in neutral zone, major JPY crosses in turbulent waters Gold and silver follow opposite volatility paths, oil remains quiet Volatility picks up in stock indices except S&P500; Bitcoin set for sizeable moves EUR/USD expected volatility remains subdued despite the crucial CPI print expected later today. Meanwhile, the Yen has disrupted a period of calmness across the currency board as its pairs are the only ones showing a jump in volatility relative to last week. In commodities, gold volatility is fading following [..]

Volatility Report – Introducing our new weekly publication

Posted on December 12, 2023 at 12:25 pm GMT

Hello XM customers/viewers, Today we are introducing our new weekly post that helps you locate instruments that might make big moves in the coming sessions; the Implied Volatility Table. So, what is Implied Volatility and why it is important? Implied or expected Volatility is a forecast of a likely movement in a financial instrument’s price, which is derived from market-traded option prices. The instrument could be an individual stock, a commodity, an equity index, a currency pair, or even a [..]

Market Comment – Dollar pulls back as US CPI data take center stage

Posted on December 12, 2023 at 9:13 am GMT

US inflation numbers enter the spotlight ahead of the Fed Headline CPI rate expected to tick down, core to hold steady Yen extends slide on more BoJ-related reports, rebounds today Wall Street climbs to new highs for the year Dollar retreats ahead of CPIs and Fed The US dollar traded lower or unchanged against the other major currencies on Monday except the Japanese yen, which continued to slide. Today, the greenback is trading on the back foot against all, with [..]

Technical Analysis – USDJPY tests penetrated uptrend line again

Posted on December 11, 2023 at 1:54 pm GMT

USDJPY starts a bullish week 200-day SMA acts as strong support level MACD and RSI are turning up USDJPY stormed higher after the bounce off the 200-day simple moving average (SMA) and the four-month low of 141.57. Entering the 147.00 area has been a struggle as the penetrated ascending trend line is holding ahead of the 20- and the 50-day SMAs at 148.10 and 149.20 respectively. The RSI is still standing below its 50 neutral mark, gaining some pace, and [..]

Weekly Technical Outlook – USDJPY, EURUSD, GBPUSD

Posted on December 11, 2023 at 10:24 am GMT

Fed to stick to stable rates; will USDJPY move even higher? EURUSD is muted below 1.0800 awaiting ECB meeting GBPUSD stays calm ahead of BoE rate announcement Fed meeting –> USDJPY The Federal Reserve’s two-day policy meeting ends on Wednesday at 18:00 GMT and it is quite likely that it will maintain its policy rate without any changes. The primary emphasis on Wednesday will be the timing of the Federal Reserve’s initiation of interest rate reductions. Based on the current [..]

Market Comment – Dollar gains after strong US jobs data; CPIs and Fed awaited

Posted on December 11, 2023 at 9:18 am GMT

Dollar rallies as NFP beat estimates, unemployment rate slides Investors push back their Fed rate cut bets Focus now turns to US CPI data and Fed meeting Wall Street gains on soft-landing hopes, oil recovers Better-than-expected US jobs data lift US dollar The US dollar rose on Friday after the US employment report revealed that job growth in the US accelerated by more than expected in November and that the unemployment rate dropped, prompting market participants to push back their [..]

FX Year Ahead 2024: As the race to cut begins, which currency will come out the winner?

Posted on December 8, 2023 at 1:15 pm GMT

Will Fed officials be the first to cut rates or will the ECB beat them to it? Falling inflation everywhere means a bearish US dollar is not a given Yen stands to gain from rate cuts as BoJ may hike Is sterling set for another bumpy year? Aussie and kiwi pin hopes on China recovery, loonie looks to oil boost Will the dollar bears finally get their way in 2024? After two consecutive years of gains, a correction in the [..]

Week Ahead – Will the central bank bonanza kill the festive joy or fuel it?

Posted on December 8, 2023 at 10:30 am GMT

Fed, ECB, BoE and SNB hold their final policy decisions of the year Will they push back on rate cut expectations? US CPI and flash PMIs will be crucial too UK GDP, Aussie jobs also on the agenda Fed to hold rates but will it signal big cuts? The Federal Reserve is almost certain to keep its policy rate unchanged on Wednesday as the US economy finally appears to be losing some steam and inflation is coming under control. Chair [..]

Market Comment – Yen springs higher, nonfarm payrolls coming up

Posted on December 8, 2023 at 9:21 am GMT

Japanese yen charges higher on rate hike speculation Dollar turns to US employment report – downside risks? Stock markets climb as Google rekindles AI euphoria Yen takes the elevator up The Japanese yen blasted higher on Thursday, gaining 2% against the US dollar after the Governor of the Bank of Japan provided the clearest indications yet that the era of negative interest rates is about to end. Speaking before parliament, Governor Ueda said that calibrating monetary policy will become “more [..]

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