All Articles Tagged - USDJPY

Daily Comment – Equities weakness lingers as focus remains on US data

Posted on September 5, 2024 at 7:39 am GMT

Equities remain on the back foot as key US data on the menu today ADP, jobless claims and ISM Services could prove market moving Dollar’s mixed performance continues, yen benefits OPEC+ production rumours fail to push oil prices higher US data releases in the spotlight Equity markets continue to exhibit a rather unexpected fragility as second tier data like Wednesday’s JOLTs job openings resulted in another negative session in most stock indices around the globe. This market behaviour is a [..]

Stocks could suffer after the September Fed rate cut – Special Report

Posted on September 4, 2024 at 2:20 pm GMT

US labour market data to determine the size of the first Fed rate cut History points to an increased possibility of a 50bps move Analysis reveals sizeable equities’ weakness after the initial cut Following Fed Chairman Powell’s appearance at the Jackson Hole Symposium and this indirect announcement of the much-discussed Fed rate cut, the market is counting down to the September 18 meeting. This week’s labour market data could play a role in the size of this rate move with [..]

Technical Analysis – USDJPY slips beneath 145.00

Posted on September 4, 2024 at 11:45 am GMT

USDJPY holds in neutral-to-bearish territory Momentum oscillators are mixed USDJPY is retreating from the 147.15 resistance level and the 145.00 round number, holding beneath the 23.6% Fibonacci retracement level of the down leg from 161.94 to 141.60 at 147.15 and the 20-day simple moving average (SMA) at 146.00. The technical oscillators suggest contradictory signs. The MACD is trying to recover above its trigger line in the negative region; however, the RSI is still pointing down below the neutral threshold of [..]

Daily Comment – Wall Street tumbles amid September blues

Posted on September 4, 2024 at 8:36 am GMT

Yen and franc gain, aussie the main loser Wall Street tumbles on risk-off September start ISM mfg. PMI rekindles economic concerns Oil collapses on prospect of Libyan accord Risk aversion prevails The US dollar outperformed most of its major counterparts on Tuesday, losing ground only versus the traditional safe havens such as the yen and the franc. The biggest loser was the commodity-linked aussie. The strengthening of the safe havens and the weakening of the risk-linked currencies suggests that risk [..]

Technical Analysis – USDJPY trapped in a gloomy trajectory

Posted on September 4, 2024 at 8:15 am GMT

USDJPY drifts back below 147.00 area; tests support trendline Technical picture signals bearish trend continuation USDJPY was unable to maintain its strength on Tuesday despite briefly surpassing the 147.00 level, as the 20-day exponential moving average (EMA) caused a retreat towards the support trendline from July 2023 at 144.75. The technical indicators cannot guarantee an immediate bullish rotation as the RSI has changed direction to the downside before reaching its 50 neutral mark and the stochastic oscillator has posted a negative cross near [..]

Volatility eases across the board ahead of key US data – Volatility Watch

Posted on September 3, 2024 at 9:46 am GMT

Euro/dollar volatility drops as market prepares for an action-packed week Volatility in commodities crashes to new lows apart from oil Stock indices and bitcoin experience much lower volatility Volatility in the main FX pairs, including euro/dollar, has eased in the past few days as the market is preparing for this week’s US labour market data releases that could play a key role in determining the size of the imminent rate cut by the Fed. Similarly, yen pairs are experiencing lower volatility as the [..]

Weekly Technical Outlook – USDJPY, USDCAD, AUDUSD

Posted on September 2, 2024 at 1:12 pm GMT

USDJPY aims to break above 20-SMA ahead of the NFP report. Will it be successful this time? USDCAD stops at 5-month low as the focus turns to the BoC rate decision AUDUSD hangs near 8-month high; Australian GDP is on the calendar Nonfarm payrolls, ISM PMIs –> USDJPY USDJPY is looking for fresh buying as it is still striving for a close above the 20-day simple moving average (SMA) and beyond the 146.00 number. The next market mover could [..]

Technical Analysis – USDJPY in bullish mode in very short-term

Posted on September 2, 2024 at 9:56 am GMT

USDJPY rises above downtrend line MACD stands well above its trigger line 20- and 50-period SMAs post bullish cross USDJPY advanced considerably in the previous 4-hour session, surpassing the 146.50 barricade. Also, the 20- and 50-period simple moving averages (SMAs) posted a bullish crossover, and the technical oscillators are holding well above their mid-levels. The MACD oscillator currently stands above its trigger and zero lines, strengthening its positive momentum, while the RSI is flattening near the 70 level. Immediate resistance could come from [..]

Technical Analysis – USDJPY heads up, but for how long?

Posted on August 30, 2024 at 9:49 am GMT

USDJPY rebounds off 143.40 Remains well below the 200-day SMA Momentum oscillators move higher USDJPY is rising somewhat after the bounce off the 143.40 support level, which failed several times to have a closing session beneath it. The MACD oscillator climbed above its trigger line in the negative region, while the RSI is pointing slightly up beneath the neutral threshold of 50. If the bulls continue to have control, then immediate resistance could come from the 20-day SMA at 145.90, [..]

Daily Comment – Dollar edges up ahead of PCE inflation as stocks drift

Posted on August 30, 2024 at 9:10 am GMT

All eyes on US core PCE and consumption as bets for 50-bps cut stall Dollar headed for weekly gains but Nasdaq has disappointing week Euro on the backfoot as soft Eurozone CPI cements September cut Big Tech woes weigh on Wall Street The US dollar looks set to pare its monthly losses as it heads for its first weekly gain since mid-July amid more evidence that the US economy is humming along nicely. The same cannot be said for stocks [..]

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