All Articles Tagged - USDJPY

Technical Analysis – USDJPY rebounds after brief bearish episode

Posted on October 24, 2023 at 11:09 am GMT

USDJPY skids, slipping below moving averages in 4-hour chart But selloff is already fading and rebound underway Bigger picture remains neutral USDJPY came under selling pressure during the past 24 hours, slipping to a one-week low of 149.31 earlier in today’s session. However, not only does the pair remain within its recent tight trading range, but also, the negative momentum appears to be receding. After repeated failed knocks at the 150-door, USDJPY took a tumble, slipping below both the 20- [..]

Weekly Technical Outlook – EURUSD, USDJPY, USDCAD

Posted on October 23, 2023 at 1:10 pm GMT

EUR/USD in neutral zone ahead of ECB policy announcement USD/CAD needs more upside as BoC rate decision looms USDJPY at a critical resistance territory; bunch of US data due ECB policy meeting –> EUR/USD EURUSD is stuck in a sideways trend above its 10-month low, but there is hope for a bullish reversal as the European Central Bank comes into public’s attention this week. Policymakers will gather in Athens on their annual getaway from Frankfurt to decide on interest rates [..]

Market Comment – Stocks suffer collateral damage as yields blast higher

Posted on October 23, 2023 at 9:01 am GMT

Stock markets get kneecapped by relentless rally in US yields Gold and oil prices lose steam amid lack of geopolitical escalation Euro/dollar stable ahead of key events, yen ignores BoJ reports Stocks get bruised The shockwaves from the seismic rally in US bond yields have started to cause tremors in the stock market. Shares on Wall Street fell sharply last week as a mixture of geopolitical concerns and the meteoric rise in US yields dampened risk appetite, sending investors scrambling [..]

Market Comment – Gold and oil keep rising as Israel-Gaza conflict shows no sign of easing

Posted on October 20, 2023 at 9:23 am GMT

Possibility of weekend escalation in Middle East propels gold and oil higher Powell remarks provide only modest respite to bond selloff, dollar holds steady Stocks continue to struggle as uncertainties rise, Powell keeps rate hike option Simmering tensions keep markets on edge The ongoing conflict in the Middle East continued to weigh on market sentiment on Friday as investors were on alert for a possible escalation over the weekend. With reports suggesting that a ground offensive by Israel into the [..]

Technical Analysis – USDJPY bears on the lookout for a sell-off

Posted on October 18, 2023 at 2:45 pm GMT

USDJPY edges lower as geopolitical events monopolize market sentiment Calmer sessions recently but there is still high risk of intervention Momentum indicators continue to send mixed signals USDJPY is recording a negative session today as market participants’ attention is mostly on the geopolitical front and the increased risk of another oil price rally. USDJPY has been experiencing quieter sessions lately, but the intervention threat remains at large as the pair is still hovering a tad below the 150 threshold. With today’s [..]

Technical Analysis – USDJPY bears could be preparing for a downleg

Posted on October 18, 2023 at 7:26 am GMT

USDJPY edges lower as market focuses on geopolitical events Quieter sessions lately but risk of intervention remains at large Momentum indicators continue to send mixed signals USDJPY is in the red today as market participants’ attention is monopolized by geopolitical developments and the increased risk of another oil price rally. The pair is experiencing a period of relative calm, but the intervention threat remains as USDJPY continues to trade a tad below the 150 assumed threshold. With today’s candle nicknamed the [..]

Market Comment – Gold and oil surge as Middle East conflict intensifies

Posted on October 16, 2023 at 8:43 am GMT

Gold surges as Israel carries ground operations inside Gaza Geopolitics and Harker weigh on Fed rate hike expectations Oil rallies as fears of supply disruptions due to the war heighten S&P 500 and Nasdaq slip as geopolitics offset strong earnings results Gold shines as Israel-Hamas tensions flare up Gold surged more than 3% on Friday as the escalating conflict between Israel and Hamas forced market participants to seek safety. On Friday, Israel’s infantry carried out raids inside the Gaza Strip, [..]

Technical Analysis – USDJPY sits on support ahead of US CPI data

Posted on October 12, 2023 at 8:01 am GMT

USDJPY keeps its footing on 20-day SMA at 148.75 Broad uptrend intact, but technical signals warrant some caution USDJPY remains range-bound around its 20-day simple moving average (SMA) for the sixth consecutive trading day as investors eagerly wait for September’s US CPI inflation report due at 12:30 GMT. Despite the resilience in the price, the RSI and the MACD cannot warrant a bullish reversal. The former, although above 50, keeps trending southwards, while the latter is also decelerating below its red signal line. [..]

Technical Analysis – Quieter USDJPY but bulls still in the game

Posted on October 10, 2023 at 1:16 pm GMT

USDJPY edges higher as market is focusing elsewhere A sense of calm after last Tuesday’s tumultuous session Momentum indicators sending mixed signals USDJPY is in the green today as market participants have turned their focus on geopolitical developments. This relative calmness comes after last Tuesday’s turbulent session that was assumed to be the result of intervention from the Japanese authorities. With USDJPY remaining a tad below the 150 level, the intervention threat remains at large. In the meantime, the momentum indicators are portraying [..]

Market Comment – Yields slide as Fed tones down hawkish talk, stocks shrug off ME flareup

Posted on October 10, 2023 at 9:31 am GMT

Higher yields prompt a rethink at the Fed as policymakers turn cautious But less hawkish tone pushes yields lower, boosting equities Ongoing tensions in Middle East further pressure yields, keep gold supported Oil slips slightly while dollar braces for more Fed speak, CPI data Fed has second thoughts about additional tightening As markets wait anxiously to see how far the latest conflict between Israel and Hamas will escalate, Fed policymakers provided some soothing words to jittery investors already caught wrong [..]

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