All Articles Tagged - USDJPY

Weekly Technical Analysis – USDJPY, NZDUSD, EURUSD

Posted on February 20, 2023 at 1:39 pm GMT

This week the highlight will be on the Fed minutes, the first RBNZ interest rate decision of the year and the Eurozone flash PMIs, while the focus may turn on the reaction of USDJPY, NZDUSD and EURUSD. Fed minutes → USDJPY The FOMC minutes will take up most of the attention on Wednesday with Fed officials have been much more hawkish since this meeting. USDJPY is flirting with the 134.75 resistance level again and the short-term SMAs posted a bullish crossover suggesting more gains. RBNZ [..]

What does the new BoJ Governor mean for the yen? – Special Report

Posted on February 15, 2023 at 3:56 pm GMT

On February 14, the Japanese government officially nominated Kazuo Ueda for taking the helm at the Bank of Japan when Haruhiko Kuroda steps down in April. This has left investors scratching their heads to figure out whether and when the BoJ will scale back its ultra-loose monetary policy as inflation continues to creep up. What does the new Governor mean for the financial community and how might the yen perform hereafter? Kazuo Ueda set to succeed Governor Kuroda At its [..]

What does the current yield curve inversion tell us about future asset performance? – Special Report

Posted on February 15, 2023 at 2:52 pm GMT

Economists and market participants enjoy identifying indicators that, according to their analysis, reveal the future economic performance. Among the plethora of such indicators, the inverted 2-year/10-year (2s10s) US yield curve holds a special place in their hearts as it has predicted the most recent recessions. At the moment, the 2s10s US curve trades at an extremely inverted level that has been seen only twice in the past 40 years. What were the economic conditions that led up to this inversion [..]

Daily Market Comment – Mood improves ahead of US inflation data; stocks perk up, dollar slips

Posted on February 14, 2023 at 10:18 am GMT

Stocks rebound as bond yields fall back, but US inflation report poses a risk Yen firmer after Ueda confirmed as nominee for BoJ governor Pound inches higher on UK jobs data, gold finds support ahead of US CPI Equity markets fearless ahead of CPI test It’s all about the US inflation report today as the January figures (due at 13:30 GMT) will either endorse the view that disinflation is taking hold or point to a long battle ahead to contain [..]

Technical Analysis – USDJPY trapped below 133.00 as US CPI inflation looms

Posted on February 14, 2023 at 8:40 am GMT

USDJPY ran out of steam near February’s bar of 133.00 for the second time, despite Monday’s notable rebound. The 50-day simple moving average (SMA) is another struggle for the bulls slightly lower at 132.00, though there is a ray of hope that upside pressures may resume. Specifically, the upturn in the 20-day SMA is reflecting an improvement in short-term buying appetite, although a bullish cross with the 50-day SMA is still not in sight. In momentum indicators, the MACD has been [..]

Technical Analysis – USDJPY gives signs for more bullish actions

Posted on February 13, 2023 at 1:47 pm GMT

USDJPY is battling with the 50-day simple moving average (SMA) and the 132.90 resistance level, holding well above the medium-term descending channel. The RSI indicator is pointing north above the neutral threshold of 50, while the stochastic oscillator posted a bullish crossover within its %K and %D lines slightly below the overbought region. Should the pair manage to strengthen its positive momentum, the next resistance could come around 132.90 ahead of the 134.50 barrier. A break above these levels would [..]

Daily Market Comment – Stocks pinned down by CPI angst, yen skids as BoJ boost fades

Posted on February 13, 2023 at 10:17 am GMT

Stocks, yields and US rate futures fall in line with Fed’s ‘higher for longer’ message Worries about upside surprise in US CPI report weighs on mood, dollar firms Yen reverses gains as contender for BoJ chief dents hawkish expectations Markets on edge ahead of US inflation data Money markets are continuing to price in a higher terminal rate for the Fed on Monday following the robust payrolls and ISM data, as anxiety builds of a possible upside surprise in this [..]

Week Ahead – US inflation and BoJ Governor nomination in focus

Posted on February 10, 2023 at 12:30 pm GMT

An action-packed week lies ahead for FX traders. The dollar staged a recovery lately as markets priced in a higher peak for Fed rates, but whether this comeback has scope to continue will depend on the upcoming US inflation report. Over in Japan, the nation will enter a new chapter with the nomination of its next central bank chief, putting the spotlight on the yen. Yen jumps on BoJ bets The moment of truth for the yen is finally here. [..]

Daily Market Comments – Risk appetite wanes as yields keep climbing

Posted on February 10, 2023 at 10:13 am GMT

Wall Street headed for weekly losses as hawkish Fed talk pushes up yields But dollar mixed as investors await more clues on inflation Yen gains on BoJ nomination reports, oil jumps as Russia cuts output Recession fears intensify as yield inversion deepens Equity markets look set to end the week on a sour note as investors finally seem to be heeding the message from the Fed that the rate-hike cycle has some way to go following a series of hawkish [..]

Could the Japanese government surprise with the nomination of the new BoJ governor? – Special Report

Posted on February 9, 2023 at 2:10 pm GMT

The term of the 31st Governor of the Bank of Japan ends on April 8. For the past 10 years, Governor Kuroda has been spearheading the Japanese efforts to return the country to normal inflation rates and decent growth. The new BoJ Governor will face slightly improved conditions compared to 2013 when Kuroda took over, but the task remains equally daunting. Could the Japanese government hold a surprise in its nomination for the top spot or history will repeat itself [..]

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