All Articles Tagged - USDJPY

Market Comment – Has the recent market angst fizzled out?

Posted on August 12, 2024 at 8:10 am GMT

Improved market sentiment, Nasdaq 100 records weekly increase Yen holds recent strong gains as euro/dollar trades sideways today Rich data calendar this week, US CPI to dictate Fedspeak Gold and oil rally as Iran is expected to attack Israel Mood improves, yen maintains gains Despite the massively negative market sentiment at the beginning of last week, most stock indices managed to cover their weekly losses with the Nasdaq 100 actually closing in the green on a weekly basis. The Nikkei [..]

Week Ahead – US CPI to test market nerves, RBNZ might cut rates

Posted on August 9, 2024 at 10:38 am GMT

Market turmoil has eased, but will US CPI stir things up again? Crucial week for sterling as UK CPI, GDP and retail sales on the way The RBNZ is edging closer to a rate cut, but will it be next week? Japanese GDP, Australian jobs and Chinese data eyed too US economy worries take front and centre The panic about the US economy being on the verge of a recession has mostly eased but markets remain jittery. Investors see a [..]

Market Comment – BoJ Summary of Opinions reveals hawkish mood

Posted on August 8, 2024 at 8:16 am GMT

Yen pullback stopped by hawkish BoJ Summary Fed cut bets remain dovish, traders await next week’s data Tech shares drag Wall Street down again Gold rebounds, but remains well off its records Yen remains in the spotlight The yen remained in the spotlight yesterday, with dollar/yen extending its recovery by as much as 2.5% after Bank of Japan Deputy Governor Shinichi Uchida played down the chance of another rate hike soon. However, the recovery in dollar/yen was halted today as [..]

Market Comment – Yen weakens as positive market sentiment lingers

Posted on August 7, 2024 at 7:43 am GMT

Markets continue to recover led by the Nikkei 225 index BoJ comments result in yen underperformance Light calendar again today, focus on geopolitics Kiwi benefits from strong labour market data The Nikkei 225 index sets the tone for recovery The positive momentum persisted yesterday as the key US stock indices finished in the green, recovering a tad from Monday’s lows. Euro/dollar continues to drift lower at the time of writing with the 10-year US Treasury yield hovering around the 3.9% [..]

Technical Analysis – USDJPY begins a healing process

Posted on August 7, 2024 at 7:30 am GMT

USDJPY gears up after 7-month low Recent sharp sell-off looks overdone Bulls hope for a close above 146.58 to continue higher USDJPY showed signs of life on Wednesday, forcefully bouncing above the 144.57 bar that had limited Tuesday’s gains following the flash spike to 146.35. There is still a chance for sellers to reverse today’s bull run since the RSI and stochastic oscillator have not moved out of the bearish area. However, with the indicators hovering within the oversold region, [..]

Technical Analysis – USDJPY sell-off might have legs

Posted on August 6, 2024 at 1:44 pm GMT

USDJPY is in the green today after an aggressive drop The bulls are trying to achieve a small win by reclaiming 144.99 Momentum indicators highlight the uniqueness of the bearish move USDJPY is trying to record a green candle today, following an unprecedented drop of around 11% from the early July high of 161.94. USDJPY traded yesterday to the lowest level since January, but it has now recovered towards the 144.99 level. The combination of an unexpected BoJ rate hike, [..]

Market angst pushes volatility higher across the board – Volatility Watch

Posted on August 6, 2024 at 10:34 am GMT

Euro/dollar volatility skyrockets as recession fears resurface Volatility in commodities jumps as geopolitics takes centre stage Stock indices experience much stronger volatility, decoupling from Bitcoin Volatility in the main FX pairs, including euro/dollar, jumped to the highest level of the past month as fears of recession, on the back of last Friday’s weak US labour market report, resulted in the market pricing in an aggressive easing path for most central banks during 2024. Yen pairs continue to attract extra interest [..]

Will the BoJ Summary of Opinions add more fuel to the yen’s engines? – Preview

Posted on August 6, 2024 at 9:48 am GMT

Yen rallies on cocktail of developments BoJ Summary could offer more policy clarity The report will be published on Wednesday at 23:50 GMT Yen skyrockets more than 12% after intervention After hitting a 38-year low against its US counterpart on July 3, the Japanese yen entered a consolidative phase and then, on July 11, helped by an intervention episode, it staged an unprecedented recovery, with dollar/yen tumbling as much as 12.5%. The intervention episode may have prompted market participants to [..]

Weekly Technical Outlook– USDJPY, USDCAD, AUDUSD

Posted on August 5, 2024 at 12:25 pm GMT

USDJPY gives up its 2024 rally on recession fears; ISM services PMI next in focus AUDUSD sinks to 8-month low. Will the RBA policy decision come to the rescue? USDCAD loses momentum after 22-month high; Canadian employment due on Friday ISM non-manufacturing PMI –> USDJPY Market expectations shifted from a soft landing to a hard landing after a disappointing ISM manufacturing survey coupled with poor jobs figures last week made investors think that the Fed has kept interest rates [..]

Market Comment – Dollar plummets as US jobs data spread panic

Posted on August 5, 2024 at 8:10 am GMT

Disappointing US jobs data push dollar off the cliff Yen extends rally as fears over US economy mount Stocks drop, VIX rallies to levels seen more than a year ago NFP report disappoints, rate cut bets surge The US dollar plunged on Friday after the US employment report for July came in weaker than expected, raising fears about the performance of the US economy and prompting market participants to start believing that the Fed may need to cut interest rates [..]

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