All Articles Tagged - USDJPY

Technical Analysis – USDJPY awaits uptrend resumption

Posted on September 19, 2022 at 9:51 am GMT

USDJPY pivoted gently to the upside early on Monday after sliding marginally below the 143.00 round level. The support area coincides with the surface of the Ichimoku cloud in the four-hour chart and a broken ascending line drawn from the 2020 March lows, which looks to be part of a bullish ascending triangle. The bullish triangle is flagging a trend continuation, but the bulls will need to rally above the 144.95 ceiling to confirm it. Traders will also monitor whether the latest bearish cross between the [..]

Daily Market Comment – Dollar reigns as big week for central banks kicks off

Posted on September 19, 2022 at 9:22 am GMT

Dollar starts Fed week on the front foot amid elevated rate hike expectations Bank of England and Swiss National Bank also poised to deliver large hikes Yen stays subdued as Bank of Japan not expected to join in Overtightening fears weigh on stocks, oil and gold slip too Markets brace for more tightening, led by Fed Trading got off to a cautious start on Monday, with equities still reeling from last week’s brutal selloff, while the US dollar kept advancing [..]

Week Ahead – Trouble spews for yen as Fed, BoE and SNB to hike, put spotlight on BoJ

Posted on September 16, 2022 at 11:37 am GMT

A crucial week is coming up for the markets as no less than four central banks are scheduled to announce their latest monetary policy decisions. There is a strong possibility of a 75-basis-point rate hike from the Federal Reserve, Bank of England, as well as the Swiss National Bank. The Bank of Japan, though, is expected to buck the trend, leaving the yen at the mercy of its rivals. However, the flash PMI estimates for September will be important too [..]

Daily Market Comment – Yen defies intervention warnings, gold loses its shine

Posted on September 15, 2022 at 8:42 am GMT

Threats of FX intervention don’t do much to boost the yen Currency pairs trapped in narrow ranges, stocks lick wounds Gold under heavy pressure, US retail sales coming up next Yen dismisses intervention The battle for the yen continues to rage in the FX arena, with Japanese officials using every trick at their disposal to stabilize the devastated currency. A double salvo from the government and the Bank of Japan yesterday saw intervention threats being dialed up, which stopped the [..]

Technical Analysis – USDJPY consolidates below the 24-year high

Posted on September 14, 2022 at 1:00 pm GMT

USDJPY pulled back from the 24-year high around the 145.00 round number and had been consolidating below that level over the last few days. Despite the bullish crossover within the 20- and 50-day simple moving averages (SMAs), the technical oscillators are weakening. The stochastic is heading south, while the MACD is losing its positive momentum below its trigger line. If prices continue to move lower, support should come from the 20-day SMA near the 139.90 level. A drop below the 139.35 [..]

Daily Market Comment – US inflation surprise pummels stocks, boosts dollar

Posted on September 14, 2022 at 8:16 am GMT

US inflation comes in hot, fueling bets of a more forceful Fed Stock markets tank, dollar fires up as terminal rates increase Yen finds some support after Japan threatens FX intervention Inflation shock Hopes that the Federal Reserve is about to ease off the brakes got crushed yesterday under the boot of another shockingly hot US inflation report, sending shockwaves across global markets. Consumer prices defied forecasts for a monthly decline and instead rose in August, keeping the yearly rate [..]

Technical Analysis – USDJPY touches 24-year high as bullish forces persist

Posted on September 14, 2022 at 7:23 am GMT

USDJPY has been in a prolonged uptrend since early March, crossing forcefully above both its 50- and 200-day simple moving averages (SMAs) and generating consecutive fresh highs. Moreover, despite the recent consolidation, the positive tone appears to be strengthening in the near term as the pair has edged higher again to challenge its recent 24-year high of 144.98. The momentum indicators currently suggest that bullish forces have gained total control. Specifically, the stochastic oscillator is set to post a bullish crossover, while [..]

Daily Market Comment – Hopes of softer inflation report lift Wall Street, hurt dollar

Posted on September 13, 2022 at 9:14 am GMT

Investors bet that August CPI data will confirm inflation has peaked in the US Wall Street rallies for a fourth day, dollar selloff accelerates Euro and pound maintain positive momentum despite doubts over energy plans Market optimism ahead of US CPI Risky assets were either extending or holding onto their gains on Tuesday as investors awaited the latest inflation report out of the United States due at 12:30 GMT. After last month’s bigger-than-expected drop in the annual CPI rate to [..]

Technical Analysis – USDJPY corrects lower but stays in broader uptrend

Posted on September 12, 2022 at 12:30 pm GMT

USDJPY traded higher today, after hitting support at 141.45. However, the recovery remained limited slightly above the 143.30 level, marked by the inside swing low of September 8. Despite the pair being in a corrective phase since September 7, when it hit 145.00, it is still trading above all the plotted moving averages and the uptrend line drawn from the low of August 11, which keeps the bigger picture positive. The RSI and the MACD support the notion for some [..]

US inflation could slow again in August but not enough to appease the Fed – Forex News Preview

Posted on September 12, 2022 at 11:58 am GMT

The latest CPI inflation data will be scrutinized on Tuesday (12:30 GMT) as it will be the last before the Fed’s September policy meeting. Last month’s report offered the first hope in months that price pressures have started to abate, but Fed policymakers were quick to dash expectations that this would equate to an immediate shift in policy towards a more dovish path. Another consideration for the Fed will be Thursday’s retail sales figures as the series of rate hikes [..]

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