All Articles Tagged - USDJPY

Daily Market Comment – Dollar smiles after impressive jobs data reinforces Fed bets

Posted on August 8, 2022 at 8:54 am GMT

Another blockbuster US jobs report keeps the wind in the dollar’s sails Yen and gold underperform as yields edge higher, stock markets mixed Oil prices stabilize after sharp selloff, look to US-Iran negotiations Fed bets return Despite several leading indicators warning about a loss of momentum in the US economy, the labor market is still firing on all cylinders according to the latest jobs report. Nonfarm payrolls exceeded forecasts with 528k new jobs added in July, the unemployment rate fell [..]

Daily Market Comment – Stocks drift, dollar firms as markets brace for US jobs slowdown

Posted on August 5, 2022 at 9:33 am GMT

NFP report awaited as recession risks remain front and centre Dollar inches higher ahead of the jobs data, stocks drift sideways Pound regains footing after fall from BoE’s warning of long recession Oil steadies after sliding again, gold shines as yield-curve inversion deepens Jobs report to put US economy to the test Recession jitters were abound on Friday even as markets got off to a steady start following a few wobbles along the week. PMI indicators around the world painted [..]

Technical Analysis – USDJPY gets knocked down, but uptrend still in play

Posted on August 4, 2022 at 3:32 pm GMT

USDJPY got knocked off its high horse over the last couple of weeks, slicing below its moving averages (MAs) on the four-hour chart to print a lower low around 130.40. The pair then stormed back, before encountering resistance at the crossroads of the 134.30 zone and the 50-period MA. Short-term momentum indicators like the RSI and the MACD reflect the latest bout of consolidation in the market. Both are resting near their neutral levels, providing no concrete signals about the [..]

Daily Market Comment – Wall Street bounces, shrugs off Taiwan tensions and hawkish Fed

Posted on August 4, 2022 at 9:23 am GMT

Solid earnings lift US stocks to multi-month highs despite hawkish Fed soundbites Yen slips further as markets unrattled by China flexing its military muscle over Taiwan Pound edges up ahead of expected Bank of England rate hike, dollar consolidates Earnings relief fuel equities rebound Geopolitical tensions and recession fears appear to have faded into the background for investors as shares on Wall Street staged another impressive rally on Wednesday, while safe-haven currencies retreated further. Another round of better-than-expected earnings [..]

Daily Market Comment – Fed hawks lift yields out of the doldrums, yen pauses for breath

Posted on August 3, 2022 at 9:31 am GMT

US yields jump after Fed pours cold water on notion that rate hikes are nearing end Yen rally eases, stocks mixed as Taiwan escalation seen limited after Pelosi visit Oil prices drift lower ahead of OPEC+ output decision Fed bets back on after hawkish talk Bond markets were reeling and interest rate futures were being recalibrated after Federal Reserve officials questioned the recent scaling back of rate hike expectations by investors. Following the July FOMC meeting where Powell was perceived [..]

Technical Analysis – USDJPY pivots north but don’t get excited yet

Posted on August 3, 2022 at 7:51 am GMT

USDJPY turned green after its latest sharp bearish wave paused at an almost two-month low of 130.38 on Tuesday, with the price quickly recouping Monday’s losses in the aftermath. While the RSI and the Stochastic oscillator are flagging oversold conditions as the indicators pivot northwards after tumbling to 30 and 20 respectively, there are several obstacles ahead, which could still ruin any additional bullish efforts. First, the pair remains trapped within the Ichimoku cloud for the third consecutive day and below [..]

Daily Market Comment – US-China tensions dent appetite as yields crumble, dollar creeps higher

Posted on August 2, 2022 at 9:36 am GMT

Stocks turn red amid renewed Sino-US tensions as Pelosi expected in Taiwan Yen extends winning streak, dollar also catches a bid as bond yields skid Aussie plummets after RBA decision, pound rally loses steam too as BoE eyed Threat of geopolitical flare-up dampens mood Risk sentiment took a knock on Tuesday as it emerged that the Speaker of the US House of Representatives Nancy Pelosi is on her way to Taiwan, defying China’s strong advice against visiting the disputed territory. [..]

Daily Market Comment – Dollar slips further as easing rate hike bets bolster stocks

Posted on August 1, 2022 at 9:37 am GMT

Dollar spun around by mixed data, eventually resuming its slide along with yields Tech and oil earnings stretch S&P 500’s monthly gain to 9% But some caution as weak Asian manufacturing PMIs lift yen Fed rate hike bets continue to waver The US dollar has started August on the backfoot as markets are increasingly convinced that the Federal Reserve’s rate hike days are numbered, while Wall Street has just notched up its best month since November 2020, cheered by more [..]

Daily Market Comment – Stock markets party even as US economy contracts

Posted on July 29, 2022 at 8:57 am GMT

US economy flirts with recession after second negative GDP print Bad news is good news for stock markets, solid earnings help too Yen stages sharp comeback, dollar loses some steam, gold bounces Don’t call it recession The United States is teetering on the edge of a recession after the economy shrank for a second consecutive quarter, adding another headache for Federal Reserve officials in their fight against roaring inflation. Dissecting the GDP report, the silver lining was that much of [..]

Technical Analysis – USDJPY awaits Fed decision for a possible boost

Posted on July 27, 2022 at 12:52 pm GMT

USDJPY gained support at the 135.55 barrier, which is located near the medium-term ascending trend line. Despite this, the currency pair is still moving with sluggish momentum around the 20-day simple moving average (SMA). The price continues to trade closely with the Ichimoku lines, an area that has shown to be a difficult obstacle to overcome over the past few months. As a result, the trend signals continue to be unsettling. In terms of the market’s momentum, there is a growing sense [..]

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