All Articles Tagged - USDJPY

Technical Analysis – USDJPY moves with weak momentum around 20-day SMA

Posted on July 27, 2022 at 6:53 am GMT

USDJPY found support at the 135.55 barrier, which holds near the medium-term ascending trend line but is still moving with weak momentum around the 20-day simple moving average (SMA). Trend signals remain daunting as the price continues to trade near the Ichimoku lines, which proved to be a tough resistance area to overcome over the last couple of months. As regards the market momentum, some optimism seems to be building over an upside move as the RSI has paused its [..]

Fed to likely hike by 75 bps but may still weigh 100-bps option – Forex News Preview

Posted on July 25, 2022 at 2:41 pm GMT

The Federal Reserve is almost certain to raise interest rates for a fourth time on Wednesday when it announces its decision at 18:00 GMT. A 75 basis-point hike is the likely scenario, but several investors are bracing for a possible bigger 100-bps increase, having been wrongfooted by central banks one too many times lately. Even if the Fed steers clear of surprises this time, Chair Jerome Powell’s press briefing 30 minutes later will be scanned for hints as to what [..]

Week Ahead – Fed to raise rates, Italy in political turmoil

Posted on July 22, 2022 at 11:26 am GMT

All eyes will be on the Federal Reserve meeting next week. A triple-barreled rate increase is essentially locked in, so traders will put more emphasis on Powell’s commentary and the upcoming GDP report that will reveal whether America is in a technical recession. Over in Europe, there’s another round of inflation data coming up, although the euro might care more about the unfolding political crisis in Italy. Summer Fed hike There has been a tremendous shift in global markets recently. [..]

Technical Analysis – USDJPY is back to positive mode near 24-year peak

Posted on July 21, 2022 at 12:21 pm GMT

USDJPY is moving higher after it posted a bullish doji candle in the previous days which may be a hint of further positive moves to come. The market’s technical indicators are confirming the bullish mode. The RSI is advancing towards the overbought region, while the stochastic is looking ready for a bullish cross within its %K and %D lines. After a minor downside correction, the bullish activity may stall near the 24-year high of 139.35 before the 140.00 psychological level. [..]

Daily Market Comment – Euro edges up on Nord Stream relief, awaits ECB outcome

Posted on July 21, 2022 at 9:04 am GMT

Euro buoyed as gas flows resume ahead of ECB decision, but turmoil in Italy Earnings lift S&P 500 to 6-week high but stocks mixed today Gold slumps to one-year low as it loses out to rising rates, bullish dollar All eyes on size of ECB rate hike and new bond tool The euro is clawing higher ahead of the European Central Bank’s widely anticipated interest rate rise – the first in 11 years – later today. There is some uncertainty [..]

Technical Analysis – USDJPY moves slightly up after bullish doji candle

Posted on July 20, 2022 at 7:05 am GMT

USDJPY posted a bullish doji candle yesterday and maybe is a sign for further bullish actions after two consecutive red days. However, the technical indicators are endorsing an opposite scenario. The RSI is flattening near its overbought territory, while the stochastic pulled back from the 80 level and created a bearish crossover within its %K and %D lines. If the market corrects higher, the bullish action may pause initially near the 24-year high of 139.35 ahead of the 140.00 psychological [..]

Will the Bank of Japan tweak its policy after yen’s freefall? – Forex News Preview

Posted on July 19, 2022 at 11:50 am GMT

Investors will have their eyes on the Bank of Japan during Thursday’s policy meeting as the yen keeps melting while the inflation peak is nowhere in sight yet, making everyone wonder how long the central bank will remain an outlier. Besides a tweak in quarterly projections, however, policymakers may not move the needle, maintaining a super accommodative policy once again, and therefore leaving the yen under the US dollar’s command. BoJ remains the dovish outlier The freefall in the yen [..]

Daily Market Comment – Stocks falter as Apple weighs but dollar remains soft, euro rallies

Posted on July 19, 2022 at 8:45 am GMT

Equity rebound stumbles as Apple dents optimism ahead of tech earnings Euro rebound gains traction on ECB sources as gas flow resumption awaited Dollar stays on the backfoot, aussie jumps on hawkish RBA minutes Wall Street looking shaky again amid uncertainties Market sentiment remained broadly positive on Tuesday but there was a greater sense of cautiousness amid worries about the earnings outlook, ongoing recession fears and some apprehension ahead of the policy decisions by the European Central Bank and Bank [..]

Week Ahead – Pressure mounts on ECB and BoJ after latest dollar surge

Posted on July 15, 2022 at 11:45 am GMT

After another sizzling-hot inflation report out of the United States, the European Central Bank and Bank of Japan will meet against the worrisome setting of their currencies plunging. The former is expected to launch its tightening cycle, but the latter may make a surprise policy move even though it has not signalled any action. It’s looking to be an eventful week on the data front as well, as the flash PMI estimates for July and inflation numbers are due in [..]

Daily Market Comment – US inflation bombshell sends shockwaves through markets

Posted on July 14, 2022 at 9:19 am GMT

US inflation comes in hotter than expected, putting 100bp Fed hike into play Yen resumes its downtrend ahead of next week’s Bank of Japan meeting Euro/dollar holds parity, BoC delivers king-sized hike, earnings season begins Fed playbook gets redrawn Another scorching hot inflation reading from the US unleashed havoc yesterday, sending traders scrambling to recalibrate the trajectory for interest rates. Inflation as measured by the CPI accelerated to 9.1% in yearly terms, the fastest pace in four decades. Most concerning [..]

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