All Articles Tagged - USDJPY

Daily Market Comment – Dollar softer after spike as Fed rate hike bets recede further

Posted on July 4, 2022 at 9:04 am GMT

Markets steadier despite recession signs as Fed tightening bets scaled back Dollar edges down while lower yields shore up Wall Street Aussie leads the gainers ahead of expected RBA rate hike A fragile calm amid recession red flags Trading got off to a relatively calmer start on Monday, with the US dollar backing away from more than two-week highs and global equities moving higher on the back of Wall Street’s gains on Friday. European government debt was under slight pressure [..]

Daily Market Comment – Yen enjoys some relief as oil prices cool off

Posted on July 1, 2022 at 8:38 am GMT

Yen bounces back as growth concerns pressure crude oil and yields New quarter but investors still defensive – stocks, aussie, kiwi down Striking part is that gold cannot capitalize, hits six-week low instead Yen reprieve The new quarter has not changed much in global markets. Growth concerns are still the name of the game, keeping riskier assets under heavy pressure and pushing market participants towards defensive plays. Stock markets are a sea of red in every region, trade-sensitive currencies such [..]

Technical Analysis – USDJPY aims for an uptrend resumption; caution detected

Posted on June 29, 2022 at 11:44 am GMT

USDJPY managed to gain fresh buying traction around the resistance-turned-support area of 134.42 last week, with the price currently looking to extend its broad uptrend above the 20-year high of 136.70. Although the clear positive slope in the simple moving averages (SMAs) is still backing the bullish direction in the market, the momentum indicators warrant some caution over the strength in the market. The RSI, although above its June lows, has marked a new lower high after peaking in an [..]

Daily Market Comment – Dollar advances, stocks roll over as growth worries return

Posted on June 29, 2022 at 9:00 am GMT

Traders play some defense after US consumer confidence disappoints Dollar dominates, franc shines, tech stocks back under selling pressure German inflation stats and speeches by Fed, ECB, and BoE leaders today Royal flush Growth concerns returned to haunt global markets yesterday after the US consumer confidence index fell short of expectations, adding credence to the view that economic momentum is evaporating as the cost of living crisis bites. Some disappointing regional manufacturing surveys underscored the same point. Recession watchers have [..]

Daily Market Comment – Oil prices edge higher on capacity concerns, yen retreats

Posted on June 28, 2022 at 8:46 am GMT

Reports that Middle East producers are tapped out boost oil prices Yen back under pressure – is the downtrend close to its conclusion? Wall Street loses some altitude, ECB forum in the spotlight Crude recovers Oil prices edged higher for a third session on Tuesday, following reports that major producers such as the United Arab Emirates and Saudi Arabia are either completely tapped out or have little spare capacity to boost output. Coming hot on the heels of social unrest [..]

Technical Analysis – USDJPY fails to unlock new high; looks overbought

Posted on June 27, 2022 at 1:18 pm GMT

USDJPY has been showing some overbought sings in the daily timeframe over the last few sessions, as the MACD oscillator is losing momentum after the aggressive move above its zero line and trigger lines. However, the RSI indicator is still ticking slightly higher in positive region and the price is remaining well above its uptrend line. On the upside, the price could attempt to overcome the 24-year high of 136.70, which, if successfully broken, could open the door for the 140.00 psychological [..]

Week Ahead – Energy politics and a barrage of data releases

Posted on June 24, 2022 at 11:27 am GMT

There are no central bank meetings next week but there is an avalanche of economic data from America, Europe, and Japan to keep traders entertained. Politics will also be in the spotlight with a G7 meeting over the weekend. Global leaders are expected to outline steps to stabilize energy markets, which could have tremendous implications for central banks. Politicians scramble The spike in energy prices and their impact on consumers has turned into the most important political issue across the [..]

Daily Market Comment – Dollar stalls, stocks given a lifeline as rate hike bets scaled back

Posted on June 24, 2022 at 9:21 am GMT

European and US PMI data underscore recession risks, dampen price outlook Falling commodity prices add to reduced inflation expectations Investors go back to the drawing board for central bank rate hike paths Stocks rejoice as yields slip too, but dollar consolidates Recession risks loom large Speculation that the major economies in Europe and America are on the verge of tipping into a recession continues to intensify as the flash PMI reports for June have provided fresh evidence that growth is [..]

Will Japan’s CPI inflation data move the yen? – Forex News Preview

Posted on June 23, 2022 at 2:34 pm GMT

The Bank of Japan has been the black sheep of all central banks, rigidly denying abandoning its ultra-easy monetary policy even if the long-sought inflation pressures have finally showed up in the economy. Investors, however, are less patient than the BoJ, and have already started to bet against it, making Friday’s inflation figures quite important to watch. Expectations are for the core CPI rate to hold steady and although the safe-haven yen is well known about its passive reaction to data releases, any deviations may find yen traders [..]

Daily Market Comment – Powell does little to ease recession concerns but selloff eases

Posted on June 23, 2022 at 9:14 am GMT

Powell talks inflation and recession but Wall Street holds its nerve Flash PMIs underscore recession risks, euro and pound slip Oil extends losses as outlook weighs, investors question supply tightness Powell sticks to the script, mentions the ‘R’ word Fed Chair Jerome Powell largely stuck to familiar language in his semi-annual testimony before the Senate Banking Committee on Wednesday, repeating his message that the Fed is “strongly committed” to bringing inflation down. Most market participants expect the Fed to hike [..]

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