All Articles Tagged - USDJPY

Will BoJ raise rates at this policy meeting? – Preview

Posted on July 29, 2024 at 9:35 am GMT

BoJ may shake the market with a rate hike The bank plans to unveil a strategy to roughly halve bond Yen recoups some losses with notable bullish correction Decision is due on Wednesday at 03:00 GMT Will BoJ hike rates on Wednesday? At its next meeting, the Bank of Japan (BoJ), one of the most important central banks in the world, will make an extremely significant decision about interest rates. The world economy is already having a difficult time due to [..]

Market Comment – Yen on the front foot as BoJ hike eyed; stocks stage a recovery

Posted on July 29, 2024 at 9:00 am GMT

Yen looks to extend gains as BoJ set to press ahead with policy normalization Wall Street bounces back on hopes of upbeat tech earnings, Fed rate cut signal Gold and oil in tepid rebound despite heightened tensions in Middle East BoJ to kick off trio of central bank meetings The Japanese yen edged higher on Monday as investors anticipate the Bank of Japan to take the next steps in its policy normalization plans when it announces its latest decision on [..]

Week Ahead – BoJ, Fed and BoE meetings: a hike, a hold and a cut?

Posted on July 26, 2024 at 12:07 pm GMT

A trio of central bank decisions coming up from the BoJ, Fed and BoE One might hike, one might stand pat and the other cut rates ECB to also be in focus as Eurozone flash GDP and CPI data are due Week will culminate with crucial US jobs report BoJ expected to taper; will it hike too? The Bank of Japan has barely left the headlines lately. Whether it’s speculation about rate hikes, the constant hints about bond tapering or [..]

Market Comment – Dollar trims losses against yen, core PCE on tap

Posted on July 26, 2024 at 8:23 am GMT

Dollar/yen rebounds after US GDP data Core PCE the next test for Fed rate cut bets Yen rally losing steam ahead of BoJ next week Wall Street extends slide, more earnings awaited GDP data adds fuel to dollar’s engines The dollar traded higher against most of its major counterparts on Thursday, trimming losses against the yen and extending its rally versus the wounded aussie, kiwi and Loonie. What may have allowed the greenback to recover some of the recently lost [..]

What to expect from markets in the run up to US elections? – Special Report

Posted on July 25, 2024 at 12:56 pm GMT

Presidential race dominates headlines and complicates Fed’s job Equities suffered in the two months leading up to the last six presidential elections Market’s performance in the 2016 pre-election period could be a useful guide Dollar strengthened in 2016 but equities were under pressure Significant developments in the race lately The recent gun attack against Donald Trump and US President Biden’s candidacy withdrawal last weekend have raised even more the profile of the November presidential election. As a result, the market [..]

Technical Analysis – USDJPY plunges towards 200-day SMA

Posted on July 25, 2024 at 12:30 pm GMT

USDJPY hits lowest since May Immediate support at 200-day SMA Technical oscillators indicate more losses USDJPY has been declining considerably after the pullback from the 50-day simple moving average (SMA) at 157.90, sending the markets towards a fresh almost two-month low near the 200-day SMA. The losses over the past four sessions have reached 3.8%, taking the price well below its uptrend line. The technical oscillators are endorsing this bearish view. The stochastics have slipped below the 20 level, while the RSI has crossed into oversold territory. Immediate support [..]

Midweek Technical Look – USDJPY, GBPUSD, EURGBP

Posted on July 25, 2024 at 12:29 pm GMT

USDJPY confirms bearish trend reversal after brutal decline; key support nearby GBPUSD escapes broad sell-off with little injuries, but downside risks remain EURGBP set the ground for a bullish pivot within bearish channel [..]

Technical Analysis – USDJPY edges lower near 2-month low

Posted on July 24, 2024 at 9:03 am GMT

USDJPY holds beneath diagonal line Stochastics and RSI suggest more bearish moves USDJPY tumbled to a new two-month low of 154.50 following a significant pullback from the long-term ascending trend line and the 50-day simple moving average (SMA) near 157.90. The stochastic oscillator created a bearish crossover, diving to just above the oversold region, while the RSI is also pointing downwards near the 30 level. Further losses may drive the pair towards the 38.2% Fibonacci retracement level of the up leg from 140.20 to 161.94 at 153.65, [..]

Market Comment – Dollar remains strong ahead of key data, yen surges

Posted on July 24, 2024 at 8:22 am GMT

Dollar keeps marching north, PMIs on tap Yen extends rally as traders unwind carry trades Aussi and kiwi slide on China concerns, loonie awaits BoC Stocks trade in the red, tech earnings in the spotlight Traders continue to buy the US dollar The dollar traded higher against all but one of its major peers on Tuesday and continued to do so today. The exception was the Japanese yen. With Fed fund futures suggesting little change in market expectations about the [..]

Heightened volatility across all asset classes – Volatility Watch

Posted on July 23, 2024 at 8:56 am GMT

• Yen crosses are volatile as they retreat from multi-year highs • Volatility in oil and gold surges, Bitcoin follows suit • US equities exhibit higher volatility amid correction fears The euro and dollar pairs maintain low volatility ahead of the US PCE release on Friday and a quiet week on the European data front. On the flipside, volatility in yen crosses has increased considerably as the pairs have been extending their latest pullbacks from multi-year highs. In the meantime, [..]

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