All Articles Tagged - USDJPY

Technical Analysis – USDJPY records near 20-year high; bullish tone intact

Posted on April 13, 2022 at 3:07 pm GMT

USDJPY’s one-month rally has eased a tad on nearing the 126.38-127.18 resistance section that stretches back to the early part of March 2002. Nonetheless, the pair is sustaining a sturdy bullish bearing, something also being reflected in the advancing simple moving averages (SMAs). Presently, the Ichimoku lines are indicating a pause in upside forces beneath the resistance barrier, which extends back nearly 20-years. The short-term oscillators also are mirroring the fresh weakness in positive momentum. The MACD, far above the [..]

Yen falls apart, how likely is FX intervention? – Special Report

Posted on April 13, 2022 at 1:33 pm GMT

The Japanese yen has been demolished lately, thanks to the Bank of Japan’s reluctance to join the global tightening party. There are growing whispers that Japanese authorities are about to intervene in the FX market, but this doesn’t seem like a realistic option yet. Bulldozed The yen has taken a heavy beating lately. Central banks around the world are raising interest rates to combat inflation, yet the Bank of Japan refuses to play this game. That’s because there isn’t much [..]

US Open Note – BoC decision in the spotlight; dollar still rises

Posted on April 13, 2022 at 1:05 pm GMT

Dollar holds its bullish tone Officials at the Federal Reserve have not changed their hawkish stance. Governor Brainard commented that the Fed’s top priority is to combat inflation and it will implement a policy of neutrality “expeditiously.” Brainard also stated that Russia’s incursion into Ukraine raises inflation concerns, and if it continues, those concerns will only grow as the supply chain troubles worsen. The governor noted that, with this year’s fiscal impact, financial circumstances are already tightening, which will reduce consumption. The dollar is holding its ground, helped [..]

Daily Market Comment – Dollar wavers as inflation optimism overshadowed by Ukraine ‘dead-end’

Posted on April 13, 2022 at 9:04 am GMT

Dollar and Treasury yields see-saw after miss in US core inflation rate Euro under renewed pressure after Putin dashes hopes of peace, stocks mixed RBNZ first to hike by 50 bps, BoC likely to follow US inflation may be peaking, but risk-on tone falters quickly A glimmer of hope that the relentless rise in American consumer prices may be slowing lifted the market mood on Tuesday, sending Treasury yields lower and Wall Street higher. But the optimism didn’t last long [..]

Technical Analysis – USDJPY advances to a two-decade high in overbought zone

Posted on April 13, 2022 at 7:09 am GMT

USDJPY bulls returned on Wednesday to fight the key 125.27 – 125.85 region after a neutral day, with the price even touching an almost two-decade high of 126.00. The positive trajectory in the momentum indicators endorse the bullish action in the market, though with the RSI and the Stochastics hovering in the overbought region for a week now, a downside correction would not be a big surprise in the short term. Nevertheless, a decisive close above the 125.85 bar could confirm additional [..]

US Open Note – Dollar turns lower after CPI data; oil climbs by 4%

Posted on April 12, 2022 at 1:15 pm GMT

US CPI surpasses forecast, rising to 8.5% Interest rates in the United States continue to rise. The 10-year yield traded near a fresh cycle high of 2.83% and is on course to hit the October 2018 high of 3.26%. This has sent the dollar index beyond the 100 mark for the first time in over two years but after the CPI data, it returned near its opening level, while dollar/yen is hovering below the six-and-a-half-year high of 125.76 posted yesterday. The [..]

Daily Market Comment – Rising yields start to spook equity markets, dollar crushes rivals

Posted on April 12, 2022 at 9:19 am GMT

Stock market selloff accelerates as investors begin to panic about soaring borrowing costs Dollar climbs to new highs as yen slumps again, eyes US inflation data Oil bounces off lows after China eases Shanghai lockdown, gold attracts some bids Stocks back in the doldrums Equity markets remained in the red on Tuesday as global bond yields extended their ascent to multi-year highs, freaking out jittery investors already on edge about the dimming growth outlook following Russia’s invasion of Ukraine. The [..]

Daily Market Comment – Dollar powers ahead as US yields keep surging; central banks in focus

Posted on April 11, 2022 at 9:38 am GMT

Dollar at 2-year high as Treasuries rout deepens, puts Wall Street on backfoot ahead of earnings Euro edges up after Macron survives round 1 of election, spotlight now on ECB Chinese yuan and stocks slip amid lockdown havoc, oil can’t take the heat either US real yields approach zero, dollar shines, stocks pay the price The Fed’s latest tilt towards the far hawkish end of the dove-hawk scale continued to reverberate across markets on Monday, giving the US dollar another [..]

Technical Analysis – USDJPY’s bullish bias under the microscope

Posted on April 11, 2022 at 9:36 am GMT

USDJPY has pushed higher today, overstepping the 125.00 handle, to the more than six-and-a-half-year high of 125.10 after the three-week rally from 114.64. The pair is challenging the crucial 125.00-126.00 resistance barricade that extends back to June 2002. The climbing simple moving averages (SMAs) are endorsing the broader positive structure. Furthermore, the rising Ichimoku lines are indicating that positive forces remain activated, while the short-term oscillators are reflecting the renewal of upside momentum. The MACD, some distance above the zero [..]

US inflation: another eye-watering CPI print expected – Forex News Preview

Posted on April 8, 2022 at 1:21 pm GMT

Inflation and retail sales figures for March are the focal point for traders in the United States next week. The consumer price index (CPI) is released on Tuesday and retail sales on Thursday, both due at 12:30 GMT. The two datasets will likely reinforce expectations that the Federal Reserve will step on the brakes hard over the coming months to cool an overheating economy. But with investors already pricing in almost nine more 25-basis-point rate increases to come in 2022, [..]

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