The Japanese yen is in positive territory on Friday. In the European session, USD/JPY is trading at 129.76, down 0.33%. Inflation indicators in Japan continue to head northwards. Tokyo Core CPI rose to 4.3% y/y in January, up from 3.9% in December and ahead of the consensus of 4.2%. This is the highest level in 42 years, but what is more worrying for the Bank of...
Overnight implied volatility has risen sharply higher for yen pairs ahead of tomorrow’s Bank of Japan (BOJ) meeting. In fact, they now sit at their highest level since Brexit, which saw some yen pairs produce double-digit percentages moves (to the favour of the yen) following the infamous vote. Why are traders on edge ahead of tomorrow’s BOJ meeting? The BOJ...
The Japanese yen has been on an impressive streak but has dropped sharply on Monday. USD/JPY is trading at 135.83, up 1.13% on the day. The US dollar is showing some signs of life, courtesy of Friday's US employment report, which was stronger than expected. The economy created 263,000 jobs in November, slightly lower than the October reading of 284,000 but well...
Hello there! So after the Q3, and the decisions that has been taken by the BOJ concerning the interest rate, in addition to the 0.4% rise in the CPI. As well as the decrease in the DXY during the last month -4.79% and in the last 5 days a decrease that resulted -3.13%. Those factors alone can picture the path of the USDJPY. Going now into the technical part, too...
USD/JPY has been hovering close to the 145 line most of the week, and the trend has continued today. In the European session, USD/JPY is trading at 144.81, down 0.21%. The US releases nonfarm payrolls later today. The release once received massive coverage and was usually a market-move, but the new era of high inflation and global tightening has stolen much of...
It seems stupid to trade against the dollar right now, huh? Well, I think there is potentially a good early shorting opportunity against the Yen. This is why... The Fundamental View 1. The BOJ intervened in the Forex markets on Thursday 22nd September. This is just the start. I understand that the BOJ are doing this by themselves (without the support of the...
The Japanese yen is in negative territory today. USD/JPY is trading at 136.90 in the European session, up 0.34%. It has been a relatively quiet week for the yen, which is trading exactly where it started the week, around the 137 line. The month of August has not been kind to the yen, with USD/JPY soaring 2.75%. The US dollar is again in favor as the markets have...
The Japanese yen rose to 133 against the dollar ( USD/JPY ), recovering from its 24-year lows. Short-term tailwinds are supporting the yen as the market has repriced Fed interest rate risks to the downside and has already priced in a rate cut in the first half of 2023. The yen is currently doing well in its traditional role as a recession hedge, with the US...
The EURO now sits under 138.000 on the exchange rate, a key resistance level that will now surely break after European Inflation hit 8.1% for the month of April 2022, igniting the debate about whether the ECB should be raising rates at 0.50% increments instead of 0.25% increments as signaled by Christian Legard. With European Bond Yields climbing and paying a...
GBPJPY M30 Lower timeframe analysis here, but please refer to the video analysis above for more detail. We are climbing comfortably on the break and retest play. YEN softening due to BOJ projections and outlook. ***YEN gaining across the board.
Will be entering an Initial Short Position now and will be entering a Deeper Position if after the Bank of Japan releases their minutes tonight we don't see a sudden decline in the JPY to invalidate the pattern.
USD/JPY consolidates the biggest daily gains in 12 days, recently off intraday low. That happened after BOJ Minutes unveiled a conversation on the impacts of the weak yen on the Japanese economy, a few members backed ultra-easy policies. While discussing the impacts of the weaker yen on the economy, a few of the BOJ policymakers backed ultra-easy measures citing...
Hello Traders, USDJPY ready to retrace back for creating an opportunity to seek new highs before Bank of Japan's interest rate decision. 4H chart formed a H&S pattern and the target is 112-112.30 area. I am going to watch the triangle trendline to be broken down and open my position regarding to that. Trade safe and stay safe! Likes and comments are...
For tomorrow, at 2 a.m. in the New York Time, Japan have a meeting by the Japan Central Bank to know the Japan's monetary policy. It's important to know how is the situation based in the interest rates in the Japan. I believe that this par could to produce a sell-off of US Dollar, maybe, I did open up the short position of the par because we hope a good news of...
THE YEN WILL BECOME RADIOACTIVE WITHIN THE DECADE!
The main event of yesterday in terms of macroeconomic statistics was the publication of statistics on the UK labor market. The data pleasantly surprised. Recall that we expected rather weak statistics - the British economy has been painfully unconvincing in recent times. Nevertheless, the UK economy for three months until November created 208K new jobs, which is...
Monday turned out to be a fairly calm day for financial markets. The reason on the surface is a day off in the USA. So today it will almost certainly be more volatile and interesting. The Bank of Japan set the pace to the news background early in the morning. Monetary policy parameters were left unchanged. The press conference will be somewhat later than the...
US President Donald Trump has been impeached by the Democratic-led House of Representatives for obstruction of Congress and abuse of power related to his dealings with Ukraine. The votes made Trump only the third president in United States history to be impeached and set the stage for a likely trial in the Republican-led Senate in January. This event has already...