BOJ intervened for the first time since 1998, to prop up it's the YEN, with some speculation they likely sold a lot of their massive reserves of long end (10-30 year) US T Bills to buy back the Yen. This hypothesis appears supported by the lack of short end yield movement at 4-5a, EST at time of BOJ intervention announcement late last week. Of note in this chart...
• Japan government finally intervenes in the FX market to try and support the Yen • Major currencies lost almost 300 pips against the Yen following the news • On the chart above, illustrated an ascending channel the Dollar Yen is trading in, a bullish pattern indicating further gains on the cards • Also illustrated are the major support/resistance levels in red...
USD/JPY continues to show limited movement this week. In the North American session, USD/JPY is trading at 144.10, up 0.27%. The Japanese yen has depreciated by over 20% this year, and the yen's slide will be high on the agenda at the Bank of Japan's meeting on Thursday. We could see some strong rhetoric expressing deep concern about the yen, but the central bank...
will it squeeze to the next gap? BOJ interference imminent
If the monetary expansion of the Bank of Japan continues, which will be determined in the next meeting of the central bank, on Thursday this week, there is a possibility of a rapid rise for the USDJPY currency pair more than now. The Treasury's resolve may be tested, and if the Treasury fails to do so, USDJPY could quickly reach the 150 area.
Japanese yen: important weeks ahead. In the last week, rumors about interventions by the Bank of Japan have intensified. The government also called on the financial authorities to intervene in the situation on the foreign exchange market. We consider 3 scenarios most likely: № 1. Selling dollars from reserves, through RRP reduction, or selling short-term US...
The Japanese yen has posted sharp gains today. USD/JPY is trading at 143.09, down 1.00% on the day. The yen has taken investors on a roller-coaster ride this week. On Tuesday, the dollar shined, posting broad gains against the majors and climbing 1.19% against the yen. The catalyst for the upswing was the US inflation report, which was higher than expected. The...
The bulls are getting nervous on USDJPY as BoJ once again repeats potential intervention on the FX markets because of weak JPY which is not good for imports. Technically, we see pair trapped in a wave four consolidation which can be a flat or a triangle as first leg A and then B unfolded in three legs. As such, we still think that the current price move in 141-145...
Today, all focus was on the euro, which is nearing a 19-year low, but the big story of the market year is the Japanese yen. We are witnessing a shift from a more than 20-year trend in the forex market of the Japanese yen as the safe-haven currency. The USDJPY has risen for five consecutive days, but focusing on the last two days, global stocks have been beaten...
The question on most trader's minds is whether USD/JPY will finally test 140. And another question is whether the BOJ (Bank of Japan) could intervene to weaken the yen and send USD/JPY lower. But it should be remembered that it is not an exact level in which the yen trades as to whether the BOJ intervenes, but how quickly it gets there. The BOJ have made it clear...
It hasn't been a good week for the Japanese yen, as USD/JPY has climbed 1.24%. The yen is almost unchanged today, trading at 135.16. Japan wraps up the week with a key inflation release on Friday. Core CPI is forecast to rise to 2.5%, up from 2.2% in June. Japan's inflation rate is much lower than what we're seeing elsewhere, such as double-digit inflation in the...
The Japanese yen has started the week quietly. In the European session, USD/JPY is trading at 133.29, down 0.14%. This follows a positive week for the yen, in which USD/JPY declined by 1.15%. Japan's GDP for the second quarter rose 0.5%. The reading was a notch below the forecast of 0.6%, and the yen showed little interest. Domestic consumption, which makes up...
GBPJPY H4 This is what the third entry point would look like, very similar theme to to previous entry point #2. Principle is exactly the same, selling pressure outweighing buying pressure, support breaks with subsequent retests. Indicated expectations, lets see what unfolds.
USDJPY have been one of the most bullish pairs in the last months, following the structural delivery and reactions i don't see any reasons to go short on this one. Last week UJ made 500 pips rally and delivered a perfect bullish structure to work with.
The Japanese yen has been pummeled today by the US dollar. USD/JPY is currently trading at 139.22, up 1.29% on the day. The US dollar is showing broad strength today, and for the yen that has meant a new 20-year low, as USD/JPY touched 139.39 earlier in the day. The symbolic 140.00 line is within striking distance, and it would certainly be memorable if the yen...
Fundamentally, there is no saving the YEN as the central bank of japan decided to stick to its policy whereas the opposite could be said for the safehaven high yielding USD. The difference in interest rates has pushed the USD higher against all major and developing currencies. With the inflation still yet to peak, we can expect the FED to keep raising the interest...
Oversold Yen , Peso Has Enjoyed The Commodities Strength Per The Bcom We Could See Weakness Oil Is Generally The Last To Drop In The Business Cycle Look Out Below If This Plays Out Great R/R Trade
***Not financial advice*** The Bank of Japan has become the majority shareholder of Japanese Bonds, sparking re-evaluation of the integrity of the asset. A catastrophic collapse in the bond market could lead to a hyperinflationary event that sparks financial contagion worldwide. If you can navigate the entry, then this is an opportunity for a potential gravy...