There is possibly no bigger trading event this week than the Bank of Japan’s decision on Monday.
The groundwork for abandoning negative interest rates has been subtly laid since last year, and now, this could very well be the month they choose to make their move.
The prospect of ending a policy entrenched for nearly two decades could significantly move the...
#USDJPY
The price came out of that 4h trend, but we don't have a LL on 1D, which made the price pump from the support of 145, at this moment the week closed with a resistance rejection . on 4h, respectively of the former trend line, on Tuesday morning we have the BOJ R-interest.
Next week's Federal Reserve interest rate decision possibly just got a lot more interesting.
Last night we got PPI data. In February, the producer price index, a key gauge of wholesale inflation, surged by 0.6%, surpassing expectations by more than double.
The big question now is whether traders will reassess their expectations for the timing of a Fed rate...
Starting to see Yen strength materialise, with the BoJ looking to get out of the current cycle.
Surely Yen can't go much lower against all of the G10, so expecting some moves in the coming week.
We've been failing at the 171.8 high for weeks so this looks like consolidation to me now, ready for a push down.
Starting this week with the CHF PCI data this...
short position on USDJPY, scouted to be turning towards bearish, break of support did not find uptick, R:R 2.62. please note this is a historic trade and does not predict future performance.
Today's focus: USDJPY
Pattern – Consolidation (Bullish?)
Support – 149.84
Resistance – 150.81, 151.745
Hi, traders; thanks for tuning in for today's update. Today, we are looking at the USDJPY on the daily chart.
Simple story today: will the current price consolidation break higher (with trend) or break lower, setting off distribution? We find it's important...
The Japanese yen is showing limited movement on Monday. In the European session, USD/JPY is trading at 150.34, up 0.13%.
Japan releases Tokyo Core CPI, considered the most important inflation indicator, on Tuesday. The index fell to 1.6% y/y in January, below expectations and the lowest rate since May 2022, but the market estimate for February stands at...
There's not much in the way of this move from what I can see.
Yen continues to be the weakest currency in the G10 (for now, BoJ look set to intervene at some point this year) and for the short term I expect this to continue to meet the descending long-term trendline that's formed.
I'll be looking for sells around 115 with any LTF confirmation, but until then I'm...
Overview
Most Yen pairs are at or nearing key resistance on daily, weekly, and monthly time-frames.
The Details
The Yen continues to weaken against global currencies due to negative interest rates set by the Bank of Japan (BOJ) and higher interest rates from the RBA, RBNZ, ECB, BOE, SNB, FED, etc.
The BOJ are edging closer to changing rates to zero or...
Could the USDJPY correct further to the downside, with DXY weakness dragging it lower?
Despite potential downside on the USDJPY, i'd still prefer to look for buying opportunities while the BOJ's monetary policy continues to diverge from the FOMC. (who knows how long this will last)
Look for a potential bounce on the USDJPY a the 149.60 (interim support and 23.6%...
GJ giving some nice areas for potential moves, mainly i can see we are using the short term lows as a clear area to build up liquid for a deeper retracement, if this move does take place it will shift us back into a bearish swing range as the 5min price action is currently sitting within a bullish range, this range isn't the strongest but is still valid in terms...
The Japanese yen has improved on Thursday, despite a disappointing GDP report. In the North American session, USD/JPY is trading at 150.12, down 0.31%. USD/JPY fell as much as 0.70% today but has recovered much of those losses.
Japan’s fourth-quarter GDP was a disappointment, declining 0.1% q/q. This missed the market estimate of a 0.3% gains and followed a...
The Japanese yen is drifting on Friday. In the European session, USD/JPY is trading at 147.80, up 0.10%.
Tokyo Core CPI reached a significant milestone today, falling to 1.6% y/y in January, after a December reading of 2.1%. This was the first time the indicator dropped below the Bank of Japan's 2% target since May 2022. The main driver of the decline was lower...
The GBP/USD exchange rate fluctuates in a narrow channel just above 1.2700 on Monday. The rebound of the major pair is supported by a positive risk environment. However, the increasing tension in the Red Sea could increase demand for safe-haven assets and limit the upside potential of the pair. GBP/USD experienced a rebound in the second half of the previous week,...
The Japanese yen is in a holding pattern on Monday as the Bank of Japan holds a two-day meeting today and Tuesday. In the European session, EUR/USD is trading at 148.05, down 0.08%.
The yen has been on a rollercoaster in recent weeks. In December, the yen took advantage of a slumping US dollar and surged 4.85%. Those gains have been squandered as the dollar has...
The Japanese Yen is one of the worst performing currencies in 2024. It has weakened 5.4% against the USD.
Forces have been stacked against Yen ever since the US Federal Reserve started raising interest rates at a record pace. In sharp contrast, ultra loose monetary stance from the Bank of Japan (BoJ) resulted in wide policy rate differential of 5% between...
