JPY Trading Outlook Archive

The Japanese Yen (JPY) reacted positively to the jobs data with the market reclaiming Y81 and closing near Y81.50, threatening to push higher if crosses such as the AUD/JPY continue to extend gains. Overall the USDJPY traded with a low of 80.63 and a high… Read more

The Japanese Yen (JPY) underperformed against a broadly weaker dollar over uncertainty of the outcome of the BoJ meeting on Friday. Heavy demand on the EURJPY throughout European session ensured the JPY was unable to take advantage of the dollar weakness. The USDJPY traded with… Read more

The Japanese Yen (JPY) saw the USDJPY pair track general market trends upon FOMC decision, popping higher before initially giving up gains. Focus now shifts to the BoJ meeting on Friday which will see the fifth central Bank meeting this trading week. Overall the USDJPY… Read more

The Japanese Yen (JPY) failed to take advantage of a weaker dollar on murmured buying interest ahead of the key 80.00 figure. The USDJPY traded with a low of 80.45 a high of 80.96 before closing the day at 80.64. The BoJ meeting is scheduled… Read more

The Japanese Yen (JPY) spiked higher, off 15 year lows during the Asian session, on muted BoJ intervention. Those rumours were soon put to rest with Traders citing a &ldquo technical glitch&rdquo as the primary reason for the 1% move higher. The USDJPY traded with… Read more

The Japanese Yen (JPY) gained against the Dollar as the relief rally ran out of steam and the major slipped back to Y81. September Retail Sales gained 1.2% y/y vs. 3.2% forecast and 4.3% previously. Overall the USDJPY traded with a low of 80.85 and… Read more

The Japanese Yen (JPY) was weaker against the USD but gained against risk currencies as stock markets turned red. Y82 capped in New York but a second test could happen in Asia if the market feels the downside is over for the time being with… Read more

The Japanese Yen (JPY) grinded higher on the back of USD buybacks and the major reclaimed Y81 to test Y81.60. The USD/JPY is extremely sensitive to US Central Bank monetary policy and any hint QE2 will be smaller than expected will help the pair rally…. Read more

The Japanese Yen (JPY) broke down to fresh year lows under Y81 finding support at Y80.50 but struggled to bounce aggressively. Stronger US housing data did offer slight support but GBP/JPY and EUR/JPY weighed later in the US session. Overall the USDJPY traded with a… Read more

The Japanese Yen (JPY) managed a small rally on Friday but is struggling to get distance from Y81 as sellers remain on rallies. Expectations that Y80 will be tested and the USD weakness apparent at the moment is keeping buyers on the sidelines. The ability… Read more