JPY Trading Outlook Archive

Gundlach: Stock market signaling it doesn’t like strong dollar Although U.S. equities markets are signaling that a strong dollar may not be a good thing, the currency will keep getting stronger, according to one investing pro. DoubleLine CEO and CIO Jeffrey Gundlach said during a… Read more

USD/JPY NY brought the bid back for USD/JPY, using the o/n pullback toward the Asia and late NorAm lows from Friday at 120.58 as a fresh buying opportunity. USD/JPY gains in NorAm trading had the look of further Japanese pension fund reallocation out of JGBs… Read more

USD/JPY A bigger-than-f/c rise in NFPs and drop in the Jobless Rate, including the U6, were enough to send Tsy yields surging and USD/JPY up through 2014 highs by 120.50/75, and eventually above 121 after the hefty 10ET expirations there. Today’s 121.29 high is the… Read more

USD/JPY spiked up to its 120.40 session high after the 8:30ET US data releases and the start of Draghi’s press conference. It was a counterintuitive move in that US Claims were well above f/c and USD-JPY 2-yr yield spreads began to fall. Exporter and macro… Read more

USD/JPY Tues’s USD/JPY losses were consolidated on Wed above the Tenkan at 119.28 amid mixed US data and Fed Beige Book inputs. ADP for Feb was below f/c, but Jan was revised up to 250k and by to the 257k NFP result. ISM’s Services index… Read more

USD/JPY was already under pressure after Abe advisor Honda repeated comments about the yen already being cheap on a PPP basis by 120 and after the 120.27 Asia high ran into exporter and spec offers just before the well-defined dn TL off the Dec 23-onward… Read more

USD/JPY Judging by the price action today, the market was simply itching to buy USD/JPY unless US data were horrendous. After the release of below-f/c ISM and much-weaker-than-expected Construction Spending at 10ET, USD/JPY rallied from 119.68 to beyond reported barriers and exporter offers at 120… Read more

USD/JPY Even without the aid of rising Tsy yields, USD/JPY prices managed to extend Thur’s rally to 119.80, where exporter and range-trading spec offers capped it ahead of Tues’s 119.84 intraweek peak. The technical outlook strengthened with today’s range wholly above the Tenkan at 119.04… Read more

USD/JPY Rising Tsy yields served the USD well against the JPY and most ccys Thur, after Real Weekly Earnings were reported up 1.2% m/m vs a 0.3% rise f/c; news that eclipsed the mixed overall and core CPI results & Claims rise. USD/JPY was already… Read more

USD/JPY Selling in USD/JPY ran out of steam in Asia as longs taken ahead of Tuesday’s Yellen appearance had been flushed out and importer/spec bids ahead of the converged 21-DMA and Kijun at 118.57 reversed the tide. The NorAm recovery got a few stops above… Read more