JPY Trading Outlook Archive

USD/JPY High hopes that Fed Chair Yellen’s testimony would at least moderately reinforce the notion of tightening finally beginning midyear had sent USD/JPY to a fleeting intraday peak of 119.84, only to have prices implode when it became clear she was intent on not boxing… Read more

USD/JPY was one of least interesting yen pairings today as traders braced for tomorrow’s testimony by Yellen and got only soft, but second-tier, US econ data to chew on ahead of that. BOJ Minutes and Abe advisor comments bolstered the notion QQE2 will be left… Read more

USD/JPY The yen largely followed the risk parade today, which went from off to on as the NorAm session got underway and indications from Greek bailout extension talks were that a deal was in the making. As we near the end of the week, the… Read more

USD/JPY reverted to its 21-DMA at 118.42 O/N and in the aftermath of Wed’s FOMC Minutes that sent Tsy yields sharply lower. Further consideration of those Minutes began to steady yields and the USD as most downplayed the dovish bias as having been before the… Read more

USD/JPY It was a fairly quiet session for the yen after the BOJ left policy unchanged o/n, but all that changed when the FOMC Minutes revealed a far more “Patient” committee than most expected. USD/JPY tumbled in sympathy with USD/JPY yield spreads, as pending Fed… Read more

USD/JPY The yen fell far and wide, as it stood out as a safe short given new closing trend highs in the key Japanese stock indices, USD-JPY 2-yr yield spreads rising to their highest since Jan 6, indications from inside and outside the Abe govt… Read more

USD/JPY Thur’s swift USD/JPY drop found support Fri by the 200-HMA and Tues’s 118.40 low; a low that is also the daily on-close pivot pt. Prices are well above that pivot heading into the close, despite another bearish US data surprise today; this time from… Read more

USD/JPY Damage to USD/JPY o/n on a story about “some” at the BOJ being wary of the utility of a weaker yen (largely a recycling of similar Reuters story from Jan & not a shift in BOJ sentiment) took it to 118.60 in a stop-fest… Read more

USD/JPY Tues’s Cloud top and TL breakout extended Wed beyond some barriers and exporter offers at 120, eventually running into resistance by the down TL from the Dec 23 and Jan 2 high at 120.48 and offers at 120.50. Fed speakers again reinforced the notion… Read more

USD/JPY Offers defending the daily Cloud top & the down TL off the Dec & Jan highs at 119.06/16 today were cleared and stops run above 119.25. The surge got to 119.625 in NorAm trading, very nearly completing the 76.4% of the Dec 23 to… Read more