JPY Trading Outlook Archive

USD/JPY Friday’s stellar US NFPs report produced a run at the daily Cloud top and down TL from the Dec highs on Friday and again in Asia today, but those hurdles in the 119.20s held. That triggered a slide to 118.44 early NY low, retracing… Read more

USD/JPY The US NFP report was such a big beat overall that it sent Tsy yields surging enough to push USD/JPY to its highest since Jan 12. The 119.23 high, vs the day’s 117.17 low, stopped right by the daily Cloud top and the down… Read more

USD/JPY EUR/JPY was the main driver again today, first weighing on USD/JPY and most yen pairs in Asia after the ECB Greek collateral announcement late Wed, and then rebounding after EUR/JPY failed to break Wed’s low and buyers swept prices back toward Wed’s high as… Read more

USD/JPY had already based at 117.24 ahead of the NY open, with the o/n high at 118 being rejection by the 21-DMA. US ADP came in below f/c but was close enough not to upset the USD. Tsy yields were already headed higher into next… Read more

USD/JPY Beyond the frantic post-RBA cut AUD/JPY dive and recovery, EUR/JPY was the standout. Another chunk of the historically large crop of EUR spec shorts were either squeezed out or opted out of their positions. The move gained pace after the 200-HMA was cleared for… Read more

USD/JPY For the sixth time since the Jan 20 breakdown session, USD/JPY ran into bidders, or out of sellers, in the low 117.00s, with today’s 117.30 low the byproduct of a weak US GDP report, but helped along by derisking related to Greece and in… Read more

USD/JPY A rebound in Tsy yields and US stocks after a huge decline in US Jobless Claims – which may have been skewed by SA – pushed USD/JPY marginally beyond the daily Cloud and the 21-DMA, but it’s a close call whether these hurdles at… Read more

USD/JPY Early EUR/JPY weakness on renewed Greek concerns were followed by selling pressure on the commodity crosses after the FOMC statement elicited a modest tightening tantrum. Any tightening the Fed may be planning this year is forcing a rapid flattening of the Tsy curve as… Read more

USD/JPY extended the pullback that began after yet another failed breakout above the daily Cloud in Asia, first falling in sympathy with weakness in stocks & Tsy yields as Greek concerns mixed with US earnings worries, in part due to the USD’s strength the past… Read more

USD/JPY The JPY rallied in Asia, while stocks were sold, after BoJ left policy mostly as is (loan programs expanded) and cut its CPI f/c, thus making the FY15 2% CPI goal no longer the central expectation. The CB tweaked its growth f/c up beginning… Read more