JPY Trading Outlook Archive

USD/JPY Last Friday’s failed attempt to retest the Dec lows and the strong close that session set the stage for today’s rally up through the daily Cloud top, the Tenkan, the Kijun and the down TL off the Jan highs. That broken TL was used… Read more

USD/JPY The decks were stacked against the USD/JPY and EUR/JPY intraday, the former due to a huge downside miss in US Retail Sales, and the latter due to an ECJ opinion that leveled a potential roadblock to ECB QE next week. USD/JPY was already in… Read more

USD/JPY Falling USD-JPY yield spreads since late Dec have left USD/JPY struggling at times when rising N225 futures would normally have given prices a nice push into positive, as was the case in early NorAm trading today. N225 futures made new session highs, but USD/JPY… Read more

USD/JPY A very brief USD/JPY rally on the above-f/c NFPs was followed by a plunge to new session lows at 118.42 when the second assessment of the jobs report sent Tsy yields and stocks into retreat. Worrying HLs out of France and somewhat dovish Fed… Read more

USD/JPY After the local buying in Asia gave USD/JPY a lift, so, too, did a rebound in risk across most asset classes. That rebound was reinforced by better-than-expected US ADP and Trade data, eventually lifting USD/JPY to a troika of intraday resistance near 119.70 (hrly… Read more

USD/JPY A 2% recovery in USD/JPY from today’s 117.45 low began with rumored PKO in Asia and extended to 119.55 in NorAm trading after US Retail Sales beat f/cs across-the-board. The robust spending data (70% of USD GDP derives from consumer spending) sent Tsy yields… Read more

USD/JPY The O/N rebound to retrace 50% of the 121.86-117.90 slide proved an opportunity for longs looking to get out amid broadening derisking flows. Tues’s lows were finally breached late in the NorAm session, but stops below 117.75, and the 50% Fibo & weekly on-close… Read more

USD/JPY This week’s retreat from near the ’07 highs in the N225 and USD/JPY today flushed out recent buyers of both, sending 1-mo vols surging to their highest since Sep ’13 and above 12. Riskies swung back to a put bias for the first time… Read more

USD/JPY fell from a 7 year high of 121.86 in Asia, that being a vestige of the post US NFPs rally Friday. It became clear that once Asia had caught up to that news and was digesting unexpectedly bad Japan GDP and Tankan news, the… Read more

USD/JPY If USD/JPY bulls had any doubts about keeping, or even adding to, their trades coming into today’s US Jobs report, they had none afterward. With the one caveat of a weak Household Survey, almost every other aspect of the Nov report was tailor-made to… Read more