JPY Trading Outlook Archive

USD/JPY A breakout above size 120 barriers, expiries and stops was delayed by Draghi disappointed those hoping for more explicit descriptions of further easing steps, either in the form of a clearer Q1 QE promise or a move to corporate bond buying or TLTRO tweaking…. Read more

USD/JPY Despite soft ADP and US labor costs data, USD/JPY rallied past 119.50 barriers and stops on reports of a Nikkei story indicating Abe’s ruling coalition will have no problem maintaining the 2/3 majority in the Dec 14 polling. This reinforced the existing appetite for… Read more

USD/JPY The day was pretty much over for the USD/JPY after the first two hours of NY trading extended o/n gains to 119.28 (7-yr high) on the back of rising N225 futures and Tsy yields. The USD was generally bought as the slide in commodities… Read more

USD/JPY The USD/JPY’s fleeting surge to a 7-yr high at 119.15 on Moody’s downgrade of Japan to A1 was followed by a rout that initially found support at the 100 & 200-HMA and the hourly Cloud base at 118.07, but the rebound from there to… Read more

USD/JPY The USD was well bought and the yen well sold to close the week, driving USD/JPY beyond recent range-trading and exporter offers at 118.45-60 ahead of the London close and an early close in the States. Stops were run above 118.50. Exporters, who had… Read more

USD/JPY was sideways to modestly lower on softer US data. The big global macro story is the ongoing collapse in interest rates and commodities, neither of which are having much impact on the yen. EURJPY and USDJPY managed to hold their 200 hma but we… Read more

USD/JPY Profit-taking on short yen trades was widespread Tuesday, as crowded spec trades come in for corrections ahead of the holidays and year-end. AUD/JPY led the descent and is flashing several sell signals heading into the day’s close. For a change, even USD/JPY gave up… Read more

USD/JPY stops were run below 118 in Asia, only to have buy stops run above 118 ahead of the NY open. USD/JPY rallied to a 118.485 session high by the middle of the NY morning, with talk of real money buying underpinning the move. There… Read more

USD/JPY bulls survived the Aso comments (about a too-quick yen depreciation) with minimal damage as the Wednesday post-FOMC lows at 117.35-40 held a couple of attempts to break it lower. All the action was in EURJPY, which goes into the weekend with a tenuous grip… Read more

USD/JPY The late Asia spikes to 118.98 (couldn’t get the 119 barriers/stops above) USD/JPY and 149.12 EUR/JPY peaks turned out to excellent intraday sells. Weekly investment Flows and Trade data didn’t give Japanese stocks a needed leg up: they have failed to make new trend… Read more