JPY Trading Outlook Archive

USD/JPY Despite a brief setback after the FOMC Minutes had a dovish tone to them, and Tsy yields dipped briefly, USD/JPY remains on an upward path, driven by QQE2 and GPIF asset reallocation. QQE2 was solidified by the BOJ’s 8/1 vote backing it at the… Read more

USD/JPY With the snap election and VAT rise delay behind us, the focus is on tonight’s BOJ meeting. While the Oct 31 QQE2 launch now looks even more appropriate due to the lousy Q3 GDP report, the committee might feel somewhat double-crossed by the VAT… Read more

USD/JPY Considering the scale of the Japanese GDP miss, USD/JPY actually held up fairly well vs most of the other major USD pairs. Abe’s delaying of the Oct ’15 VAT hike and calling of a snap election on Dec 14 is fait accompli. There is… Read more

USD/JPY The NY day began well for USD/JPY. US Retail Sales were above f/c and revised upward, giving prices a lift to the 116.83 session highs, where AXJ names were said to be fading the move, looking for a quick trip back to 116.00 to… Read more

USD/JPY Yet another USD/JPY pullback was bought into by NorAm and late London participants, this time after a brief dip below 115. A nasty setback in GBP/JPY following the lower BOE inflation outlook may have had some crossover into the other yen pairings, particularly EUR/JPY…. Read more

USD/JPY Stories about Abe likely calling for a snap election and also delaying next Oct’s VAT hike gave USD/JPY the punch it needed overnight to print a new, multi-year high of 116.11. But that pair began to diverge from rising EUR/JPY and other yen crosses… Read more

USD/JPY Long USD profit-taking in the wake of Fri’s NFP report ran out of steam in London today, in part because the USD/JPY pullback from Fri’s 115.60 peak to today’s 113.86 low gave traders a chance to buy at last Wed’s levels. In the post… Read more

USD/JPY The USD grudgingly rolled over, succumbing to the pressure of sharply lower US rates and a key reversal higher in Gold after Non-Farm Payrolls missed expectations. USDJPY will still finish up with the highest weekly close in 7 years but near term it’s run,… Read more

USD/JPY Well-know spec profit-taking targets by 115 got front-run by nimble traders at 114.85, but USD/JPY remains up almost 1% on the day and pullbacks are being bought into quickly because the BOJ/GPIF stunner on Friday has drastically changed the M-T outlook. The above-f/c ADP… Read more

USD/JPY The first post-QQE2 correction in the yen’s slide arrived today, but it was a mixed and muted affair compared to the manic yen selling the previous two sessions. USD/JPY’s ltd trading beyond 114 got some specs taking profits and a few J exporters willing… Read more