JPY Trading Outlook Archive

USD/JPY Stronger-than-expected US Claims and IP data gave USD/JPY, and most other yen crosses, a lift up in NorAm trading. The rebound was fairly subdued compared to recent losses, in part because Tsy yields and stocks gain little traction on the news. The IP was… Read more

USD/JPY Big expires at 107.00/20 in NY were no match for USD/JPY selling pressure generated after US Retail Sales, Empire & PPI were all weaker than forecast and another Ebola case was confirmed here. Tsy yields disintegrated. 2-yr Tsy yields were down over 13bp at… Read more

USD/JPY traded almost purely as a derivative of the S&P during the NYC time slot, lagging well behind other dollar pairs as yen remained in demand, especially on the crosses against EUR, GBP and AUD. All three crosses are at or near the lows of… Read more

USD/JPY Despite a feeble mid-day attempt to rally (along with stocks) USDJPY remained heavy under the weight of sharply lower US short rates and a weak Nikkei. Fed Vice Chair Stanley Fischer joined the chorus of worriers at the weekend’s IMF meeting, suggesting that rate… Read more

USD/JPY A bit of calm returned on Friday after Thursday’s somewhat angst-ridden asset liquidations that lifted the yen broadly, but far more so on the crosses. As a result, USD/JPY prices managed to tuck themselves inside Thursday’s fairly modest range, while leaving untouched nearly 3bln… Read more

USD/JPY USD-JPY 2-yr yield spreads fell today to their lowest since Aug 21, while the N225 futures tumbled to Aug 18 lows. USD/JPY closed those two days at 103.84 and 102.56, respectively. That today’s range was 107.53-108.32 indicates just how much the continuing divergence between… Read more

USD/JPY Traders got double-crossed in USD/JPY today. They were initially induced to cover shorts after Abenomics architect Kozo Yamamoto called for fresh BoJ easing and delaying next year’s VAT tax hike until ’17. Lack of serious progress or a close below 108, with importers taking… Read more

USD/JPY The yen was well bid amid another round of global de-risking that, though led by European equity and peripheral bond losses, also claimed Japanese, US others’ equity setbacks. That 2-yr Tsy yields fell for a second day after Fri’s huge NFPs beat showed that… Read more

USD/JPY A retreat in the overbought USD teamed up with a rebound in the oversold JPY to send the pair below last week’s 108.25 low & to a session low of 108.01 before recovering with equities from their lows in the NY afternoon. Heavy fund… Read more

USD/JPY After rising through option barriers/PRDCs and stops at/above 110, USD/JPY ran into offers defending 110.10. That set the bearish tone for the day. Plunging equity prices and Tsy yields (and USD-JPY yield spreads) ushered prices below bids at 109.50 and into stops below. At… Read more