JPY Trading Outlook Archive

USD/JPY Soft Japanese data o/n and decent gains in Tsy yields accompanied the late-Asia to early NorAm rise in USD/JPY to 109.86. Mostly below-f/c US data and still fairly staunch resistance into the 110 barriers, spec P/T & exporter offers, as well as PRDC structures… Read more

USD/JPY The Asia peak and new trend high at 109.75 ran into trouble as stock markets and other risk trades were sold, some of it tied to worries about protests in HK and the mainland’s response to them, but more generally due to the prospect… Read more

USD/JPY From Asia lows that held just above the 200-HMA, USD/JPY climbed to and through the Jan 19 prior peak at 109.46 and cleared the 109.50 barrier with HF help. Rising short-term US rates and a rebound in stocks from Thur’s big dip fueled the… Read more

USD/JPY Risk hit the skids in NorAm trading, sending the yen higher, particularly against the high betas, while USD/JPY trundled back toward Wed’s lows before finding support. Reports of terror attacks being planned against French and US railways hurt, while a few more doubts crept… Read more

USD/JPY Holding USD/JPY down is like keeping a beach ball underwater. Abe gave it a whirl o/n noting on Jiji that he needed to closely watch the impact on Japan’s regional economies from a weakening yen, while Dudley, Yellen and others have tried to play… Read more

USD/JPY There was a broad USD hiccup o/n on word of extensive US-led bombing of IS in Syria, but the drop in USD/JPY was scooped up by funds after stops below the preceding two days’ lows were run. The 108.25 session low pierced the Sep… Read more

USD/JPY Consolidation of the USD/JPY uptrend was reinforced by the broader risk-off start to the new week that pushed equities and Tsy yields lower. The 108.67-109.20 range fell within Friday’s wide, thus averting a simple daily pivot pt reversal below last Thur’s 108.32 low. Dudley’s… Read more

USD/JPY The Asia stop-run above 109 barriers stopped shy of the 109.50 defense. Recently heavily bought yen crosses, such as GBP/JPY & EUR/JPY, also came in for corrections, weighing on USD/JPY and making the yen one of the strongest ccys on the day. GBP/JPY was… Read more

USD/JPY One last stab at the 109 barriers came up short in the wake of the 36k drop in Jobless Claims, but even with that news, US short-term rates began to lose altitude and the USD with it. As has been the case for a… Read more

USD/JPY has traded a 107.10-107.35 range and is contained so far by the 107.09-107.37 pivot points. Offers are clustered ahead of the 107.50 barriers, this will prevent shot-term gains. The market will likely not break out of its recent range until after the looming FOMC…. Read more