JPY Trading Outlook Archive

USD/JPY USD/JPY opened NY 107.25, traded 107.01/31 and closed the session 107.20. Good bids 107.00 and decent offers ahead of 107.50 barriers had spot hemmed in and the aftermath of a Tokyo bank holiday left the market in no mood to try anything too risky…. Read more

USD/JPY A huge week for USD/JPY bulls is coming to its conclusion with prices pinned again the up TL drawn across last year’s lows, last by 107.40, and at fresh 6-yr highs. US Retail Sales were on target, but July was revised up, but this… Read more

USD/JPY In the NorAm session, USD/JPY’s 106.65-107.20 range came on the backs of above-f/c US Jobless Claims, that softened prices, and from BOJ Kuroda’s live appearance on Japanese TV that reiterated the bank’s policy line that the USD/JPY’s rise is due to divergent Fed &… Read more

USD/JPY The yen was sold far and wide Wed, but it was particularly punished by the pound and the CAD, but not the other two commonwealth currencies down under. More Tsy yield gains, below-f/c Japanese data and BOJ’s Iwata downplaying the net impact of yen… Read more

USD/JPY Despite the protestations by Japan’s Econ & Fin Mins that the pace of the yen’s fall should be less volatile, it’s clear neither the Abe govt nor the BOJ are interested in talking the yen back up. They don’t want to be perceived as… Read more

USD/JPY More bad Japan econ news today indicates Abe’s resistance to a planned consumption tax rise next Oct is building, as is pressure on the BOJ to lower their growth and inflation f/c and consider QQE2. Q2 and early Q3 Japanese data (more tonight) indicate… Read more

USD/JPY There was no danger of the o/n high at 105.71 being retest in NorAm trading after NFP missed badly. USD/JPY fell to the up TL off the Aug 28 lows, then at 104.68, before recovering beyond 105 as the shock of NFPs wore off… Read more

USD/JPY There wasn’t enough momentum or fresh justification to push USD/JPY up to and through its 105.45 2014 peak o/n; not with the market so heavily short the yen/long the USD already on the eve of the ECB & BOJ Thur and Fri;s US NFP…. Read more

USD/JPY The gap on this year’s 105.45 high in USD/JPY is rapidly being filled. 105 had already been breached before the NorAm session began. Stellar US ISM results flushed out stops just north of that figure for a 105.22 high thus far. Also cleared today… Read more

USD/JPY has traded a narrow 104.08-104.28 range, marginally breaching the 104.27 pivot point. The current risk appetite within the market keeps USD/JPY elevated. The overall scope is for gains higher, but option-related selling expected to continue ahead of 104.50 options barrier. There are 250M worth… Read more