JPY Trading Outlook Archive

USD/JPY Nothing stood in the way of the USD bulls in a quiet pre-holiday NorAm session. A bad miss on Japanese Housing Starts (-14.1%) and continued pressure on JGB yields below 0.50 bps added fuel to the debate about the faltering state of the economy,… Read more

USD/JPY The correction of the overbought USD/JPY this week finally took prices to the 200-HMA ahead of the NY open amid worrying headlines from Ukraine that tripped stops below Tues’s 103.75 low. Better-than-expected US GDP revisions buttressed the recovery from the 200-HMA, as N225 futures… Read more

USD/JPY The expected qtr-end and overbought consolidation of the USD/JPY uptrend persisted on Wed. Japanese exporter offers were touted by Wed & Tues’s 104.16-17 highs along with light long spec profit-taking in the absence of fresh US news to goose prices higher. Few are willing… Read more

USD/JPY Asia dumped USD/JPY, but the break below Monday’s lows and assorted hourly chart supports quickly attracted dip bidders late in Asia and then in Ldn and NorAm trading. Demand grew in NY after assorted 2nd-tier US data releases beat expectations. Dip buyers are running… Read more

USD/JPY The vast majority of the day’s USD/JPY range had already been carved out by the time NY opened. Prices gapped up in Asia to 104.49 before running into offers ahead of 104.50 barriers. From there prices drifted back to NY afternoon lows from Friday… Read more

USD/JPY With help from a USD-bullish interpretation of Fed Chair Yellen’s JH speech and higher Tsy yields, USD/JPY cleared its Apr peak at 104.13 and the offers by 104. But both USD & Tsy yield gains receded in the afternoon, dragging USD/JPY back down to… Read more

USD/JPY NorAm traders came in to see USD/JPY backing away from the o/n peak at 103.96, which is the underside of the broken up TL from Jun and Oct ’13 lows. It’s also just below the April peak at 104.13 and 104 option barrier defenses…. Read more

USD/JPY The yen was the best funder today. USD/JPY cleared the late July peak at 103.15 in Asia and then surging again after the FOMC Minutes showed recognition of the firming labor market increasing and more concrete tightening steps being worked out. Prices initially stalled… Read more

USD/JPY The yen was weaker against all the majors save for the CHF to start the weak. That was a continuation of the theme from last week that was rudely interrupted on Friday by headlines out of Ukraine. But as the new week began, the… Read more

USD/JPY A sleepy session for the yen was turned on its head in late London trading after the Ukraine headlines began to hit risk and lift the yen. USD/JPY had worked its way up to 102.72 and into the front end of suspected exporter offers… Read more