JPY Trading Outlook Archive

USD/JPY An unexpected rise in US Jobless Claims provided a short-lived USD/JPY discount to the 200-HMA for latent bulls to scoop up in NY. The mkt focus initially was on the drop in Tsy yields, but the lower yields soon enough tempted fresh equities buying,… Read more

USD/JPY Doubts about domestic demand in Japan, lingering concerns about growth in the EZ, a halving of the BOE’s wage growth f/c for this year and a downside miss from US Retail Sales left the mkts with the impression that major CBs will be easier… Read more

USD/JPY The yen was generally softer Tuesday after further evidence the post-tax-hike economy has been weaker than expected, leaving the BOJ and the Abe govt in something of a bind regarding the upcoming decision on whether to raise the consumption tax again next year. Few… Read more

USD/JPY A rebound in the major equity markets from Friday followed through on Monday, bolstering the Nikkei’s rebound away from its daily Cloud base. But the bargain hunting in equities was not enough to get USD/JPY above exporter offers in the 102.20-25 range. Those offers… Read more

USD/JPY completed a roundtrip from 102.00 down to 101.50, and then back again as the pair correlated almost perfectly with broader movements in the stock and bond markets. Overnight fear abated as US airstrikes in Iraq were limited and Russia ended it’s military exercises on… Read more

USD/JPY Yen strengthened across the board as stocks and rates fell sharply. The ECB declined to engage any further easing despite acknowledging downside geopolitical and economic risks. This is not what global equity markets wanted to hear as a key tenet of the Street’s consensus… Read more

USD/JPY never stood a chance as the markets’ attention was focused on the meltdown in European equities and the attendant move lower in DM interest rates after a bad miss in German Industrial Orders and a negative print for Italian GDP. As one would expect,… Read more

USD/JPY USDJPY followed bond yields on a roundtrip route that ended with the pair essentially flat on the day. The early stock and yield (and USDJPY)bounce faded as Europe continued to underperform global equity markets, with the broad Eurostoxx index dipping into negative territory YTD…. Read more

USD/JPY There was no posting a daily close above 103 this week after today’s US jobs report came in softer than expected with components that favored the Fed’s cautious approach to normalization. PMI was above f/c, but Construction Spending tumbled, leaving end-of-week position paring to… Read more

USD/JPY Risk came off big chunks in the NorAm session, particularly after the Chicago PMI drop shocked Tsy yields back down to about unchanged. But the derisking move was already well afoot in Europe, following on from Wed’s theme in the face of much higher… Read more