JPY Trading Outlook Archive

USD/JPY An array of barriers, stops and tech hurdles were cleared out above by USD/JPY’s surge in response to much-better-than-expected US GDP data and a sizeable uptick in the Fed’s preferred inflation gauge, the PCE. Mediocre ADP was close enough to f/c to not impeded… Read more

USD/JPY The thin daily Cloud was finally cleared, along with 102 options/offers and the 200-DMA at 102.10. Nikkei gains and demand for longer-term Tsys were the main drivers. A 4-bp rise in US 2-yr yields due to the roll gave front-end traders something to ponder,… Read more

USD/JPY The Nikkei took out the July highs to begin filling a 15,690-15,485 gap from late Jan, which was enough of a boost, along with a rise in Tsy yields, to keep USD/JPY nearly pinned to its daily Cloud (101.90-92) for most of Monday. A… Read more

USD/JPY The daily Cloud top at 101.95 couldn’t be removed with the London open spike, or after the mixed US Durable Goods report, leaving intra-week longs and latent bears to push prices back toward the o/n lows into midday NY. That those 101.70 lows couldn’t… Read more

USD/JPY Rising L-T Tsy yields, weaker-than-f/c Japanese Trade and Markit PMI and US Jobless Claims tumbling to 2006 lows gave the oversold rebound in USD/JPY prices the ammo needed to clear last week’s highs by the 61,8% Fibo at 101.80. Upside beyond there was chastened… Read more

USD/JPY shorts who were looking for a bit more downside after Tues’s lows were broken o/n were disappointed by the 1.5pips of follow-through and covered. The lack of major economic news in the US allowed the mean reversion toward the falling 21-DMA (101.59) to persist,… Read more

USD/JPY recovered it’s intraday dip with help from higher short-term Tsy yields and reduction in equity market losses; the latter after President Obama took a reasonably low-key tone in his latest speech on MH-17 et al. UK’s Cameron was much more strident, but the mkts… Read more

USD/JPY Another week is ending with USD/JPY still stuck in dwindling ranges above seemingly indefatigable support by 101. Thur’s risk-off flows reverses and mean reverted o/n, including Tsy yields, which recovered most of Thur’s losses, regardless of soft TR/UM & LEI. A decent US earnings… Read more

USD/JPY The yen was well bid throughout Thurs, initially on worries about what new Russian sanctions might do and on broader trimming of risk amid Fed normalization notions and stretched valuations in some asset classes. A poor US housing report was being shrugged off with… Read more

USD/JPY Another tight but higher range for USD/JPY between support at 101.64 (daily Tenkan and 200-HMA) and resistance at 101.80 (offers tied to the 61.8% of the 102.27-101.06 slide). US data were mixed but the Tsy curve flattened on expectations of eventual Fed tightening; a… Read more