JPY Trading Outlook Archive

USD/JPY US econ data gave USD/JPY a brief bounce into the Tenkan & last Thur’s 101.66 high. The failure there left prices drifting lower into what was expected to be dovish testimony by Fed Chair Yellen. And though Yellen burnished her reputation for erring on… Read more

USD/JPY The general rebound in risk from overnight carried through to NY, pushing USD/JPY toward last Thur’s breakdown session high & the daily Tenkan at 101.66. A modest rebound in Tsy yields & the Nikkei were not enough to knock to clear 101.66 the day… Read more

USD/JPY Trading was far calmer on Friday as mid-week derisking flows subsided pre-weekend. CAD/JPY was the outlier, falling after Cad Jobs data. Fin Min Amari making a not-so-veiled threat toward the BOJ to ease again soon to reach its CPI targets, as USD/JPY threatens key… Read more

USD/JPY Europe sold risk this morning, as paroxysms on the periphery joined forces with poor Trade data from China & terrible IP reports to send JPY shorts scrambling to cover, particularly on crosses. EUR/JPY ran sell stops below the preceding two days’ lows and then… Read more

USD/JPY An upward drift in Tsy yields after late NY/early Asia lows underpinned USD/JPY into the FOMC Minutes release, the expectation being that they would reveal a bit more of the hawkish view than the overall Fed statement. Such was not the case. There might… Read more

USD/JPY Almost all of last Thur’s USD/JPY rally and daily range on strong NFPs was retraced on Monday. Things got off to a shaky start in Asia when the BOJ’s Nagoya (where Toyota is centered) branch head said some firms in the Tokia region thought… Read more

USD/JPY A stellar US jobs report gave USD/JPY a fresh leg up amid rising Tsy yields and despite some overnight Nikkei weakness. Stops were run above 102 after the down TL from last month’s high was cleared along with the daily Kijun. The focus turns… Read more

USD/JPY Surging Tsy ylds after of ADP pushed USD/JPY above the 200-DMA at 101.75 and inside the 101.70-102.67 Cloud span. Nikkei gains o/n weren’t able to keep the pair aloft headed into the NorAm session, so the ADP lift was crucial. Despite Yellen’s comments downplaying… Read more

The USD/JPY gained 7 points to trade at 101.59. The Bank of Japan’s “tankan” survey, announced Tuesday morning, showed that the current business sentiment diffusion index for large manufacturers in June fell 5 points from March to plus 12, weaker than the median forecast of… Read more

The USD/JPY is trading at 101.32 easing by 10 points after Industrial production printed below forecast but much better than the previous month. Traders are more concerned with the US dollar and its weakness trading at 80.09 well off its high just two weeks ago… Read more