JPY Trading Outlook Archive

USD/JPY NY came in to a lower USD/JPY by 101.40, up slightly from the 101.31 o/n and new June lows. Losses in the Nikkei, after mixed O/N inflation and consumption data from Japan, added to the already sagging USD theme of the day. Tsy yields… Read more

USD/JPY A mixed day for the yen, but USD/JPY had some downside drama, breaking below the 200-DMA, again, the June lows at 101.60 and the 61.8% of the May-June rally at 101.57. A fresh drop in Tsy yields and early weakness in equities, plus a… Read more

USD/JPY A sharp, short break lower for USD/JPY below recent lows and the daily Kijun at 101.80-81 was precipitated by a huge downward revision to US Q1 GDP. Ancient history and skewed by healthcare stat adjustments (ACA), the data did not have lasting impact on… Read more

USD/JPY The USD firmed a bit today on decent new Home Sales and Confidence data, but it wasn’t enough to push USD/JPY out of the recent range between the Kijun at 101.80 and the 100-DMA at 102.22. There was an initial rise on the US… Read more

USD/JPY Above-f/c Markit Japan PMI and HSBC China PMI failed to do the Nikkei any favors o/n, leaving USD/JPY struggling until bids by the daily Kijun line and Friday’s low at 101.80-815 were reinforced by a spate of better-than-expected US data and firmer Tsy yields…. Read more

USD/JPY There was some catching up with recent Nikkei gains at week’s end, putting pressure on the yen. Rumors, then confirmation, Abe would make a speech about the new third arrow plan next Tuesday, after the Diet session’s end, raised some hopes the govt would… Read more

USD/JPY As the NorAm trading day wears down, USD/JPY’s only managed a 25 pt range, the bulk of it guided by the lingering, post FOMC Tsy yield drop o/n followed by a big rebound ahead of today’s 30-yr TIPS auction and after better-than-expected US Claims,… Read more

USD/JPY There was widespread USD selling after the mkts realized, for a second time, that higher Fed Funds (dots) estimates do not mean the Yellen Fed is yearning to raise rates. In fact, in Chair Yellen’s presser it was clear there are far fewer scenarios… Read more

USD/JPY An above-forecast US CPI report gave USD/JPY a lift with rising yield spreads, though prices barely penetrated the daily Cloud base at 102.22 before settling in ahead of the London close. USD/JPY hasn’t had much luck holding rallies beyond the daily Cloud (102.22-66 last)… Read more

USD/JPY Risk aversion kept the yen bid to begin the week, but ranges were tight ahead of the FOMC meeting on Wed. Solid US econ data was largely offset by the IMF’s sharply reduced 2014 US GDP f/c, with curve steepening dominating fairly tight Tsy… Read more