JPY Trading Outlook Archive

USD/JPY A little something for bulls and bears in USD/JPY today, as prices fell toward this year’s 100.76 lows only to ricochet up to and just through the last two day’s 101.60 highs in NorAm trading. Tsy yields and Nikkei futures never backed the o/n… Read more

USD/JPY Yen pairs were heavy again, led by antipodeans. A rebound in the Nikkei o/n was fleeting and followed by more weakness in stocks in NorAm trading. AUD/JPY has plunged through much of its daily Cloud and gotten well inside the weekly one. Yen-funded carry… Read more

USD/JPY The slow but steady erosion continues in USD/JPY despite hefty pre-tax-hike demand showing up in things like today’s Machine Tool Ords (+19.1% m/m). To some extent, the fact that so much demand was accelerated ahead of the April tax hike means that the drop-off… Read more

USD/JPY EUR/JPY remained heavy into week’s end, but USD/JPY and most of the other crosses simply consolidated recent yen gains in keeping with the broader financial market theme of the day. EUR weakness on poor local data and ECB easing expectations has accentuated the risk-off… Read more

USD/JPY A risk-off NorAm session, at first driven by weak EZ GDPs, but then by a plunge in US IP, forced yen-funded trades to be exited as Tsy yields tumbled again and stocks followed suit instead of taking the drop in yields as an excuse… Read more

USD/JPY Other than a tiny blip up after US PPI came in above forecast, USD/JPY remained near the 101.71 session lows in NorAm trading. Hefty bids noted at 101.70 on the toy, with good Japanese bids noted at 101.50 on top of the string of… Read more

USD/JPY Bad news was good news for the USD/JPY after a fashion, as below-f/c US Retail Sales and soft Im/Ex Prices hurt Tsy yields, and the USD for a little while. Eventually, though, the drop in yields fueled fresh demand for stocks, in the US… Read more

Yen Crosses: USD/JPY Technical disaster was averted Friday when EUR/JPY’s breach of key supports by 140 could not be sustained into that day’s close. Monday trading was above the 140.02 daily Cloud base and most of Friday’s losses were retraced. Just how forceful any ECB… Read more

Yen Crosses: EURJPY was further dragged down by the ECB statement to the import support of 139-70-140 zone. The daily cloud base, 50% of the 136.25-143.29 rise and March-April lows were all removed near there and a close below it for the week is threatened…. Read more

USD/JPY EUR/JPY led the way down for yen pairings today after the ECB announced no policy changes, then Draghi laid the foundations for June easing during his presser. EUR/JPY is well below its up TL from Apr ’13 lows, Friday at 141.38. The daily Cloud,… Read more