JPY Trading Outlook Archive

USD/JPY For the sixth time in four months, USD/JPY prices have fallen into the lower 101.00s and found demand there from Japanese importers and a shrinking number of spec traders looking for values as well. But unlike the preceding four pullbacks, this one comes after… Read more

USD/JPY: London’s return from its bank holiday brought a swathe of USD/JPY sales, amid broad USD selling. Macro selling into early NorAm trading got it down to the up TL off last June’s lows at 101.49. Equities, outside of EM, struggled as the day wore… Read more

USD/JPY New York took a brighter view of the yen pairs to begin the holiday-thinned week, seeing the o/n yen gains as likely remnants of Friday’s post-payrolls position flushout and pricing in of deadly events in Ukraine and spurious HLs about Russian war plane movements…. Read more

USD/JPY spiked beyond its daily Cloud top at 102.84 before faltered in front of the 61.8% of the early Apr slide at 103.06 in the wake of the strong US NFPs. Surging Tsy ylds did the heavy lifting as the holiday-thinning and BOJ’s wait-and-see left… Read more

USD/JPY A 24-pip range in USD/JPY in holiday-thinned trade and with conflicting US econ data du jour. Some lingering weight on Tsy yields and the USD due to the shock miss in GDP and today’s weak Construction Spending that implies GDP should be revised to… Read more

USD/JPY: was on the rebound heading into the NorAm day, but was derailed by a huge miss in US GDP that overshadowed the 220k ADP result. The then hourly Cloud base by 102.30 had held in the wake of the BOJ meeting and local data… Read more

USD/JPY: NY took the pair through April 22 high, 50% Fibo and Kijun line resistance at 102.73, but the effort was a futile one, as the day’s high of 102.79 followed quickly and fell shy of 102.84 daily cloud top. S&P and N225 futures held… Read more

USD/JPY: After four hours of knocking on the 200-DMA resistance by 102.40, USD/JPY finally got beyond it and some light buy stops, as well as light exporter offers at 102.50. The latter was cleared after the 10ET options cut and after better-than-expected US Pending Home… Read more

AUD/USD opened on the highs and finished on the lows in a NorAm session dominated by worries about Russia and China. EM/high beta currencies remain at risk with tensions high over the Ukraine ultimatum and the continued slide of the CNH. The conversation regarding the… Read more

USD/JPY: Once again, 102.70 held the topside of the pair. Traders jumped moved back to the safe heavens (JPY, CHF and XAU) as Ukraine has issued an ultimatum to the Russians, due on Saturday to explain their presence and activity on the borders. Japan bulls… Read more