JPY Trading Outlook Archive

USD/JPY: The pair was under pressure due to weaker stock prices. The 200 HMA 102.15-20 held after many attempts to try and break through it. Market seems to be well bid until Friday Tokyo CPI releases which will give market a better idea as to… Read more

USD/JPY: The yen strengthened a bit as one of the WSJ article stated that the BOJ was considering moving their inflation target higher next week which increased concerns in the market may have to wait longer for the QE2. The Kijun line at 102.70 has… Read more

USD/JPY: Tight range trading being played, roughly 102.50-102.70, supported by a positive tone in the equity market. The GPIF story added optimism for the Japan bulls in what is sure to be a big week for the country as it looks to put a stalled… Read more

USD/JPY: The pair got past the 38.2% of the April range that capped prices at 102.38. The pair was already above 102 and rising into the NY open after the o/n slide to the 100-HMA, partly inspired by Yellen’s dovishness late Wed and the confirmed… Read more

USD/JPY: After six straight failed attempts to push the pair lower, bears finally gave up and the USD/JPY finally pushed back above 102 with the help of recovered Nikkei. USD/JPY has run into the daily cloud base and the 38.2% of the April wide by… Read more

USD/JPY: Offers by 102 capped the USD/JPY again yesterday, Unlike Monday, the push was below the hourly cloud. But Nikkei tends to open higher today which could help the pair to rally above 102 area. Given today’s post Abe-Kuroda meeting comments, launching QQE2 at the… Read more

USD/JPY: The Nikkei joined other major equity markets in recovering which helped the pair rallied to a high of 102. However offers at 102.10-20 drifted the pair back down to the 100-HMA & Cloud top. If 100 HMA & Hourly cloud breaks, market would try… Read more

USD/JPY: The pair remained in a range play mode of 101.30-101.80. However, the fact that 101.20 was unable to break while Nikkei futures made new lows for the year o/n created some doubts about s-t USD/JPY downside. For now, the pair need to either break… Read more

USD/JPY: Both USD/JPY and Nikkei futures broke below their up TLs off the ’14 lows o/n. The Nikkei then fell through its March lows. Japanese importers are heavy bidders at 101.20, March low and into 101 and 100.80, though the 200-DMA is at 100.81 and… Read more

USD/JPY: Given the dovish FOMC minutes, the trendline held and prices dipped to 101.72, at which point the risk-on lift in the Nikkei offset the drop in 2 year yield spreads. Tuesdays 101.55 low is at the up TL off the Feb & March lows…. Read more