JPY Trading Outlook Archive

USD/JPY: The continuation of the post NFP made short USD/JPY relentless and even accelerated faster in London and NY session. The pair triggered stops below 102.90 and 102.64, by Fibo, Tenkan & Kijun lines. It broke the daily cloud base at 102.06, local bids at… Read more

USD/JPY: The pair tested support of 102.95 in Asia yesterday, the remainder of the sessions were above 103 area with a tight range in play 102.90-103.35. The pair remained relatively heavy as it was unable to break previous day’s high. Today we will have the… Read more

USD/JPY: Both Treasury yields and US equities fell on Friday, most yen crosses were overbought on daily studies, adding to the yen’s rebound. The pair initially reached to a high of 104.13 but slid all the way back down to 103.20 area. USD/JPY retraced 38.2%… Read more

USD/JPY: Tight ranges in play before the NFP of 103.80-104.10. Major move for the yen crosses would be EUR/JPY, dropped from a high of 143.44 to below 50% Fib of 142.62. Key support for USD/JPY would be 103.10 and key resistance will be at 104.59…. Read more

USD/JPY: Despite a relatively good ADP data, USD/JPY shoot off to the recent high 103.80-90 area but negative pull backs was mostly from EUR/JPY enduring heavy bunds selling to unwind last week’s ECB easing hints. The outlook for BOJ QQE2 before mid-years looks strengthening; rising… Read more

USD/JPY: In the heavy yen selling market, EURJPY was the overall winner out of the yen crosses. USD/JPY chiming in following the weak Tankan Q2 outlook results published on the same day as Japan’s sales tax which climbed to 8% for 5%. Investors are now… Read more

USD/JPY: The pair closed above the daily cloud base and Kijun by 102.50 into a break beyond the cloud top, down TL off the Jan 10 high and 50% of the 105.45-100.76 slide, all by 103.10. Weak Japanese IP and soft PMI on the eve… Read more

USD/JPY: The yen was sold far and wide from the London open, as Japan’s FY-end and lack of sustained yen gains. The pair made recent highs, the daily cloud base and Kijun by 102.50 were cleared and was set to be closed above finally. However,… Read more

USD/JPY: Nikkei started rallying in late Asia session which helped the pair pushed up to 102.45, close to bottom of the cloud. As US stocks turned lower, bears jumped in, USD/JPY slipped back to early 102 area. Short yen crosses is still a crowded trade… Read more

USD/JPY: USD/JPY and EUR/JPY were in a tight range sleeping mode at the start until large 10ET expires (4billion between 102/40) and the S&Ps/Nikkei ran into a spot of bother after the 5-years Tsy auction resulted in a decent drop in yield. EUR/JPY dropped below… Read more