USD/JPY rises to near 143.00 following lower-than-expected Japan GDP data – FXStreet
USD/JPY snapped a four-day losing streak following weak Japanese GDP data on Monday. Friday's U.S. labor data reduced the chances of a bold Fed interest rate cut in September. The CME FedWatch tool suggests the probability of a 50 basis point Fed rate cut has slightly decreased to 29.0%. USD/JPY halted a four-day losing streak […]
USD/JPY retreats over 50 pips from Asian session peak, slides below mid-147.00s – FXStreet
USD/JPY gained some positive momentum on Monday but struggled to capitalize on the move. Diverging policy forecasts from the Bank of Japan and the Federal Reserve proved to be the main factor restraining further gains. A positive risk stance could weaken the safe haven yen, providing some support to the currency pair. The USD/JPY pair […]
USD/JPY surges above 149.00 after upbeat US data – FXStreet
USD/JPY picked up bullish momentum and rose above 149.00. Strong US retail sales and jobless claims data will boost the US dollar. The US Dollar Index rose more than 0.5% on the day to above 103.00. USD/JPY picked up bullish momentum in the US market on Thursday, breaking out of a one-week range. At the […]
Goldman Sachs: Looking for opportunities to engage in USD/JPY longs but just not yet – ForexLive
USD/JPY Daily Synopsis: Goldman Sachs has analysed the recent USD/JPY sell-off and expects a stabilisation near the 150 level, outlining a cautious approach to re-entering long positions. Key Point: Recent USD/JPY movements: decline: USD/JPY has fallen nearly 10 from a peak of around 162 in early July. factor: This big move was driven by a […]
USD/JPY drops below 155.00 mark for the first time in seven weeks – ForexLive
USD/JPY daily chart This week has seen a recurring theme of the Japanese Yen garnering some buying orders in currency deliveries from Asia to Europe. And overall, the Yen itself has held up across the board, even as the dollar has also held up against other currencies in the major currency zone. And this is […]
USD/JPY drops below 156.00 amid suspected BoJ intervention – FXStreet
USD/JPY lost momentum around the 155.75i range in early Asian trading on Thursday, down 0.30% from the previous day. Japan’s exports increased for the seventh consecutive month in June. The growing likelihood of a US interest rate cut and a dovish message from the Fed is likely to cap the upside for this currency pair. […]
USD/JPY update, having a Freaky Friday – ForexLive
First, let’s look at how we got here. Thursday US time: Asia, Friday morning: As soon as I published my last post I was branded a liar and it plummeted again to below 158.20. The Bank of Japan has been active, with the Nikkei newspaper reporting a series of “interest rate checks” (explained below where […]
USD/JPY trades with positive bias near 161.00, just below its highest level since 1986 – FXStreet
USD/JPY remains at its highest level in decades as the interest rate differential between the US and Japan widens. Fears of intervention may discourage bulls from making fresh investments in major currencies. Traders are now looking to the US ISM Manufacturing PMI for near-term momentum. The USD/JPY pair started the new week on a subdued […]
US Dollar Index Prints a One-Month High, USD/JPY Rallies Post-BoJ Meeting – DailyFX
US Dollar Index hits highest in one month, USD/JPY falls after Bank of Japan meeting Recommended by Nick Corley Forex for Beginners The US Dollar Index continues its recent upward trend, supported by declines in the Euro and the Japanese Yen. The Euro fell in the wake of last weekend’s European Parliament elections and expectations […]
USD/JPY approaching 157.40 amidst broad Yen weakness – FXStreet
The US dollar/yen rose on Wednesday as yen selling continued. Yen traders will be keeping a close eye on Tokyo CPI inflation figures on Friday. This week, US GDP and PCE inflation will be key data points for rate cut hopefuls. USD/JPY moved to higher territory, trading near the $157.40 mark on Tuesday, as a […]