USD/JPY is falling on Tuesday correcting Monday’s advance. Price remains close to key 140.00 zone. The dollar loses strength due to stability in bond yields and rises in the stock markets. The USD/JPY extended the retracement from 139.00 and fell to 138.03 on Tuesday, marking a new daily low. The pair is trading around 138.35, […]
Tag: USDJPY
USD/JPY faces next upside barrier at 139.50 – UOB
Continuation of the bullish bias in USD/JPY could challenge the 139.50 region once 139.00 is brokensay currency strategists from UOB Group, Quek Ser Leang, and Lee Sue Ann. 24 hour outlook: “Yesterday we indicated that the strong bullish momentum suggested a further advance, but a break of 139.00 was unlikely. Our view turned out to […]
USD/JPY Price Analysis: Rebounds to multi-week highs around 139.00
USD/JPY hit a fresh 7-week high at 139.00. Once the 139.00 figure is broken, USD/JPY’s year-to-date high is at 139.38 as the pair heads towards 140.00. The USD/JPY continued its rise, underpinned by rising US Treasury yields, on Monday, amid bearish sentiment fueled by Jerome Powell’s speech last Friday. He reiterated the Fed’s commitment to […]
USD/JPY trims gains from 139.00, remains firm
Rise in government bond yields continues to put downward pressure on the yen. The dollar with mixed results on Monday, remains firm after hawkish tones. USD/JPY pulls back after hitting 138.99 and trims gains. The USD/JPY trimmed gains in the European session and fell back to 138.36. The pair had reached as high as 138.99 […]
USD/JPY turns focus to 139.00 – UOB
The USD/JPY faces a possible move towards the 139.00 region in the coming weeks, say UOB Group FX strategists Quek Ser Leang and Peter Chia. 24 hour outlook: “The USD soared and closed at 137.52 (+0.75%) last Friday before jumping above 138.00 during Asian hours. Although the rapid rally seems to have been overdone, the […]
USD/JPY recovers 137.00 after Powell’s speech that strengthens the USD
USD/JPY advanced 0.56% on Friday amid a bear market environment. Fed’s Powell: “Restoring price stability will likely require maintaining a restrictive policy stance for some time” The money market futures odds of a 75 basis point Fed rate hike stand at 56.5%. The USD/JPY advances in the American session, following aggressive comments by Fed Chairman […]
USD/JPY positive near 137.00, ahead of key event
The market is in standby mode, looking at Jackson Hole. Jerome Powell will give a speech, which will be closely watched with great potential. The dollar with mixed results in the prior, the yen among the weakest. The USD/JPY rose during the Asian session at a moderate pace and peaked in Europe at 137.11, the […]
USD/JPY trims losses after US data, approaches 137.00
US growth and employment data beat expectations. The dollar is favored while the yen falls on rising yields. USD/JPY continues to move sideways with no clear direction ahead of the Jackson Hole symposium. The USD/JPY bottomed on Thursday at 136.29 and then started a rebound, which was accelerated by the release of US economic data. […]
The Japanese government maintains the view that the economy is gradually improving
In its monthly financial reportthe government of Japan maintained the view that its economy is “moderately picking up”while raising the prospects for factory output. Key points “The economy is picking up moderately.” “It is expected to pick up in the future, as we are willing to take all possible measures to avoid infections as socioeconomic […]
USD/JPY retests 137.00 amid modest USD strength
USD/JPY is back above 137.00 during the early North American session. The renewal of dollar purchases and the further rise in US bond yields remain supportive of the upside move. Recession fears could offer support to the safe-haven yen and sustain gains. The USD/JPY pair attracts some buying on the dips near the 136.20-136.15 area […]