USD/JPY
Where could USD/JPY be headed next? Find out with our latest news and analysis on the US dollar against the Japanese yen. Also known as the Gopher, dollar-yen is one of the most-traded FX pairs globally.
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US dollar, GBP/USD, USD/JPY, VIX analysis: COT report
The BOJ's intervention prevented large speculators from reaching a record level of net-short exposure, asset managers continued to trim net-long exposure to the US dollar and US indices and also flipped to net-long the VIX.
USD/JPY: Bullish case eroding fast as US economic data rolls over
The game for USD/JPY changed last week. The likely intervention from the BOJ on at least one occasion to support the Japanese yen, coupled with a large reversal in US bond yields, means the extremely successful strategy of buying dips may have run its course near-term.
USD/JPY, USD/CAD, AUD/USD key levels into Nonfarm Payrolls (NFP)
The US dollar fell for a second day after the Fed closed the door on any further hikes. And that places today’s nonfarm payroll report (NFP) into focus. But given NFP’s tendency to beat estimates in recent history, perhaps the US dollar could be setting itself up for a bounce. We take a look at key levels for US dollar index, USD/JPY, USD/CAD and AUD/USD.
USD/JPY: Toppy US bond yields, BOJ intervention threat mean the game has changed
The suspected intervention from the BOJ this week has changed the game for USD/JPY, placing a rather large barrier in the way of further upside at a time when US bond yields were already looking toppy.
EUR/USD, USD/JPY Forecast: Two trades to watch
EUR/USD is rising post-Fed on USD weakness. USD/JPY steadies after another suspected intervention.
Another BOJ intervention may have just stole the show from the Fed
It was the Japanese yen which stole the show after Jerome Powell’s press conference, with USD/JPY falling over 450 pips on another suspected BOJ intervention.
GBP/USD, USD/JPY Forecast: Two trades to watch
GBP/USD falls ahead of the Fed. USD/JPY pair extends its rebound ahead of the Fed & after Japanese manufacturing PMI data.
EUR/USD, USD/JPY key levels heading into ISM, employment, FOMC
The US dollar has rallied on anticipation of a more hawkish Fed ahead of today's meeting. So we take a look at key levels for EUR/USD and USD/JPY.
Shellshocked USD/JPY holds ground, 6-day rally on AUD/USD: Asian Open
Despite the MOF's best attempts, USD/JPY is holding above 155 - a level traders are clearly watching. AUD/USD shows the potential to extend gains into 66c, but having risen for 6 days already then perhaps the upside potential it limited.
USD/JPY: Japan provides a big hint on what may prompt further BOJ yen intervention
Japanese officials had been warning for months that speculative moves in the Japanese yen would not be tolerated without elaborating on what exactly constituted a ‘speculative’ move. We may have just been provided the answer.
USD/JPY analysis: key levels to watch after suspected intervention
USD/JPY analysis: FX intervention causes big moves in popular trading pair. FOMC, NFP and PMI data among key macro highlights this week for US dollar. USD/JPY technical levels to watch include 155.00 support.
Forex Seasonality – May 2024: Pullback Potential in EUR/USD and GBP/USD?
May has historically been the second-worst month for EUR/USD (-0.62%) and GBP/USD (-0.37%) - see what to watch for from the other major currency pairs!
USD/JPY plunges 400 pips after suspected intervention
It was supposed to be a quiet day with Japan on a public holiday. Yet the initial rally to 160 may have irked central authorities enough to ditch their supposed day off, intervene and send USD/JPY 400-pips lower.
EUR/USD, GBP/USD flip to net-short, JPY shorts near record high: COT report
There seems to be no fear in shorting then yen, given large speculators pushed net-short exposure to the second highest level on record last week. EUR/USD and GBP/USD also flipped to net-short exposure.
USD/JPY: Japan was just given every excuse to trigger BOJ intervention
If Japan’s Ministry of Finance (MOF) was looking for a trigger to instruct the Bank of Japan (BOJ) to intervene in currency markets, they were just provided a big one. Expect heightened near-term volatility in USD/JPY on Monday.
USD/JPY analysis: BoJ disappoints as focus turns to intervention and US data - Forex Friday
Welcome to another edition of Forex Friday, a weekly report in which we highlight selected currency themes. In this week’s report, we will discuss the Japanese yen, US dollar and look ahead to the next week.
US Core PCE Preview: USD/JPY Flirts with 155 Ahead of Key US Inflation Report
Diverging interest rate expectations between the Federal Reserve and the rest of the developed world have been THE biggest story of the year for FX traders (USD/JPY in particular), and Friday’s Core PCE report will be the next major test to determine if that trend will carry over into Q2
DAX, USD/JPY Forecast: Two trades to watch
DAX rises with German IFO business sentiment data in focus. USD/JPY inches higher despite intervention threats and ahead of US durable goods orders.
USD/JPY analysis: Currency Pair of the Week - April 22, 2024
US GDP, Core PCE and BoJ policy are among the risk events this week for the USD/JPY currency pair, as the focus turns to sticky inflation and elevated interest rates narrative from Middle East concerns for now. USD/JPY technical analysis point to a potential rally above 155.00.
US dollar analysis: EUR/USD and USD/JPY remain in sharp focus - Forex Friday
US dollar analysis: Focus turns to sticky inflation and elevated interest rates narrative as markets regain their poise – for now – as Iran downplays the impact of Israel's strikes. The EUR/USD and USD/JPY will be in sharp focus with global PMIs and BoJ policy among other risk events coming up next week.
USD/JPY 155 in focus around US inflation, BOJ meeting: The Week Ahead
155 has become the latest 'glass ceiling' for the rapid rise of USD/JPY. And with a key US inflation report, BOJ meeting and potential for risk-off sentiment next week, this key level could be tested and prompt a response from Japan's central authorities.
USD/JPY, Nikkei 225: Even the strongest market trends are under threat
USD/JPY upside looks limited in the near-term, hindered by narrowing interest rate differentials and perceived increased risk of Bank of Japan intervention. The stronger yen may add to growing downside momentum in the Nikkei 225, putting two of the strongest market trends in 2024 under threat.
Japanese Yen Forecast: USD/JPY Rally Nears 155 – Is the BOJ “The Boy Who Cried Wolf?”
For USD/JPY, the next test to watch will be at 155.00, and if the MOF/BOJ fail to act if USD/JPY breaches that level, traders may start to turn their eyes up to 160.00 next