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USD/JPY

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GBP/USD, USD/JPY Forecast: Two trades to watch

GBP/USD jumps after hotter-than-expected CPI data. USD/JPY rises ahead of FOMC minutes.

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USD/JPY: Difficult for Fed to abandon higher for longer with no new data for guidance

With no new information for the Fed to consider this week, it’s difficult to see their narrative shifting from it still being far too soon to consider rate cuts. That points to upside risks for USD/JPY in the days ahead.

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May 20, 2024 09:39 AM
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USD/CNH, USD/JPY, AUD/USD: China’s spluttering economy weighs on Asian currencies

China’s fledgling economic recovery suffered another setback in April with activity indicators mostly disappointing, especially regarding the beleaguered property sector. The news weighed on the Chinese yuan and other Asian currencies, such as the Japanese yen and Australian dollar.

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May 17, 2024 02:48 PM

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USD/JPY, DAX Forecast: Two trades to watch

USD/JPY falls post-CPI & with jobless claims up next. DAX reaches record high as US CPI euphoria spreads.

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AUD/USD breaks out, USD/JPY rolls over amidst worst day of 2024 for USD

The US dollar suffered its worst day of the year and Fed fund futures now imply with near certainty that the Fed will cut by September. And that saw AUD/USD breakout in style and USD/JPY roll over, breaking below two handles on Wednesday.

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EUR/USD, USD/JPY Forecast: Two trades to watch

EUR/USD rises ahead of US inflation data, Eurozone GDP figures. USD/JPY falls with US data in focus & on intervention warnings.

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Nikkei 225 faces crucial technical test as USD/JPY correlations go AWOL

Japan’s Nikkei 225 faces an important technical test today, pushing back to towards a resistance zone it’s been unable to break for weeks. With risk appetite rampant and softer yen helping to juice the earnings outlook for exporters, if bulls can’t reclaim the ascendancy today, when will they ever?

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May 15, 2024 09:08 AM
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US CPI Preview: USD/JPY Vulnerable as Leading Indicator Points to a Decline in Inflation

USD/JPY could be vulnerable as cooling ISM Prices Paid and disinflationary base effects point to a potential decline in CPI inflation this month

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May 15, 2024 01:21 AM
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Futures traders reduce yen speculation after BOJ intervention: COT report

With asset managers and large speculators trimming long and short exposure to yen futures, their appetite to speculate on the currency appears to be waning after BOJ interventions.

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USD/JPY analysis: Will MoF/BoJ intervene again as focus turns to US CPI?

Investors will be looking forward to the release of Consumer Price Index (CPI) on Wednesday, which is going to be the next big catalyst for the dollar and markets in general. The USD/JPY outlook could change dramatically should Japan intervene again.

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May 12, 2024 12:00 AM
Research

EUR/USD, AUD/USD, gold look set to take advantage of US dollar weakness

The US dollar snapped its 3-day winning streak and formed a bearish outside day, helping gold reach our upside target. EUR/USD and AUD/USD are now eyeing a move towards key resistance levels.

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GBP/USD, USD/JPY Forecast: Two trades to watch

GBP/USD falls ahead of the BoE rate decision. USD/JPY rises despite a more hawkish BoJ.

USD/JPY, GBP/USD, gold forecast: Technical levels for May 8, 2024

GBP/USD could extend its losses despite the US dollar 'rebound' already losing steam, whilst gold's base looks set for a bullish breakout and USD/JPY might achieve another leg higher before it tops. In my opinion, at least.

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Japanese Yen Forecast: USD/JPY Caught Between Key Levels at 152 and 155

USD/JPY is bouncing between two previous supposed “lines in the sand” for Japan’s Ministry of Finance at 152.00 and 155.00, but the risks may be tilted to more upside from here.

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May 8, 2024 03:36 AM
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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.

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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.

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May 6, 2024 10:20 AM
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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.

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May 3, 2024 05:01 PM

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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.

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May 3, 2024 11:00 AM
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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.

Forex trading

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.

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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.

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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.

Research

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.

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April 30, 2024 08:44 AM