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USD/JPY Support Test 151.95, EUR/JPY Resistance 160.00

Japanese Yen strength has taken a step back in December, and USD/JPY is testing a big spot of support as EUR/JPY tests a key spot of resistance.

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USD/JPY Pulls Back as EUR/JPY Tests Key Resistance at 160.00

JPY strength ran into the December open but since USD/JPY and EUR/JPY set fresh lows last Tuesday, prices have been pulling back.

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December 9, 2024 07:40 PM
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Yen Strength Returns: USD/JPY, EUR/JPY Sell-Offs Gain Steam

Both USD/JPY and EUR/JPY have sold off over the past week and with the BoJ policy review expected in a couple of weeks, Yen-strength scenarios seem to be gaining steam.

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December 2, 2024 07:26 PM

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Japanese Yen Technical Outlook: USD/JPY, EUR/JPY, GBP/JPY

Yen weakness has hung around and USD/JPY and GBP/JPY both retain bullish appeal. But for those looking for Yen-strength, perhaps in anticipation of next month’s policy review from the BoJ, EUR/JPY could hold greater attraction.

Yen, Euros and dollar currency bills and notes

USD/JPY, EUR/JPY, GBP/JPY: Japanese Yen Technical Analysis

Yen-weakness has remained through Japanese general elections and both EUR/JPY and GBP/JPY have put in clean breakout moves from ascending triangle formations.

Forex trading

USD/JPY Tests 150 Break, 200-DMA, 151.95 Overhead

The 150 level had held as resistance in USD/JPY until this week’s US open, at which point another DXY-fueled breakout appeared. The next major level up is the same that held multi-year highs in the pair in Q4 of each of the past two years.

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Japanese Yen Forecast: USD/JPY Nears Major Decision Point

For FX traders the USD/JPY backdrop has been full of intrigue for the past couple years, and that story isn’t yet over as the pair nears the spot that’s been the scene of some major drama in the pair after the build of the carry.

Research

USDJPY, Silver Forecast: Positive Trends on Dollar and Metals

USDJPY, Silver Forecast: As the U.S. dollar strengthens and uncertainty persists around monetary policies, elections, and geopolitical tensions, both USDJPY and Silver are proceeding through the third week of October on a positive note.

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October 14, 2024 09:14 AM
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USD Rallies to 103 as Gold Strength Continues: EUR/USD, USD/JPY in Focus

The USD extended its bullish trend this week but perhaps the larger focal point was Gold, defending 2600 and continuing the rally. For next week, USD/JPY resistance and EUR/USD pullbacks are in focus.

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USD/JPY: The Big Zone is Almost Back in-Play

USD/JPY has shown a strong trend after the false breakdown at 140.00 last month. And price action has shaped the narrative, with many proclaiming the return of the carry trade even as the Fed is expected to cut heavily next year.

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October 10, 2024 07:39 PM
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USD/JPY Rally Runs But is This Return of Carry or Short Cover?

Just last week USD/JPY was re-testing a key low at 141.69. A week later after a strong NFP report and many are proclaiming the return of the carry trade, even with the Fed expected to continue cutting rates through the end of next year.

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October 7, 2024 07:30 PM
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USD, USD/JPY Spike to Start Q4: DXY Already Overbought on H4

It’s been a fast start to Q4 for the US Dollar. The turn in EUR/USD was a big driver yesterday and today, USD/JPY has taken over with buyers continuing a strong bounce from the Monday low.

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USD/JPY Bounce from Key Support, Can Bulls Take Back Over?

USD/JPY put in a massive sell-off last Friday and that looked similar to carry unwind themes of a couple months ago. But price found support at a key spot to start this week and another bounce theme is now underway.

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September 30, 2024 07:41 PM
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AUD/JPY, EUR/JPY: Bearish breakout risk grows on BOJ intervention threat

AUD/JPY and EUR/JPY are sandwiched between range highs and uptrend support, meaning traders should be on alert for potential bearish and bullish breakout this week with big event risk in the United States and Europe approaching fast.

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April 8, 2024 07:04 AM
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USD/JPY, Nikkei 225: BOJ scraps negative rates but not bond buys, pressuring yen

A historic day for Japanese markets with the Bank of Japan (BOJ) hiking interest rates for the first time since 2007, doing away with negative interest rates in the process. It’s now over to the Fed to drive the price action over the remainder of the week.

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March 19, 2024 04:21 AM
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USD/JPY, AUD/JPY forecast: The yen strengthens on slightly hot CPI data

Japan's core CPI didn't fall below the BOJ's 2% target, although it did match it. Which has seen AUD/JPY and USD/JPY retrace further from their highs in light of yen strength.

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February 27, 2024 12:54 AM
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USD/JPY, VIX, S&P 500, WTI, gold: Commitment of traders report (COT)

Open interest has fallen notably on USD/JPY since its failed ‘bid’ for spot prices to break and hold above 150. And that further suggests a glass ceiling for prices. Japanese yen futures also saw grow longs increase by 19.6%, although traders remained heavily net-short.

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Japanese Yen Analysis: USD/JPY, EUR/JPY, and GBP/JPY Bullish Outlooks Under Threat

With EUR/JPY and GBP/JPY testing critical support, price action over the next 30 hours will go a long way toward determining if the year-to-date trends extend or end from here...

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USD/JPY: BOJ intervention risk escalates but will it actually work?

Japanese officials are threatening to intervene in FX markets again, prompted by the USD/JPY surging over 2% since the start of September.

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September 6, 2023 01:28 AM
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USD/JPY: BOJ quest for sustained inflation has a long way to go

Japan’s export sector is benefitting from the weaker JPY but that’s not flowing through to the broader economy yet.

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September 5, 2023 02:42 AM
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USD/JPY: BOJ FX intervention may be ineffectual

Another way to support the Japanese yen may be for the BOJ to stop intervening in markets.

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August 17, 2023 01:56 AM
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Japanese yen analysis: USD/JPY uptrend intact as bulls eye 138.00

USD/JPY remains in an uptrend after testing rising trend line support and the 50-day EMA midway through last week.

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Yen outlook: The BOJ tease yen traders with policy shift

BOJ governor Ueda said that the central bank could cancel YCC and shrink their balance sheet, if their price targets are met in a 'sustainable, stable manner'.

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May 9, 2023 04:27 AM