JPY

The divergence between market positioning and yen futures pricing continues to widen, with large speculators piling into fresh long bets and dragging net-short exposure lower.

A fiat currency is a monetary instrument backed by a national government like the British pound or Canadian dollar. Learn how fiat currencies operate and how they compare to other types of money.

Fundamental trends show no imminent signs of reversing, but CAD/JPY’s chart nonetheless suggests that there may be an opportunity for one or both of these currencies to reverse some of this year’s moves.

Weak industrial data for Japan, hawkish comments from the Fed’s Waller and increased appetite for risk has seen the yen weaken in today’s Asian session.

Looking ahead, expectations for FOMC policy will be a major driver for USD/JPY...

If inflation prints at expectations, it would be the first meaningful decline in the annualized inflation rate since the depths of the COVID recession...

A war nearly 5,000 miles from Washington DC with minimal direct economic implications on the US will not deter the Fed from raising interest rates this month...

It was a volatile week of trade amidst the carnage of Russia’s invasion, of Ukraine, and traders would be wise to remain nimble as the situation remains fluid.

Today’s main calendar event is the preliminary read of the University of Michigan’s consumer report, which also includes inflation expectations.

USD/JPY fell below 113 for the first time in a month following strong producer prices. And we suspect that area will be pivotal around today’s inflation print.

With just two trading days left to go, September has lived up to its reputation of being the weakest month of the year for U.S. equities buffered by a series of volatility triggers.

After a very close contest, the centre-left Social Democrats (SPD) narrowly won the German election, putting them in power for the first time in 16 years. Well, kind of.

Fears of Chinese property developer Evergrande becoming a “Lehman type” moment for markets have eased, sparking hopes of a turnaround Tuesday session in risky assets.

If yields continue moving lower over the next few weeks, USD/JPY should move with it

Whilst not at an alarming rate, US equity markets continued to pull back from their highs as concerns over the economy lingered.

USD/JPY is currently trading between tight resistance and support

After Jackson Hole, the monthly US jobs reports may be the most important regularly-occurring economic data for traders to watch in the coming months...