USD/JPY

USDJPY Forecast: the anticipation of a tighter monetary policy at the next BOJ meeting has dominated oversold pressures on the USDJPY. Is there a reversal on the horizon?

USD/JPY formed a potential bullish reversal day at key support ahead of today's US inflation report. With decent GDP figures also helping crude oil prices post a decent day's gain.

DAX falls amid global tech rout, weaker German business confidence.USD/JPY drops to a 12-week low as the carry trade unwinds & on safe-haven flows.

USD/JPY is on a collision course with key support, plunging for a fourth consecutive day as carry trades involving the Japanese yen are unwound. It’s the kind of move you’d normally expect to see in a crisis, although we’re not in a crisis. Yet.

USD/JPY falls to a monthly low. EUR/USD falls after PMI data missed forecasts.

Hawkish comments from Japan's government officials and a general unwind of carry trades sent the yen higher across the board on Tuesday, with USD/JPY hinting at a fresh cycle low as we head towards US GDP and inflation data this week.

USDJPY Forecast: The US Dollar index steadies above 104 given an uncertain political atmosphere, but the USDJPY dips back near monthly lows amid monetary tightening expectations.

USD/CNH is threatening to break higher after the PBOC cut key policy rates, putting a potential retest of the 2024 highs on the cards. Given its historical close correlation with USD/JPY, renewed yuan weakness could drag other Asian currencies lower against the dollar.

It will likely take more than one bearish reversal candle to spoil the bullish trend structure of AUD/USD, and there's plenty of support nearby to excite dip buyers. USD/JPY has likely returned to a shell-socked state after a surge of volatility toppled the pair for a clear break below 160.

FFTSE inches higher after stronger GDP data. USD/JPY look to US CPI figures.

The ever-weaker yen allowed USD/JPY to drift higher for a third day, and now trades less than a typical day's range from the 162 handle - a level not tested since 1986. Wall Street indices reached record highs on dovish comments from Jerome Powell's testimony, and that bodes well for the ASX 200 today.

Despite rising expectations for a BOJ rate hike, the faster pace of Fed policies is set to drive greater volatility in the USDJPY chart.

Large speculators were on the cusp of reaching a record level of net-short exposure to yen futures last week, whilst they're also getting close to reaching net-long exposure to AUD/USD futures.

After a rare reversal in USD/JPY to start July, traders should be on the lookout for any follow through selling as expectations for Fed rate cuts this year swell. Considering higher US yields helped to propel the dollar higher, if you take that away, can the prevailing trend realty be maintained?

You get the feeling it’s only the US jobs market standing in the way between the Fed and the next easing cycle. That makes this Friday’s nonfarm payrolls report even more important, especially for markets that have been heavily impacted by rate differentials such as USD/JPY and USD/CNH.

Some traders view Kanda’s “lame duck” status as a sign that Japanese policymakers may not intervene until USD/JPY reaches closer to 165.

EUR/USD looks to eurozone inflation and Federal Reserve chair Jerome Powell. USD/JPY rises to fresh 38-year highs as the USD tracks yields higher.