USD/JPY

Stay in step with market opportunities and get insights, actionable trade ideas and dedicated support.

  • Newest
  • Popular
Yen, Euros and dollar currency bills and notes

EUR/USD, USD/JPY implied vols rise ahead CPI and GDP data: European Open

With a host of inflation data from Europe and GDP data for the US, implied volatility has picked up to wake markets up from their post-Thanksgiving lull. Today we take a look at USD/JPY and EUR/USD for a potential setup.

default avatar
November 29, 2023 04:52 AM
Currency exchange rate board of multiple currencies

AUD/USD hits resistance pre-CPI as USD/JPY, USD/CNH probe support: Asian Open

With USD/CNH and USD/JPY probing key support levels, we may require a break of them for AUD/USD to stand a chance of continuing its strong rally (which met strong resistance on Tuesday). Unless of course Australia is treated to an uncomfortably hot inflation report today, which could fan fears of another RBA hike.

default avatar
November 28, 2023 09:46 PM
japan_08

Yen bulls return, EUR/USD benefits from soft dollar bets: COT report

When yen bulls increase their long exposure by 40% in a week, it is probably worth noting. Especially when large speculators had pushed net-short exposure to a 6-year high the week prior. Every turning point must start somewhere, and I continue to suspect this turning point already has.

Why trade with City Index?

Tight spreads from 0.5 pts on FX and 0.3 pts on indices.


Award-winning platforms with fast and secure execution.

N_A_Promo_Block_BG_Comp
USA flag

Nasdaq 100 overcooked, USD/JPY underdone given the shift in US yields

After a near 15% rally in under a month, the high-flying Nasdaq 100 looks tired on the charts, struggling to add to gains despite a continued pullback in US bond yields. In contrast, USD/JPY gives the impression it’s only starting the process of adjusting to the more placid US yield environment.

default avatar
November 27, 2023 11:59 PM
japan_03

USD/JPY bulls eye break of 150, Crude oil is flat for the year: Asian Open

A sharp reversal on USD/JPY last week brings a potential break above 150 in to focus, assuming the US dollar can find a bid and USD/CNH continues to hold above its 200-day MA. Meanwhile, crude oil has handed back all of its 2023 gains and it is a very fine line before the bias for a move to $80 becomes invalidated.

default avatar
November 26, 2023 09:58 PM
germany_01

DAX, USD/JPY Forecast: Two trades to watch

DAX slips as German recession worries rise. USD/JPY falls as Japanese CPI rises and ahead of US PMIs.

default avatar
November 24, 2023 08:44 AM
Graphic of trading data chart

US dollar bears running out of steam? AUD/USD, USD/JPY: Asian Open

We watched with bated breath to see if USD/CNH would break its 200-day average on Tuesday and pave the way for the next bout of US dollar weakness. Yet with that key level holding as support, it leaves room for some US dollar strength, a higher USD/JPY and weaker AUD/USD.

default avatar
November 21, 2023 10:26 PM
united_kingdom_03

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

GBP/USD rises ahead of tomorrow’s Autumn budget. USD/JPY falls ahead of FOMC minutes.

Multiple Euro bank notes in 20€, 50€ and 100€

AUD/USD rises as RBA min retain hawkish bias, USD/JPY, USD/CNH slide continues

There was a risk that the RBA’s minutes were more hawkish than their November statement had let on, and this certainly seems to be the case. And hawkish minutes alongside a lower USD/CNH and USD/JPY have helped AUD/USD test a new cycle high today. Can it now gun for 66?

default avatar
November 21, 2023 01:47 AM
Research

EUR/USD, USD/JPY, Nasdaq, crude oil analysis: COT report – Nov 20, 2023

EUR/USD bears continued to trim shorts while large speculators added to longs. Whilst this might not be a bullish bet on the strength of Europe, it may well be a bet against the US dollar. And with the 2-year note holding above key support and shorts being trimmed, it hints at lower yields and a weaker US dollar.

PRC China and US flags overlapping

USD/JPY, AUD/USD: Chinese yuan strength a bullish signal for Asian FX names

The latest episode of US economic exceptionalism may be coming to an end, resulting in US bond yields and US dollar coming off their highs. Major Asian FX names like the Japanese yen and Chinese yuan have been taking note, strengthening further against the buck on Friday.

default avatar
November 20, 2023 01:16 AM
japan_03

Japanese yen analysis: USD/JPY, CAD/JPY and GBP/JPY provide reversal hints

The Japanese yen has finally found some much needed support this week. It is all to do with the falls in global bond yields, and the unwinding of carry trades. US yields slumped earlier this week after US CPI fell more than expected, cementing expectations that the Fed (and other central banks) will no longer raise rates further

default avatar
November 17, 2023 04:28 PM
united_states_05

Gold, USD/JPY: Batter up, bond auctions. It’s your turn to steal the spotlight

In a week when there’s little market moving macroeconomic events scheduled, fresh US Treasury auctions are likely to steal the spotlight. Yield sensitive assets such as gold and USD/JPY will be paying particularly close attention.

default avatar
November 17, 2023 01:59 AM
japan_02

USD/JPY, Nikkei 225: It’s no longer about inflation but the global economic outlook

The US consumer price inflation (CPI) report for October had an immediate and significant impact for markets, including USD/JPY and Nikkei 225. Attention is now likely to shift to whether we see a hard economic landing.

default avatar
November 14, 2023 11:15 PM
Research

EUR/USD, USD/JPY key levels ahead of US inflation: European open

Once again, the 1-day implied volatility levels for EUR/USD and USD/JPY have blown out ahead of a busy calendar. Central bank members from the Fed, ECB, BOE and SNB will hit the wires, European GDP is also on tap ahead of the key US inflation report.

inflation_01

US Dollar Analysis: USD/JPY Tests 30+ Year Highs Ahead of US CPI

With the decline in the inflation rate seemingly stalling, a higher-than-expected inflation reading is likely to be more impactful to markets.

default avatar
November 13, 2023 04:05 PM
Oil extraction

Oil, USD/JPY forecast: Two trades to watch

Crude oil falls as demand concerns weigh. USD/JPY rises to a yearly high.

default avatar
November 13, 2023 08:35 AM

Open an account in minutes

Experience award-winning platforms with fast and secure execution, and enjoy tight spreads from 0.5 pts on FX and 0.3 pts on indices.

N_A_Promo_Block_BG_Comp
japan_06

USD/JPY: Weakening upstream inflation bodes ill for BOJ wage acceleration

USD/JPY is trading 40 pips away from multi-decade highs as upstream inflationary pressures in Japan are coming off hard. Perhaps that explains we've had no verbal intervention attempts from the government today?

default avatar
November 13, 2023 02:02 AM
united_kingdom_02

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

GBP/USD struggles as UK GDP stalls. USD/JPY grinds higher after a hawkish Fed Chair Powell.

default avatar
November 10, 2023 08:46 AM
Graphic of trading data chart

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

EUR/USD holds above 1.07 ahead of ECB Lagarde & Powell’s speech. USD/JPY is on intervention watch ahead of Fed Chair Powell & jobless claims.

Close-up of bank notes in different currencies

USD/JPY rises to resistance, USD ready to retrace? Asian Open

If the BOJ were going to intervene, it could be argued they'd have done it already. But that doesn't mean the market can't do some of the work for them by sending USD/JPY lower from key resistance levels. And if the US dollar pulls back as I suspect, it places USD/JPY short onto the watchlist.

default avatar
November 8, 2023 09:44 PM
japan_03

USD/JPY, Nikkei 225: Narrowing yield differentials with the US amplify downside risks

If you believe the Fed is done hiking rates and will be forced to ease policy aggressively next year, it’s hard to be bullish USD/JPY or the Nikkei 225 given the role yield differentials and FX fluctuations have played in underpinning both this year.

default avatar
November 6, 2023 01:24 AM
Graphic of trading data chart

USD/JPY holds support, DAX breaks 15k: European Open – Nov 2, 2023

The DAX may have broken the 15k level, but it remains within a bearish channel and resistance zone on the daily timeframe – so I’m looking out for a potential swing high once its current rally has petered out. USD/JPY has found intraday support around a cluster of technical levels, which paints a near-term bullish bias.

default avatar
November 2, 2023 06:04 AM