#Japanese Yen

An Orderly Retreat For The U.S. Dollar Versus The Japanese Yen

The U.S. dollar versus the Japanese yen has enjoyed a year-long uptrend. However, breakouts have attracted sellers. Key trendline support has helped maintain the momentum. A policy divergence between the Fed and BoJ may now support the technicals. When I wrote about the fresh milestone and breakout for the U.S....
Picture for An Orderly Retreat For The U.S. Dollar Versus The Japanese Yen

Microsoft to acquire a major US game company for about 7.8 trillion yen

Microsoft, an American IT giant, announced that it will acquire an American game giant that handles popular games such as "Call of Duty" for about 7.8 trillion yen in Japanese yen, and it is said to be the next form of the Internet. Our policy is to expand the space and metaverse business.
Picture for Microsoft to acquire a major US game company for about 7.8 trillion yen

Japanese Yen Sellers Eye 116+ in USD/JPY on BoJ’s Policy Stance

The Japanese Yen remained an outperformer among major currencies at the midweek but strategists at BMO Capital Markets say it should fall to 116 against Dollar this month and that it could even decline as far as 120 later in the year due to Bank of Japan (BoJ) monetary policy.

A brief rebound in the US dollar / yen as the Bank of Japan crushes recent speculation

Bank of Japan changes inflation outlook as expected. Bank of Japan Governor Kuroda Recent speculation, yen slips initially. Overnight, the main highlight was the Bank of Japan’s Monetary Policy Conference. There, the authorities did not change their policies as widely expected, keeping interest rates at -0.1% and the 10-year Treasury yield target at 0%. In response to the expectations of many market participants following a series of sources reports, the World Bank said the risks to the price outlook were “almost balanced” from “distorted to down”. However, the Bank of Japan’s Governor Kuroda said in response to this decision, the Bank of Japan had not considered raising interest rates at all or adjusted current monetary easing for the rest of the period ending April 2023. It shattered recent speculation. Test 115.00 in the relax of a trader running the BOJ’s speculation ahead of schedule and slip a little. However, with market participants returning to yield monitoring, the US 10-year pullback was 1.83%, and subsequent pullbacks of the entire stock space supported the Japanese yen as the US curve continued to flatten. I am.

Japanese Candlesticks Analysis 18.01.2022 (EURUSD, USDJPY, EURGBP)

As we can see in the H4 chart, the asset has formed a Hanging Man reversal pattern close to the resistance level. At the moment, EURUSD is reversing and may form a new correctional impulse. In this case, the downside correctional target may be at 1.1370. However, an alternative scenario implies that the price may grow to reach 1.1500 and continue its ascending tendency without testing the support area.

Japanese Yen Dips, BoJ Meeting Next

The U.S. dollar has edged higher at the start of the week. In the European session, USD/JPY is trading at 114.56, up 0.36% on the day. The yen is coming off its best week since November 2020, with USD/JPY falling by 1.15% last week. U.S. Treasury yields have taken the...

Japanese Yen Fundamental Forecast: USD/JPY Eyes Bank Of Japan

The Japanese yen outperformed versus G10 peers last week, reversing the recent trend. The Bank of Japan rate decision is expected to bring about changes to the inflation outlook. Japanese yen weakness is likely to resume against increasingly hawkish global central banks. The Japanese yen managed to post gains against...

Japanese Yen Outlook: Large USD/JPY Option Expiries in Focus Ahead of BOJ

Sizable USD/JPY option expiries in focus today. All eyes on tomorrow’s BOJ interest rate decision. Bearish IG Client Sentiment (IGCS). 2022 has been relatively strong for the Japanese Yen against an overextended U.S. dollar. The Yen’s safe-haven appeal has also come into play with tensions surrounding Russia and Ukraine. U.S. 10-year Treasury yields popped to yearly highs on Friday supportive of USD strength (USD/JPY is the highest positively correlated G10 pair to 10-year U.S. Treasury yields), and continues this week despite U.S. bond markets being closed. Tomorrows open should bring in more liquidity and volume to what is likely to be a thin trading day. However, volatility may be apparent via the significant option expirations today (see strikes below). In many cases, market participants tend to move prices closer to the respective strike values as expiration looms which could point to maintained upside as the large 115.00-10 expiry materializes.

S&P 500 Forecasts for the Week Ahead

Heading Into Most Exciting Bank of Japan Meeting in Years. After the initial pressure stemming from an ever more hawkish Fed with quantitative tightening back in the frame. The hawkish Fed trade looks to be roughly priced in, with a March hike the consensus view, alongside balance sheet normalisation soon after lift-off, circa late Q2/early Q3. In turn, the USD has struggled while US yields failed to extend higher, instead, new risks are beginning to grab traders focus.

Japanese yen extends gains

The Japanese yen continues to roll, with gains for a third successive day. USD/JPY has fallen below the 114 line and is now at its lowest level since December 21st. The yen has enjoyed an outstanding week, as USD/JPY is down 1.42%, its sharpest one-week decline since June 2020. Only...

Japanese yen keeps rolling

The Japanese yen has extended its gains as USD/JPY trades at a 3-week low. In the North American session, USD/JPY is trading at 114.25, down 0.35% on the day. Will the yen break into 113-territory before the end of the week?. Yen makes most of US dollar retreat. The Japanese...