Results for 'USDJPY'
78 articles with this tag name
Updated May 13, 2013 6:30:00 AM
USDJPY volatility showed no sign of backing off at the start of the week. The G7 didn’t mention the speed of the yen’s decline, at least not in public, which the market greeted with a wave of yen selling at the Asia open today. Price action has slowed a bit as we lead up to the NYC session, and USDJPY has backed off from 102.15 highs and found support at 101.50.The next major short
[...] Continue Reading ...
Updated May 10, 2013 6:00:00 AM
If the FX market is a one horse town, then the yen is the horse today. Conspiracy theories abound as to why USDJPY slammed through 100.00 on what was a fairly quiet NYC afternoon. My personal favourite so far is from a story in the Wall Street Journal that a single trader took advantage of quiet markets, and started bidding up UISDJPY in 10 pip increments, happily thwarting the sellers. Could this individual trader perhaps
[...] Continue Reading ...
Updated May 9, 2013 5:35:00 PM
Breakdown of today’s USDJPY move: Chart Source: Forex Charts by eSignal So where might USDJPY go from here? While we are likely to hear more talk in the media of 105, 110 or even 120 over the coming days, one must realize USDJPY is still faced with a key long-term resistance zone between 101.25/70 (see Exhibit 2), which sees the convergence of the 1999 & 2005 lows, as well as the 2009 high. Furthermore,
[...] Continue Reading ...
Updated May 10, 2013 4:10:00 PM
After breaking above 100 yesterday, we have been hearing traders and analysts alike state that USDJPY is significantly overvalued at present levels – Thus, we decided to put our proprietary model to the test. Backdrop: These models were built in an effort determine where many of the FX pairs should be trading, thus we continuously monitor currencies which we have deemed to have a stronger degree of explanatory power using our regression analysis (R2), with
[...] Continue Reading ...
Updated May 3, 2013 9:50:00 AM
• Details: 165k payrolls for April, upward revision to March number from 88k to 138k, total revisions for the last two months top 114k. The unemployment rate drops to 7.5%, the lowest level since the end of 2008. • Sectors that created jobs: professional and business services, leisure and hospitality, retail and healthcare. There was little change in jobs in the construction sector, mining and finance. The government shed 11k jobs last month.
[...] Continue Reading ...
Updated Apr 29, 2013 5:00:00 AM
After missing the fun and games in the market at the end of last week, I was out on Friday, I have come back to the FX world today and three things stand out: 1, the dollar is weak across the board, the dollar index fell below the 50-day moving average (on the close) at 82.40 on Friday after the Q1 GDP miss. 2, GBPUSD carried on its revival at the end of last week
[...] Continue Reading ...
Updated May 15, 2013 1:10:00 AM
The Nikkei 225 was propelled higher today by a positive lead from US markets and a depreciation of the yen overnight, with the index breaking 15,000 for the first time since January 2008. It seems every time the yen breaches a key level the Nikkei rallies, which is understandable as a weaker yen boosts company profits, especially manufacturers and exporters. USDJPY breached 102.00 overnight and continued on to a session high around 102.45. If
[...] Continue Reading ...
Updated May 14, 2013 8:00:00 AM
After a slow start in financial markets this week a couple of themes are emerging: the yen is rebounding and the euro is getting hit from comments coming out of the Eurozone finance ministers meeting in Brussels. Could the Japanese authorities’ enormous stimulus plan be about to bite the government? 5-year government bond yields have surged to their highest level in 2 years this morning. While the nominal level of the 5-year yield is
[...] Continue Reading ...
Updated Apr 18, 2013 6:45:00 PM
Backdrop: Whether you’re an experienced trader or brand new to Forex, you should be aware of the strong positive correlation between the U.S. & Japan 10-year interest rate differential and USDJPY. This historical intermarket relationship is predominantly due to the fact that the yield spread between the United States and Japan can be a key driver of longer-term price moves. That said, Japanese interest rates have been incredibly low over the past decade (last time
[...] Continue Reading ...
Updated Dec 28, 2012 4:20:00 PM
Backdrop: Whether you’re an experienced trader or brand new to Forex, you should be aware of the strong positive correlation between Japanese Equities & USD/JPY. This historical intermarket relationship is predominantly due to the fact that the Yen has been known as the classic “carry” currency – Since Japan’s interest rates have been low for several decades, it has made it an attractive currency to borrow in and then turn around and invest
[...] Continue Reading ...
<< Previous 1 2 3 4 5 Next >>
