Japanese Yen analysis: USD/JPY Rally Extends, EUR/JPY and GBP/JPY Stall
USD/JPY remains by far the most bullish of the major yen crosses...
USD/JPY, EUR/JPY, GBP/JPY: Pullbacks Ahead of the BoJ
It’s been a big week for global markets and it’s not over yet, with the Bank of Japan rate decision scheduled for later today.
Japanese Yen Analysis: USD/JPY, EUR/JPY, and GBP/JPY Bullish Outlooks Under Threat
With EUR/JPY and GBP/JPY testing critical support, price action over the next 30 hours will go a long way toward determining if the year-to-date trends extend or end from here...
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Euro Technical Analysis: EUR/USD, EUR/JPY Primed for ECB Day
EUR/USD has sold off for eight consecutive weeks and even EUR/JPY looks like it has potential to put in a turn. Will the European Central Bank rescue bulls with another rate hike this Thursday?
USD/JPY Breakout Continues as EUR/JPY, GBP/JPY Stall
The USD/JPY breakout has continued even after an intervention threat, but both EUR/JPY and GBP/JPY have shown stall in those bullish trends over the past month, raising questions of reversal potential.
AUD/USD, EUR/JPY analysis: European open – 07/09/2023
Asian equity markets were lower following China's trade data, yet US yields and the dollar pulled back to help AUD/USD hold above its cycle lows. I continue to suspect EUR/JPY has topped out on the daily chart, and today highlight a potential short setup beneath a resistance zone.
USD/JPY, EUR/JPY analysis: Asian Open - 01/09/23
The combination of a verbal BOJ warning shot and relatively dovish comments from an ECB official saw EUR/JPY suffer its worst session in five weeks on Thursday. Given the increased odds that yen weakness is very near (or at) a turning point, I am going to stick my neck on the line and speculate that EUR/JPY has topped for now. We also take a look at the USD/JPY 1hour chart ahead of today’s NFP report.
Japanese Yen Analysis: USD/JPY, EUR/JPY, and GBP/JPY Remain on Intervention Watch
The Japanese yen continues to weaken amidst quiet trade to start the week...
Japanese Yen Analysis: USD/JPY, EUR/JPY, and GBP/JPY All Test YTD Highs
The market is likely to keep pushing the yen lower in the coming days and weeks until the BOJ takes decisive action to stem the bleeding.
Japanese yen analysis: USD/JPY, EUR/JPY outlook boosted on BoJ inaction report – Forex Friday
The USD/JPY outlook now hinges more on the decision from the Fed than the BoJ. Meanwhile, the EUR/JPY hit a new high for the year above 158.00, before pulling back a touch. The ECB’s decision will be watched closely next week as it has the potential to move the euro crosses sharply, including the EUR/JPY.
Japanese Yen Analysis: USD/JPY at support, EUR/JPY and GBP/JPY Uptrends Continue
The yen has rallied across the board over the last week+, but traders may now look to take profits on USD/JPY, EUR/JPY, and GBP/JPY ahead of the weekend...
Japanese Yen Price Action Setups: EUR/JPY, USD/JPY, GBP/JPY
Yen-strength has shown up and USD/JPY is testing a key support level at 135.00; but will the ECB elicit a larger pullback in EUR/JPY after 14 year highs printed earlier in the week?
US rates pullback, JPY jumps as focus shifts to the Fed
The Japanese Yen jumped as gold prices gained and stocks pulled back, with markets preparing for tomorrow’s FOMC rate decision amidst an injection of fear from banking.
EUR/JPY outlook positive despite pullback
Thanks to a hawkish ECB and a still-dovish BoJ, we maintain a bullish longer-term EUR/JPY outlook and reckon 150.00 is not out of reach.
EUR/JPY selling off ahead of CPI and Ueda
With Japan’s CPI due out in a few hours and BoJ Governor nominee Ueda set to testify on Friday, EUR/JPY could be volatile.
Improving European data boosts ECB and BOE hike bets
The publication of stronger European data again suggests that the eurozone and UK economies remain surprisingly resilient despite high levels of inflation.
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ECB hikes 50bps, as expected. Another 50bps hike to come in March
During the press conference, Christine Lagarde seemed to be talking out of both sides of her mouth.
Yen gaining on speculation of BoJ action next week
At the December BoJ meeting, traders were caught offsides. They won’t let that happen again!
Euro crosses looking perky
..especially against currencies where the central bank is deemed to be slightly more dovish than the ECB
Euro turns lower after ECB delivered 50bps hike
The ECB has indicated that further normalisation of interest rates “will be appropriate.”
EUR/JPY in focus ahead of ECB decision
If the ECB delivers a 50 bp hike, this will further increase the disparity between Japan and Eurozone monetary policies, supporting the EUR/JPY.