JPY

While AUD/USD has yet to break the downtrend running from early 2022, the reprieve against the dollar has it looking more constructive against the crosses, especially the euro and Japanese yen having broken key levels on the weekly charts.

Open interest has fallen notably on USD/JPY since its failed ‘bid’ for spot prices to break and hold above 150. And that further suggests a glass ceiling for prices. Japanese yen futures also saw grow longs increase by 19.6%, although traders remained heavily net-short.

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.

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...

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.

Japanese officials are threatening to intervene in FX markets again, prompted by the USD/JPY surging over 2% since the start of September.

Japan’s export sector is benefitting from the weaker JPY but that’s not flowing through to the broader economy yet.

Another way to support the Japanese yen may be for the BOJ to stop intervening in markets.

USD/JPY's price action this week is providing a strong signal given the yen's usually bullish seasonal backdrop.

It was a weekend of worry as the US banking sector is at the center of a risk aversion move in global markets. Regulators have started to step-in, but is it enough, and what might happen from here?

Japanese Yen weakness has re-appeared in Q1 trade, begging the question as to whether another major trend is brewing in the Yen.

A fiat currency is a monetary instrument backed by a national government like the British pound or Canadian dollar. Learn how fiat currencies operate and how they compare to other types of money.

Swiss inflation kicks of economic data today, where a hot print could increase expectations of another 50bp hike from the SNB.

The US CPI report is now THE single economic release with the largest expected market movement, so traders should absolutely have this release marked with the bullet on their calendars.

The January Consumer Confidence report is a reminder that the US economy is like a rollercoaster ride, full of ups and downs.

Speculation that the BOJ will be forced to step away from their ultra-loose monetary policy has only intensified with producer prices reverting back to double digits.

The British pound has been used as England’s central currency for over a thousand years. Read about its evolution from a coin literally weighing one pound to the banknotes common today. We also rank the next three oldest major currencies: the yen, ruble and dollar.