USD/JPY, GBP/JPY Outlook: US Dollar Slides Despite Fed Dissent, BOJ Up Next
The US dollar slipped despite Fed dissent as traders priced out a second hike. Attention now turns to the BOJ, with USD/JPY and GBP/JPY in focus.
Articles tagged with "gbp-jpy"
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Japanese Yen Outlook: USD/JPY Breaks Out in Style, GBP/JPY and CAD/JPY in Focus
USD/JPY breaks higher as Japanese yen weakness persists. See why GBP/JPY remains bullish and how crude oil could shape the next move in CAD/JPY.
British Pound Price Action Setups: GBP/USD, GBP/JPY
GBP/JPY has flown up to a fresh 18-year high and even with a recent bout of USD-strength, GBP/USD has held up relatively well.
British Pound Price Action Setups: GBP/USD, GBP/JPY, EUR/GBP
It’s a big week for the British Pound, along with the USD, JPY and Euro, as each economy has a central bank rate decision and two of those banks may be looking to hike rates in the coming months.
USD/JPY Angles Towards 160.00 as EUR/JPY, GBP/JPY Grasp Supports
Even with the US Dollar getting hit in early-Q2 trade USD/JPY held up remarkably well, retaining support around the 158.00 handle through a few different tests. Meanwhile strong breakouts took hold in EUR/JPY and GBP/JPY and Yen bears don’t look finished yet.
British Pound Price Action Setups: GBP/USD, GBP/JPY, EUR/GBP
The British Pound has held up well, outperforming the Euro for the past two weeks. And now the dominant trends in both GBP/USD and GBP/JPY have shown pullbacks and support tests.
US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/JPY, EUR/JPY, GBP/JPY
The US Dollar has dropped to re-test the support that was resistance for the ascending triangle formation in February, fueled by massive rallies in EUR/USD and GBP/USD. Despite this USD weakness USD/JPY has held quite well, highlighting massive bullish moves in both EUR/JPY and GBP/JPY.
Japanese Yen Technical Analysis: USD/JPY, EUR/JPY ATH, GBP/JPY 215
USD/JPY has continued to flirt with the 160.00 handle but with DXY drawing back, both the Euro and British Pound have been able to take advantage of relative weakness in the Japanese Yen.
USD Price Action Setups: EUR/USD, GBP/USD, USD/JPY, USD/CAD, EUR/JPY, EUR/GBP
It was a big week for markets and hope rules the day as the ceasefire announcement created a gap-down in the USD that still hasn’t been recovered.
USD/JPY, GBP/JPY, EUR/JPY: Price action setups as yen strength builds
Yen strength has returned, triggering reversal signals in USD/JPY and pressure across GBP/JPY and EUR/JPY. The setup is there, but timing around Japan’s fiscal year-end complicates the read.
USD/JPY Intervention Threat and the Oil Correlation: EUR/JPY, GBP/JPY
A veiled threat of intervention to start the week did little to reverse the USD/JPY trend, but the Trump comment at the start of US trading seemed to have more pull. Meanwhile EUR/JPY and GBP/JPY are both holding on to bullish formations.
USD/JPY Rally Tests Resistance Near Yearly Highs: EUR/JPY, GBP/JPY
US Dollar strength continued through the weekly open but the big question now is whether USD/JPY can muster a test of the vaulted psychological level of 160.00. Since the dizzying reversal in July of 2024 bulls haven’t dared to re-test that price since.
USD/JPY Recovery Drives Rallies in EUR/JPY, GBP/JPY
Price leads, narrative follows, and with USD/JPY rallying the headlines have painted the picture for the possibility of more. But 160 remains an issue in the major pair and EUR/JPY and GBP/JPY may have stronger structure for bulls.
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