USD/JPY

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Forex Friday: EUR/USD, GBP/USD and USD/JPY

In this week’s edition, we discuss the dollar’s recovery despite weaker inflation data, and talk up the prospects of the euro, pound and yen.

USD/JPY heading to 130?

With the odds of 75 basis point hike having dropped, the Fed is careful not to push too hard against that...

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Fed speakers out in force with more hawkish tone; USD/JPY

The correlation between USD/JPY and 10-year yields has come back in line and is almost in “strong” territory on the daily timeframe.

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August 3, 2022 03:48 PM

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Japan data dump won’t help the Yen; USD/JPY

If the data dump later comes out as expected, will the BOJ turn less dovish? It's unlikely.

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July 28, 2022 07:59 PM
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Two trades to watch: USD/JPY, FTSE

USD/JPY slips after BoJ minutes & ahead of US consumer confidence. FTSE rises with earnings, oil in focus.

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European Open: USD/JPY looking to build a base around 138

USD/JPY is currently trading lower for a second consecutive day, although price action appears to be corrective and may be able to form a vase around 138.

Does the strong Retail Sales data check the box for higher rates?

“Never bet against the American consumer” is a phrase that has been thrown around the street, and June’s data shows why.

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USD/JPY hits its highest level since September 1998

USD/JPY continues to defy gravity and rose to a multiyear high, with US inflation ripping higher and the BOJ repeatedly broadcasting their ultra-loose monetary policy.

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US CPI preview: Will inflation overshoot again?

Annual CPI is expected to have accelerated to 8.8% in June from 8.6% in May.

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European Open: EUR/USD and parity in focus for today’s German ZEW report

Another weak sentient report from Germany could be the straw which breaks parity’s back and send EUR/USD below this key level.

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European Open: New high for USD/JPY, EUR/GBP rolls over

Fears of a recession in Europe weighed heavily on the euro last week, which saw the most bearish week for EUR/GBP since the pandemic.

USD/JPY reaches its highest level since September 1998

Fed chairman Powell’s comments earlier may have sent USD/JPY to its highest level in 24 years, but they also sent the pair reeling later in the day.

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June 29, 2022 08:08 PM
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European Open: Volatile trade for yen pairs, PMI’s up next

The Japanese yen was broadly higher overnight on comments from a former FX and a report showing foreign investors fled the bond market last week.

USD/JPY trades to new 24-year highs! Will it keep going?

The next move for the USD/JPY may depend on Japan fx intervention, comments from Powell, Japan CPI, or an overbought RSI.

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June 21, 2022 08:35 PM

FX: Aftershocks of central bank bonanza

Despite the macro calendar being light, it could be a busy week for FX markets

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June 20, 2022 05:43 PM
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‘If’ the BOJ abandon YCC, hold onto your hats (USD/JPY)

The yen was stronger overnight as some began to speculate that the BOJ could alter (or abandon) their yield curve control target. We outline three potential scenarios.

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June 17, 2022 12:58 AM
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Yen in focus ahead of BoJ

As pressure mounts on BoJ to control yields, will we see a surprise policy response or perhaps government intervention?

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Two trades to watch: USD/JPY, Oil

USD/JPY pulls back ahead of Fed rate decision. Oil steady ahead of Fed rate decision, EIA inventory data.

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June 15, 2022 08:18 AM

US PPI not much help in trying to decide between 50bps and 75bps from the Fed

Until the FOMC decision on Wednesday, USD/JPY seems like it may be in waiting mode.

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June 14, 2022 04:07 PM
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US Yields on the move again. What does it mean for USD/JPY?

US 10-year yields and USD/JPY have a strong, positive correlation with a correlation coefficient of +0.92.

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Non-Farm Payrolls beat; What will the Fed think?

Today’s headline NFP print and average hourly earnings data should make the Fed happy.

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June 3, 2022 03:18 PM

Poor housing data sends USD/JPY lower

Weaker US housing data sent the markets into risk-off mode, dragging USD/JPY lower with it.

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European Open: USD/JPY hugs 130 like an old friend it's about to leave

USD/JPY has been trading in a 20-pip range around 130 over the past 12 or so hours - a level we don’t expect to see it anywhere near this time tomorrow.