Ducks have lined up for Nikkei 225 to test its 1989 high
If there was ever a day for Japan’s Nikkei 225 to overcome its demons and take out the record high set in December 1989, few screen better than today. The ducks look to have lined up for bulls. If we can’t set a new peak, it may provide a subtle warning that the market has run too hard, too fast.
GBP/JPY: Eying bullish break to multi-year highs ahead of key economic reports
GBP/JPY is on the cusp of breaking to fresh multi-year highs ahead of key inflation and employment data from the United Kingdom and Japan, making this a pair to keep on the radar over the next 48 hours.
USD/JPY, Nikkei trading heavy as news flow bolsters case for BOJ rate hike
Japan has received a raft of bullish economic news today, sending Japanese government bond yields higher while simultaneously placing downward pressure on USD/JPY and the Nikkei 225.
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GBP/JPY teases 2015 high post BOJ, Crude oil eyes $77: European open
The US dollar and yen were the weakest FX majors during the Asian session, following reports of China stimulus and no change in policy from the BOJ. GBP/JPY has probed a key resistance level and crude oil shows the potential to extend yesterday's gains.
USD/JPY, Nikkei 225 whipsawed as BOJ provides few clues on rate hike timeline
Japan’s Nikkei 225 and USD/JPY have been whipsawed following the BOJ January interest rate decision with policymakers providing few clues as to whether they’re likely to lift interest rates out of negative territory for the first time in nearly a decade later in the year.
EUR/JPY: US data in control without BOJ or ECB rate shock
EUR/JPY sits near two-month highs heading into the BOJ and ECB interest rate decisions, consolidating after a strong rally that saw the pair add nearly eight big figures from the lows of December.
ASX 200, AUD/JPY bouncing back with improved risk appetite
With risk appetite back in full swing and market indicators on US recession risk providing a green light for the soft landing narrative, cyclicals such as Australia’s ASX 200 and AUD/JPY recovered last week, returning to the uptrend they’ve been in since the risk rival revival took hold in late October.
USD/JPY, GBP/JPY: Disinflation trend a headache for hawkish Bank of Japan
Disinflation is gripping Japan as seen in other advanced economies before it, underlining the difficulties facing the Bank of Japan (BOJ) in eradicating the deflationary mindset that has dogged the nation for decades.
Japanese Yen Forecast: USD/JPY, EUR/JPY, and GBP/JPY Near Decade+ Highs
GBP/JPY looks particularly strong, but both USD/JPY and EUR/JPY remain in clear bullish trends.
Recent Nikkei bulls face their first real test
Recent adoptees of a bullish Nikkei stance are facing their first real test with a distinct risk-off tone settling in across the Asian region, seeing the index reverse slightly after hitting fresh 34-year highs on Monday.
USD/JPY: Japanese wage growth slumps in blow to BOJ’s rate hike ambitions
If the Bank of Japan was looking for evidence of growing wage pressures to justify abandoning negative interest rates, it wasn’t found in the latest government report for November.
USD/JPY 2024 Fundamental Outlook Preview
Even though there is scope for yield spreads to widen again in 2024, the bias for USD/JPY remains moderately lower...
USD/JPY closes back above its 200-day average ahead of BOJ meeting: Asian Open
Explore the potential impact of BOJ's decision on USD/JPY and uncover the RBA's monetary policy minutes for valuable insights.
USD/JPY, Nikkei 225, AUD/USD: BOJ may push back against mounting rate hike bets
USD/JPY tumbled on Thursday on speculation the BOJ may move pre-emptively to lift interest rates before wage pressures have materialised. Such a move would be economically risky and go against recent BOJ statements.
USD/JPY: BOJ not giving up on abolishing negative interest rate policy despite obvious risks
Bank of Japan (BOJ) Governor Kazuo Ueda is not giving up on normalising monetary policy despite significant uncertainty over the outlook for the Japanese and global economies, putting USD/JPY under modest pressure on what’s been an otherwise quiet session in Asia.
USD/JPY Analysis: Moment of Truth for the Yen’s 2023 Trend
USD/JPY bulls are defending support in the 147.00 area, but the pair is vulnerable to a big breakdown from here...
USD/JPY: Offshore drivers remain in control unless the BOJ can normalise policy
USD/JPY traders barely acknowledged the release of Japan’s October inflation report, reinforcing the view the only thing that matters for the pair right now is developments in the US economy, unless the Bank of Japan (BOJ) signals or starts to normalise monetary policy.
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AUD/JPY, Nikkei 225: Weaker Japanese yen adds to near-term upside risk
Whether it’s any major FX pair against the yen or the Nikkei 225, the last of least resistance right now seems to be higher with the BOJ maintaining its ultra-dovish stance.
USD/JPY: Weakening upstream inflation bodes ill for BOJ wage acceleration
USD/JPY is trading 40 pips away from multi-decade highs as upstream inflationary pressures in Japan are coming off hard. Perhaps that explains we've had no verbal intervention attempts from the government today?
USD/JPY, Nikkei 225: Narrowing yield differentials with the US amplify downside risks
If you believe the Fed is done hiking rates and will be forced to ease policy aggressively next year, it’s hard to be bullish USD/JPY or the Nikkei 225 given the role yield differentials and FX fluctuations have played in underpinning both this year.
Nikkei 225, USD/JPY: Situation “tense” as speculative moves amplify BOJ intervention risk
Japan’s Nikkei 225 has endured a whirlwind 24 hours, mirroring the USD/JPY in the wake of the Bank of Japan’s (BPJ) October monetary policy meeting. It’s surged more than 1000 points from the lows hit on Tuesday, largely reflecting stiffening tailwinds for Japanese exporter earnings.
USD/JPY, Nikkei 225: Bouncing back despite BOJ abandoning hard cap on bond yields
USD/JPY and Nikkei 225 are rising in the wake of the Bank of Japan’s (BOJ) latest interest rate decision, reacting to a smaller-than-expected adjustment to the banks yield curve control (YCC) program.
USD/JPY implied volatility spikes ahead of BOJ: Asian Open – 31/10/2023
1-day implied volatility has blown out on USD/JPY ahead of today’s BOJ meeting, with its 100-pip implied move coming in at 292% of its 20-day average and the 5-day implied volatility sitting at 179 pips.