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USD/JPY falls on apparent BOJ intervention, ASX hits 6-month low: Asian Open
A surge of yen strength shook currency markets when USD/JPY crossed above 150, prompting calls that the BOJ had finally intervened after much warning. Whether they have remains to be confirmed by officials, but the -290 pip fall in five minutes suggests they likely have.
USD/JPY Q4 Outlook: Risks tilted higher as fundamentals battle BOJ intervention threat
USD/JPY likely to continue grinding higher as bulls navigate the evolving threat posed by potential Bank of Japan intervention.
Bonds bounce hard following bloodbath: did we just see the highs for yields this cycle?
Whatever the catalyst, something strange happened in US Treasuries on Thursday: bond yields actually fell, sparking speculation of an impending reversal.
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DAX, USD/JPY Forecast: Two Trades to Watch
DAX falls to a 6-month low on fears of higher rates for longer. USD/JPY rises towards 150 ahead of US consumer confidence.
USD/JPY, AUD/USD, USD/CNH: Fading intervention that fails fundamentals
Any attempt to support JPY through direct market intervention is unlikely to have success beyond the short-term when the fundamentals are so strongly working against it.
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: playing the range as BOJ invention threat counteracts fundamentals
Should the Japanese government order the Bank of Japan to intervene in FX markets, it deserves the savage USD/JPY bounce that will almost inevitably be coming its way.
USD/JPY falters around 148 ahead of CPI and BOJ: Asian Open 22/09/2023
The US dollar handed back its post-FOMC gains despite surging bond yields, which saw USD/JPY form a 2-bar reversal day after a false break of 148. And this leaves the potential for a deeper pullback towards its 20-day EMA before its trend resumes (keep in mind Japan's CPI report and BOJ interest rate decision is in focus today).
GBP/USD, USD/JPY Forecast: Two Trades to Watch
GBP/USD falls after inflation unexpectedly cools. USD/JPY trades at the 2023 high ahead of the FOMC rate decision.
USD/JPY: divergent central bank messaging generates renewed upside risk
The next few days will be pivotal for USD/JPY as rate decisions from the Fed and BOJ collide, providing an environment where we could get an explosive move in either direction.
Oil, USD/JPY Forecast: Two Trades to Watch
Oil rises above $90 after upbeat Chinese data & more stimulus. USD/JPY rises ahead of US consumer confidence data.
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...
USD/JPY rises into US CPI, GBP/AUD holds key support: European open
USD/JPY was rising on the back of USD strength earlier in the Asian session, with USD/JPY seemingly trying to close its large weekend opening gap ahead of US CPI data. GBP/AUD has also caught our eye as its 3-wave retracement is trying to form a base around a support cluster.
USD/JPY: weakening upstream inflation pressures bad news for bears
With Japan’s domestic economy struggling on the back of faltering household spending, it’s not difficult to see why doubts are emerging as to whether the BOJ will be in a realistic position to begin normalising policy
USD/JPY, DAX Forecast: Two Trades to Watch
USD/JPY falls as BoJ hints to ending negative rates. DAX rises with this week’s ECB rate decision in focus
EUR/USD, AUD/USD, USD/JPY analysis: Commitment of traders report (COT)
Whilst AUD/USD has held above key support levels despite a slew of weak data from China, large speculators and asset managers have increased their bearish bets against it. Bears are also making more of a presence against EUR/USD, and large speculators increased their gross-long exposure to JPY futures by ~50% last week.
USD/JPY: Near-term downside risks build as Ueda discusses rate hike
Markets may not have to wait until well into 2024 for the BOJ to tighten monetary policy, sending USD/JPY sharply lower.
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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.
Nikkei 225: downside risks building as fundamentals start to turn
Japan’s Nikkei 225 appears susceptible to downside having surged to fresh multi-decade highs earlier this year.
USD/JPY saw a lively start at the Tokyo open, USD/CNH breaks out
USD/JPY moved around 80% of its average daily range within the first 30-minutes of trade, in what appears to be a bout of yen buying. USD/CNH also broke above a key high.
USD/JPY analysis: Asian Open – 4th September 2023
USD/JPY managed to produce a bullish engulfing / outside day on Friday, despite a mixed Nonfarm payrolls report seeing money markets price in a 93% probability of the Fed holding rates steady at their next meeting.
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.
USD/JPY: deflation tamed but not defeated, keeping BOJ on sidelines
USD/JPY set to remain weak until BOJ ditches unconventional monetary policies.