USD/JPY gains traction on Friday and moves away from over a one-week low set the previous day. The Fed-BoJ policy divergence and a positive risk tone undermine the JPY and act as a tailwind. The recent hawkish remarks by Fed officials help revive the USD demand and remain supportive. The USD/JPY pair builds on the… Read More »
USD/JPY is sensing exhaustion signals after hitting a high of 133.50. The impact of lower US CPI has faded away and hawkish Fed bets are hogging the limelight. The US Michigan CSI is expected to improve to 52.2 from the prior release of 51.5. The USD/JPY pair has slipped minutely after printing an intraday high… Read More »
USD/JPY bulls moving in as US yields bounce back. The US dollar is finding buyers in a short squeeze and US stocks flip over. The market backdrop has turned increasingly risk-friendly over the past two days. The mood is reflecting some upside in growth indicators and the downside of inflation pressures. However, USD/JPY is back to… Read More »
USD/JPY turns lower for the second straight day and drops to over a one-week low on Thursday. The post-US CPI USD selling bias, sliding US bond yields continue to exert pressure on the pair. The risk-on impulse could undermine the safe-haven JPY and help limit the fall, for the time being. The USD/JPY pair attracts… Read More »
USD/JPY turns lower for the second straight day on Thursday amid renewed USD selling. Diminishing odds for a larger Fed rate hike in September continue to weigh on the buck. The Fed-BoJ policy divergence and a positive risk tone could undermine the safe-haven JPY. A convincing break below the post-US CPI swing low is needed… Read More »
USD/JPY is auctioning in a balanced profile above 133.00 as DXY extends recovery. A downward US CPI will result in a trimmed extent of hawkish guidance by the Fed. An ongoing Japan cabinet re-shuffle will keep the yen bulls on tenterhooks. The USD/JPY pair has extended its recovery and has managed to sustain above the… Read More »
On Wednesday, the USD/JPY slide more than 1.50%, its largest daily loss since July 28. USD/JPY buyers unable to break above 135.30 exacerbated the fall below the 133.00 mark. The USD/JPY tanked more than 200 pips on Wednesday, courtesy of cooler-than-expected US CPI data, suggesting that the Federal Reserve might pivot, towards a dovish stance,… Read More »
US dollar tumbles across the board, on the worst day in months. Inflation numbers trigger a rally in Treasuries. USD/JPY looks for another test at the 100-day SMA. The USD/JPY collapse following the release of US inflation data. The numbers triggered a sell-off of the US Dollar across the board pushing the pair toward 132.00… Read More »
USD/JPY lacks any firm directional bias and remains confined in a narrow trading range. Traders prefer to move on the sidelines ahead of the crucial US consumer inflation data. The Fed-BoJ policy divergence, meanwhile, continues to act as a tailwind for the major. The USD/JPY pair continues with its struggle to gain traction on Wednesday… Read More »
A consolidation above the 200-EMA adds to the upside filters. The RSI (14) is oscillating in a 40.00-60.00 range and awaits a potential trigger. For more upside, the greenback bulls need to break above the 134.34-135.58 range decisively. The USD/JPY pair has witnessed mild selling pressure after printing an intraday high of 135.24 in the… Read More »
