USD JPY

US interest rate expectations are becoming increasingly influential on Japan’s Nikkei 225, both through the FX channel impacting forecasts for exporter earnings and sentiment towards the outlook for global economic growth. Other factors, such as commentary from BOJ, come across as secondary factors for now.

The technical bias in USD/JPY will remain to the upside as long as it remains above the 146.00 level.

Shinichi Uchida, Deputy Governor of the Bank of Japan (BOJ), says the bank won’t hike interest rates when markets are unstable, delivering a clear message on what traders need to do to prevent them doing so again: create volatility.

With USD/JPY holding above key support after the daily RSI reached its most oversold level since 1996, the 1-hour bull flag could tempt bulls. The ASX 200 also shows the potential for another leg higher, even if small.

The spotlight is on the USD/JPY and other yen crosses right now, with a particular focus on the ongoing unwind of carry trades that continues to make waves across financial markets.

I don’t blame traders for panicking in markets like these. There’s so much noise and so much hysteria, usually accompanied by countless charts resembling waterfalls. But one thing experience brings you is the ability to step back and look at the things that matter to gauge whether the panic is justified.

USDJPY Forecast: The USDJPY erased its 2024 gains and is poised to retest a key support level respected in December 2023.

We’ve seen a vast reduction of net-short exposure to yen futures over the past four weeks. And with the yen rising over 4% since Tuesday's close, it’s likely large specs are already net long.

The Japanese yen is behaving like a classic risk-on-risk-off currency again, often moving in line with other risker asset classes. With interest rate decisions from the Bank of Japan (BOJ) and Federal Reserve (Fed), along with earnings from tech giants Apple, Microsoft, Meta and Amazon to navigate, it promises to be another volatile week for USD/JPY again.

USDJPY Forecast: the anticipation of a tighter monetary policy at the next BOJ meeting has dominated oversold pressures on the USDJPY. Is there a reversal on the horizon?

USD/JPY formed a potential bullish reversal day at key support ahead of today's US inflation report. With decent GDP figures also helping crude oil prices post a decent day's gain.

DAX falls amid global tech rout, weaker German business confidence.USD/JPY drops to a 12-week low as the carry trade unwinds & on safe-haven flows.

USD/JPY is on a collision course with key support, plunging for a fourth consecutive day as carry trades involving the Japanese yen are unwound. It’s the kind of move you’d normally expect to see in a crisis, although we’re not in a crisis. Yet.

USD/JPY falls to a monthly low. EUR/USD falls after PMI data missed forecasts.

Hawkish comments from Japan's government officials and a general unwind of carry trades sent the yen higher across the board on Tuesday, with USD/JPY hinting at a fresh cycle low as we head towards US GDP and inflation data this week.

USDJPY Forecast: The US Dollar index steadies above 104 given an uncertain political atmosphere, but the USDJPY dips back near monthly lows amid monetary tightening expectations.

USD/CNH is threatening to break higher after the PBOC cut key policy rates, putting a potential retest of the 2024 highs on the cards. Given its historical close correlation with USD/JPY, renewed yuan weakness could drag other Asian currencies lower against the dollar.