- The USD/JPY pair remained in lockdown as Reuters reported on a new $1.1 trillion stimulus package.
- That amount will bring the total stimulus offered this year to more than $2.2 trillion or almost 50% of GDP.
- The yen has been little changed this month even as some geopolitical risks rise.
Features & analysis
USD/JPY erases losses as global equities plunge on U.S. – China tensions
USD/JPY has rebounded in the afternoon to erase losses from earlier in the day as stocks plunge amid the increased tensions between the United States and China. Fundamental analysis: All eyes on Trump Global sentiment has deteriorated in the past few days which has caused global equities to move lower. Investors are awaiting potential retaliation from the United States after China approved a sweeping national security law for Hong Kong. “The age...
USD/JPY price edges higher as BoJ calls for an emergency meeting
USD/JPY is on the brink of breaking out of the descending wedge as the Bank of Japan (BoJ) called for an unscheduled meeting that is likely to result in introducing new measures to support the embattled economy. Fundamental analysis: New measures to provide funds The BoJ scheduled an extraordinary meeting on Friday, May 22, to discuss a new set of activities aimed at providing fresh funds to the economy and businesses, the Nikkei reports. A...
USD/JPY retreats from $109.00 as BoJ considers new measures
USD/JPY has lost around 2% in the past few days after it failed to move above the $109.40 resistance. In the meantime, Bank of Japan (BoJ) is considering new measures to ease corporate funding strains and inject more funds into companies. Fundamental analysis: BoJ considering a set of new measures Reuters reported earlier today that the BoJ is considering new actions to “ease corporate funding strains” and inject more funds into the e...
Here’s a Chart That Proves Yen Is The King of Safe-Haven Currencies
In a time of market turmoil, when investors are moving away from high-yielding assets, there is a list of perceived safe-haven assets that attract investors’ funds. In case of a regional war, pandemic, or global geopolitical turmoil, the list of safe-haven assets remained the same over decades e.g. gold, yen, franc, government bonds etc. The past few weeks have provided us with a battlefield to see where investors flee when things go south. As ex...
Latest JPY news
USD/JPY has finally managed to break above $110.30 and post a 9-month high on the improving risk sentiment. The bulls are now eyeing another important resistance around $111.30. Fundamental analysis: Improving the global risk sentiment helping the USD Investors are turning back to more risk-yielding assets as the U.S. stock market hits fresh high. The benchmark index, S&P 500, is trading above the previous high of $3385 to hit record highs. G...
After weeks of failed attempts, USD/JPY has finally managed to break above the key resistance on the back of the improving risk appetite. Yesterday’s levels were the highest that USD/JPY has been trading since May last year. Fundamental analysis: U.S. – China trade deal in focus After printing a multi-month high of $110.21 yesterday, USD/JPY retreated lower today as investors await the U.S. – China Phase I trade deal signing cer...
2019 has officially been the year of interest rates with the United States Federal Reserve (FED) cutting rates three times in a row and the European Central Bank (ECB) deciding in favor of keeping the rates in the negative territory. President Trump applauded the ECB’s decision earlier this year and suggested that FED Chairman, Jerome Powell, considers reducing rates further to zero to weaken the U.S dollar, the strength of which has had an...
The Euro (Eur) slips down against the Japanese Yen (JPY) on Monday, decreasing the price of EURJPY to less than 120.00, following a major economic release. The technical bias might remain bullish since the price printed a lower high in the recent downside move. Technical Analysis EUR/JPY As of this writing, the pair is being traded around 119.45, the price may come across a support level around 119.15, the confluence of a trend line and horizonta...
The USDJPY inched higher against the Japanese Yen (JPY) on Friday, increasing the price to more than 107.00. The price increase occurs amid recent major economic release concerning the ISM Non-Manufacturing index. The technical bias might remain bearish since the price printed a lower low in the last downside move. Technical Analysis USD/JPY As of this writing, the pair is being traded around 107.96, the confluence of a trend line and major horiz...
Demand in the UK's commercial real estate sector is upbeat so far in 2017. Two trading updates from retail developer and manager Hammerson and Office developer Derwent London both pint to growth in leasing, sales and values.
Shell’s disposals continue with Saudi Arabia joint venture
A brief guide to locating actual supply/demand on the chart through sheer technical analysis
It was another week of mixed results from the US. The job reports seems to be showing sustainable strength considering the impressive back to back release from the unemployment claims, complementing the positive non-farm payroll (NFP) figures.
While many investors weight on Greece exiting Eurozone and see EURUSD down below parity, fundamental developments from the US keep surprising investors globally.
The binary market is being invaded and traders need to understand the new challenges that are endangering their trading accounts and the community itself.
In recent weeks, concerns have been raised that self-invested personal pension fee rates could experience an increase, in line with the growing pressure on bank account rates.
The latest updates for the forex market and the anticipated economic figures for the day are listed below
A round-up of how the major currencies are trading, and what figures are expected during the day.
BOJ to continue to print money at an annual pace of 80 trillion yen
In all of my years of trading, I would have to say that most traders have short attention spans and constantly live in the present day. At the same time, history can provide priceless lessons.
The ECB has announced that it will be purchasing 60 billion euros per month. However, I’m not sold on the fact that QE in the Eurozone will be the magic bullet that cures the problem