USD/JPY

USD/JPY price has failed so far today to clear the resistance around $106. Overall, the U.S. dollar climbed against the Euro and Swiss franc as the fiscal incentives in the United States and escalating U.S.-China tensions caught investors’ attention.  Fundamental analysis: Tensions rising The dollar index is recuperating after a bad run that sent it down 4% last month. The index recovered on Friday after news about jobs eased concerns regard...

The USD/JPY pair dropped sharply during the Asian session as traders reacted to Japan’s manufacturing PMI data. The pair is trading at 105.80, which is below last Friday’s high of 106.43. Japan manufacturing sector improves Unlike in Australia, the manufacturing sector in Japan is very important. The sector employs more than 10 million people, equivalent to about 8% of the country’s total population. It is responsible for more than 10% of the tot...

The USD/JPY pair declined to an intraday low of 104.15, which was its lowest level since March 12. The pair dropped as investors refocused on the strong economic data from Japan and the overall weak US dollar. Impressive numbers from Japan The USD/JPY pair declined after Japan’s statistics office released impressive industrial production data. The data showed that production at factories and mines increased by 2.7% to 80.8 in June. That was a bet...

USD/JPY has formed the head and shoulders bearish reversal chart pattern during the ongoing downtrend. In the meantime, investors are waiting to hear from the Fed tomorrow about the next steps it plans to undertake to help the embattled economy.  Fundamental analysis: Dollar under severe pressure The U.S. dollar is trading under intense pressure as a consequence of Federal Reserve slashing of key interest rates and excessive money-printing....

The US dollar has been absolutely destroyed in the last two months. Looking at charts, it seems that dollar buyers capitulated, at least in the short-term. The dollar index (DXY), which measures the value of a basket of currencies of the majority of the U.S.’s most significant trading partners, went from trading around at $100 to a 2-year low at $93.50 in two months. Why are investors selling dollars excessively? The dollar has found itself...

USD/JPY price tumbled on Friday to trade at 4-month lows amid the risk-on market environment. The Japanese Yen gained across the board as the stock market turned lower as ties between the United States and China have deteriorated.  Fundamental analysis: Dollar under the pressure The JPY hit a one-month high while the euro’s gains came to a halt as investors watched flash Purchasing Managers’ Index (PMI) climb to a 25-month high. Eurozone com...