Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

jerich

USDJPY Discussions

Recommended Posts

Concerns over the Thailand political crisis, as signaled by BoJ's recent release of minutes, became fuel for UJ. A break of 102.30 can be followed by 102.40, 102.50 and 102.65. On the downside, 102.20 and 102 level become renewed supports.

Share this post


Link to post
Share on other sites

This consolidation period looks encouraging for a move up. I kind of jumped the gun but I am willing to wait. I think it will at least retest the 102.67-102.75 price levels

Share this post


Link to post
Share on other sites

USDJPY pull-back could actually extend till 101.80-102.00, but the pair seems to have broken down from its recent trading range.

Would utilise this pull-back to initiate fresh short for initial downfall till 101.00-100.80 area and eventually to sub-100.00 psychological mark.

Share this post


Link to post
Share on other sites

USDJPY showing clear signs of a break-down, but the same would be confirmed it breaks below the horizontal line support of the triangular pattern near 101.00-100.80.

USDJPY then could be vulnerable to continue drifting lower below 100.00 psychological mark.

Share this post


Link to post
Share on other sites

Yen Rises to 5-Month High Versus Euro on Haven Bid

The yen strengthened to a five-month high against the euro after reports a Malaysian jet carrying 295 people was shot down over eastern Ukraine near its border with Russia, boosting haven assets.

 

The ruble weakened the most in four months against the dollar as the U.S. and European Union imposed extra sanctions on Russia yesterday over the Ukraine conflict. A gauge of the dollar dropped from a four-week high as a report showed U.S. housing starts fell to a nine-month low. Japan’s currency gained versus all of its 31 major peers as U.S. stocks fell with European and Asian shares and Treasuries rose.

 

“It certainly looked like we were going to have a little bit of a pullback, a little bit of a paring of risk, and it seems that has continued,” said Fabian Eliasson in foreign-exchange sales at Mizuho Financial Group Inc. in New York. “There’s been a little bit of yen buying and I would attribute that to a certain degree to a risk-off type of trade.”

 

The yen gained 0.4 percent to 137.01 per euro at 2:17 p.m. in New York after reaching 136.92, the strongest level since Feb. 6. Japan’s currency strengthened 0.4 percent to 101.30 per dollar. The dollar was little changed at $1.3523 per euro.

 

The Bloomberg Dollar Spot Index (SPX), which tracks the currency against 10 major counterparts, was little changed at 1,009.59 after climbing to 1,010.67 yesterday, the highest since June 20.

Share this post


Link to post
Share on other sites

"TOKYO -- The Finance Ministry announced July 4 a reshuffle of its senior officials. Tatsuo Yamasaki, who was involved in a large yen-selling intervention, was named vice minister of finance for international affairs. Some market experts say Yamasaki's appointment shows the government intends to fight yen appreciation.

usdjpy-d1-excel-markets-2.png.1666edd1fa355090fc6200cc3dd6a027.png

Share this post


Link to post
Share on other sites

Japanese Yen Falls To Lowest Since 2008,

 

It was a banner week for the USD bulls as they pushed the euro (EURUSD, FXE, UUD, UDN) to the lowest level versus the USD since July 2013, and the lowest in the yen versus the USD since September 2008. It was euro and yen weakness that widened the spreads. Since the market was loaded with spec shorts, it has been a good week for those correctly positioned. Going forward, this means we are headed for trading sessions with increasing volatility. From personal experience, I know when traders have more equity in their accounts, they trade more.

 

The euro and the yen were both helped lower by government action to expand their respective money supplies. For the EU, this belated growth in the money supply is one of the factors which is sending the EU back toward another recession, but the ECB President Draghi's policies cannot be blamed. The US, UK and Japan were are all actively increasing the money supplies but this policy was opposed by Germany. As we have mentioned before, the German word schuld has two meanings, debt and guilt. This might explain the German reluctance to take on new debt. Now the entire EU is paying the price with slow or no growth and record high unemployment.

Share this post


Link to post
Share on other sites
A good GDP print next week for the US will send this pair to 110+.

 

110+ is inevitable anyways.

 

Agree. Look at GBP/JPY... bounced off 17900 today. But I think a lot of folks holding their breath over Scotland vote.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Binary Options No Deposit Bonuses List for 2020 - 2021 - https://binaryoptionsfree.eu/latest-binary-options-no-deposit-bonuses-in-2020/
    • Date : 18th September 2020.FX Update September 18 – A volatile 24hrs.The Dollar has scraped out a two-day low at 92.76 in the narrow trade-weighted USDIndex, with EURUSD concurrently pegging a two-day high at 1.1868, gaining quite sharply from yesterday’s five-week low at 1.1736. A steadying in stock markets today has seen the Dollar ebb back after finding safe haven demand during the worst of this week’s sharp sell-off across global equity markets.The Pound has come under modest pressure against most other currencies. Cable posted an intraday low at 1.2941. The WHO is warning of a serious second wave of SARS-CoV-2 in Europe¹ (Germany recorded 2,179 cases yesterday) on the back of a surge in new cases (despite data showing a continued very low rate of death alongside a relatively low incidence of Covid being listed on death certificates). In the UK, coronavirus cases and, with it, corona-panic are surging. Localised lockdowns are now affecting 10 million people in the UK, and the government’s scientific advisory group are, according to an FT report, advising the government to implement a two-week national lockdown. The embattled Health Secretary (Matt Hancock) this morning called it a “last line of defence” but “will do whatever is necessary”. This is a negative backdrop for the Pound, adding to the uncertainty surrounding the Brexit endgame, and with the minutes from the BoE MPC meeting yesterday affirming that the central bank is at full steam on contingency planning for negative interest rates (although stressing that it is not ready to do so yet).Elsewhere, USDJPY has settled in the mid 104.00s, testing the seven-week low seen yesterday at 104.52. Yen crosses have also rebounded out of lows. Both EURJPY and AUDJPY lifted above their respective Thursday highs. Japan’s core CPI came in at -0.4%y/y, matching expectations, but the NZDJPY was the biggest mover, moving over +0.6% as the Kiwi holds its bid.Always trade with strict risk management. Your capital is the single most important aspect of your trading business.Please note that times displayed based on local time zone and are from time of writing this report.Click HERE to access the full HotForex Economic calendar.Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!Click HERE to READ more Market news. Stuart Cowell Head Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • be like mitsubishi  ...  self censor !  ... https://www.gatestoneinstitute.org/16337/self-censorship-in-the-us
    • Agreed. What makes them interesting or not is their jurisdiction and the regulatory authority. Those NEED to be good ans serious. Everything else is secondary.
    • Date : 17th September 2020.The Guppy dips to 135.00, having stalled at 136.00.GBPJPY, Daily Both the UK and Japan are in the middle of political upheavals, (the Brexit Trade talks and Internal Market Bill on one side and the handover from one political dynasty to his trusted lieutenant on the other. Earlier today we had the BOJ signalling No Change to current policy as the new PM Suga completes his first few days in the role. The BOE has just published their statement¹ and minutes from their latest meeting, and again it’s no change across the board, (excuse the pun), although the spectre of negative interest rates in the UK is more firmly “in the toolbox” than ever before. The BOE continues to negotiate the tricky ground around monetary policy with the backdrop of deteriorating UK-EU relations and the likelihood of PM Johnson overseeing a very limited trade deal with the EU, if one is agreed at all. The Brexit endgame showdown is very much “in-play”.BOE highlights include – “stands ready to adjust monetary policy”, and to“keep under review the range of actions” – taken as a nod to possible negative rates next year with the statement that the MPC has been briefed on the BoE’s plans to explore how a negative bank rate could be implemented effectively. It also “does not intend to tighten monetary policy until there is clear evidence that significant progress is being made in eliminating spare capacity and achieving the 2% inflation target sustainably.”Cable continues to rotate around 1.2900 today, whilst EURGBP jumped from 0.9090 to 0.9150 and GBPJPY plunged to 135.00 a level not seen since July 20, some 42 trading days ago.Always trade with strict risk management. Your capital is the single most important aspect of your trading business.Please note that times displayed based on local time zone and are from time of writing this report.Click HERE to access the full HotForex Economic calendar.Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!Click HERE to READ more Market news. Stuart Cowell Head Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.