Reversal to 140.00 looks possible ahead of BOJ policy
EUR/JPY has managed to retreat back into the consolidation area placed in a range of 138.84-143.00. The cross has picked strength as anxiety among investors soars ahead of BOJ policy. A range shift by the RSI (14) into the 40.00-60.00 from the bearish territory indicates that the downside momentum has faded, The EUR/JPY pair has […]
We could see another USD/JPY sell-off of roughly 3% – Goldman Sachs
As markets brace for Wednesday’s Bank of Japan (BoJ) monetary policy meetings, multiple investment banks and analysts convey their forecasts for the USD/JPY pair that’s been lately gaining more attention, especially after the BoJ’s tweak to the Yield Curve Control (YCC). Analysts at Goldman Sachs (GS) are from the same lot and anticipate the Yen […]
Market Spotlight: BOJ Speculation Risks EURJPY Downside Break
EURJPY Sitting on Key Level Price action in EURJPY is looking interesting here. The pair is currently sitting near the middle of the 133.27 – 147.75 range which has framed price action since Q2 last year. Over the last few months, EURJPY has been correcting lower, despite broad strength in EUR. Of late, JPY has turned […]
Dollar stabilizes, yen climbs ahead of BOJ meeting By Investing.com
© Reuters. By Peter Nurse Investing.com – The U.S. dollar stabilized in early European trade Monday, trading just above a seven-month low on rising expectations that the Federal Reserve will slow the pace of its interest-rate hikes, while the Japanese yen gained ahead of a Bank of Japan meeting. At 03:00 ET (08:00 GMT), the […]
Asia FX rises, Japanese yen hits over 7-mth high on BOJ speculation By Investing.com
© Reuters. By Ambar Warrick Investing.com — Most Asian currencies advanced against the dollar on Monday, cheered largely by the prospect of smaller interest rate hikes by the Federal Reserve, while speculation over another hawkish move by the Bank of Japan pushed the yen to an over seven-month peak. The rose 0.4% to 127.32 against […]
Japan Senior govt member on BOJ policy: Now not the time for making a major policy change
Bloomberg (gated) with the comments from “a senior ruling party lawmaker” in an interview on Friday. Hiroshige Seko, the Liberal Democratic Party’s upper house secretary general, a senior member of the political faction of former premier Shinzo Abe. It would be premature to start exiting stimulus when demand continues to lag behind supply in Japan’s […]
Japanese Yen Appreciation Intact After PPI Data Ahead of BoJ Meeting. Lower USD/JPY?
Japanese Yen, USD/JPY, US Dollar, BoJ, YCC, PPI, CPI – Talking Points USD/JPY continues to test support after making fresh lows last week Japanese companies are facing higher costs at the factory gate If the BoJ tighten on Wednesday, will USD/JPY further submerge? {{EDU_SUBMODULE|11}} The Japanese Yen has started the week on steady footing after […]
S&P 500, Nasdaq 100, US Dollar, Gold, Japanese Yen, BoJ
Recommended by Daniel Dubrovsky Get Your Free JPY Forecast Global market sentiment improved this past week across stock market exchanges around the world. On Wall Street, the S&P 500 and Nasdaq 100 gained +2.67% and 4.82%, respectively. Turning to Europe, the FTSE 100 and DAX 40 increased 1.88% and 3.26%, respectively. Meanwhile, in the Asia-Pacific […]
Optimism Around BoJ Shift Lifts JPY
USD/JPY ANALYSIS All eyes on BoJ with regards to YCC and potential for future interest rate hikes. USD/JPY hits 7-month lows with developing ‘death cross’ possibly hinting at further downside. Recommended by Warren Venketas Get Your Free JPY Forecast JAPANESE YEN FUNDAMENTAL FORECAST: MIXED The Japanese Yen ended last week on the front foot from […]
Considerable upside in Yen vs. US Dollar – TDS
Economists at TD Securities think the Yen will trade with an asymmetric bias that is tilted to the upside. EUR/JPY: Downside towards 130 in the coming months is likely “With the Fed ceding leadership on policy to the ECB and the BoJ, JPY trading bias remains asymmetric and with considerable room for gains.” “We expect […]