The JPY is the strongest and the GBP is the weakest as the NA session begins
The strongest to the weakest of the major currency pairs As the North American session begins, the JPY is the strongest and the GBP is the weakest. The flash PMI data is Europe were generally a little better. The services PMI in the Eurozone moved back above the 50.0 level at 50.7. The services index […]
Market Update – January 19 – Stocks sink, USD rises after weak data & JPY bounces back
Weak data (Retail Sales & PPI) from the US added to recession worries – More Hawkish comments from a raft of FED speakers talking 5.25-5.5% terminal rates added to a safe haven bid for the USD, caused Stock markets to collapse (-1.24% to -1.81%) under key technical levels and speculators to back the YEN and […]
JPY Sinks As BOJ Sticks To Bond Purchases
BOJ Holds SteadyTraders were treated to some late New Year fireworks overnight as the Japanese Yen collapsed across the board in reaction to the latest BOJ meeting. Ahead of the January monetary policy meeting, traders had been increasingly expectant that the BOJ would signal a shift in policy. With the bank having recently lifted the […]
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 […]
Market Update – January 3 – JPY & Gold add to gains
Trading Leveraged Products is risky Markets are back to full-time today to kick-start 2023 with a key week topped by NFP data on Friday and undermined by the ongoing rise in Covid cases and deaths in China. Japan and New Zealand remain closed today, but in Asia the ASX (-1.3%) […]
USD JPY NEXT TRADE SETUP. – Forex Trading Analysis
USD JPY Usd jpy gained strength recently due to jpy’s weakness it was not due to Usd’s strength. After passing so much time in a range bound atmosphere, the pair now started to show signs of overstretched strength, it doesn’t really mean that the further strength is totally ruled out but the strength should be […]
NEXT TRADING STRATEGY IN USD JPY – Forex Trading Analysis
Usd jpy USD JPY is trading sideways since 1st July after touching high near 108.00 , no meaningful downside is witnessed since then. It is right that forex market is passing through a record low volatility phase now a days, so little opportunities arising these days. USD JPY is trading in a small range of […]
Market Update – January 4 – USD & JPY hold gains, Stocks flat & Oil tanks
The first full day of 2023 saw stocks flat, a bid for the Greenback & Yen, weaker EUR following softer German CPI data and Oil markets collapse on global growth worries. Treasuries are firmer with US10yr yields losing -2.61%. Overnight Asian stocks have traded mostly firmer despite the negative handover […]
LATEST FORMATION ON USD JPY CHART – Forex Trading Analysis
Usd jpy Usd Jpy is trading in a range bound manner for more than a month. Price was hovering between 107.000 and 105.500. Yesterday the pair broke it’s silence and the price is now trading below it’s familiar level of 105.500. Now what is the fate of the pair now is a big question. As […]