US Dollar Price Action Setups post-CPI: EUR/USD, GBP/USD, USD/JPY
US Dollar Talking Points: Recommended by James Stanley Get Your Free USD Forecast Inflation continues to fall in the United States and this morning’s print brought the sixth consecutive month of headline CPI moving-lower, following the peak of 9.1% that showed in June of last year. The US Dollar dropped after the release, setting a […]
USD/JPY refreshes day’s low around 131.40 as street sees further softening of US Inflation
USD/JPY has refreshed its day’s low at 131.40 as odds for further US inflation softening soar. Federal Reserve might look to tweak its monetary policy projections if US inflation continues its downside spree. The Bank of Japan is firmly considering an exit from its secular long ultra-loose monetary policy. USD/JPY is hovering near the lower […]
ForexLive Asia-Pacific FX news wrap: USD/JPY dumps on BOJ review report
The Bank of Japan policy meeting is next week, on January 17 and 18. Yomiuri (Japan media) reported today that in this meeting the Bank will review the side effects of its monetary easing and may take additional steps to correct distortions in the yield curve. You’ll recall that at the meeting in December the […]
Don’t expect Yen to weaken much further
Former Bank of Japan (BoJ) board member Sayuri Shirai said on Wednesday, “US interest rates are declining so don’t expect the Yen to weaken much further.” Further comments “Excessive strength in dollar likely to be corrected.” “Households and companies’ inflation expectations are extremely high but market forecasts are below 2%, not much change in inflation […]
USD/JPY pain to return as surging inflation tees up BoJ for further hawkish foray By Investing.com
© Reuters By Yasin Ebrahim Investing.com — The dollar has attempted to steady since its recent rout against the yen, but the yen could bring the pain once again after the latest data showing Tokyo inflation hitting four-decade highs ramped up bets on the Bank of Japan making a further foray into hawkish territory next […]
US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY
US Dollar Talking Points: The US Dollar is testing another spot of support this morning at the 103 handle on DXY. EUR/USD has pushed up to a fresh seven-month-high while starting to test a big zone of resistance. USD/CAD continues to be one of the more attractive bearish USD setups while USD/JPY tests a key […]
Japanese Yen at Crossroads as US Dollar Sinks on Fed Comments. Where to for USD/JPY?
Japanese Yen, USD/JPY, US Dollar, Crude Oil, Gold – Talking Points The Japanese Yen faces challenges after inflation data The US Dollar slid lower elsewhere and the BoJ has its work cut out The Fed and the rate is driving markets, Will Thursday US CPI move USD/JPY? Recommended by Daniel McCarthy Get Your Free JPY […]
Further downside hinges on 131.30 break
USD/JPY remains pressured for third consecutive day as sellers poke one-week-old support line. Bearish MACD signals, downbeat RSI signal further south-run. Any recovery remains elusive below 135.00 resistance confluence. USD/JPY holds lower ground near the intraday bottom surrounding 131.30 as bears flirt with the short-term key support during early Tuesday. In doing so, the Yen […]
Goldman Sachs forecasts USD/JPY to 126 (12 month horizon), from 130 previously
Goldman Sachs on USD/JPY and the Bank of Japan. Analysts have lowered their USD/JPY forecasts significantly: “We have maintained our core view that USD/JPY should trade most closely with US rates this year, particularly given our forecast that the BoJ will be more patient in making further policy changes than the market expects,” GS notes. […]
USD/JPY tumbles below 133.00 on broad US Dollar weakness, post-NFP data
December’s US Nonfarm Payrolls data weakened the US Dollar, even though the labor market remains tight. Average Hourly Earnings easing sparked speculations for a dovish move of the Federal Reserve in the February meeting. USD/JPY Price Analysis: Likely to remain downward biased below 133.00. The USD/JPY struggles at the 200-day Exponential Moving Average (EMA) around […]