JPY News Reviews 

JPY Daily Review July 8, 2018

JPY Daily Review for July 8, 2018 USD/JPY goes taut as the US unleashes tariffs on China The USD/JPY is trading into 110.70 as the trade war between the US and China heats up, with the first volley of US tariffs on Chinese goods coming int   EUR/JPY Technical Analysis: Bulls await an upside break of sideways channel Hourly chart Spot Rate: 129.38 Daily HIgh: 129.46 Daily Low: 129.21 Trend: Bullish above 129.70 (channel resistance) Resistance R1: 129.53 (up   USD/JPY: bulls in control, but lack conviction ahead of key…

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JPY News Reviews 

JPY Daily Review July 5, 2018

JPY Daily Review for July 5, 2018 USD/JPY drops to 200-hour MA on trade tensions The bid tone around the Japanese Yen strengthened, pushing the USD/JPY pair down to 110.300 (200-hour MA). At press time, the currency pair is tradin   AUD/JPY edging towards 81.00 as trade fears continue unabated The AUD/JPY is trading down into 81.40 in the early Thursday Asia session after middling through Wednesday’s markets. The Aussie is shedding some gro   USD/JPY Technical Analysis: Bear flag breakdown on 15-min chart 15-min chart Spot Rate: 110.38 Daily…

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JPY News Reviews 

JPY Daily Review July 4, 2018

JPY Daily Review for July 4, 2018 USD/JPY on the rebound, but the 110.50 level remains elusive The USD/JPY is bouncing at the tail end of Wednesday’s Asian session, and the US Dollar is rebounding into 110.45 after dipping to a low of 110.27. T   AUD/JPY jumps 40 pips on upbeat Aussie retail sales The bid tone around the Aussie dollar strengthened on Wednesday, pushing the AUD/JPY to a high of 81.97 after Australia reported a better-than-expecte   GBP/JPY heading towards 145.50 as risk appetite hesitates The GBP/JPY is…

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JPY News Reviews 

JPY Daily Review July 3, 2018

JPY Daily Review for July 3, 2018 Forex Today: Yen bid on risk-off, Aussie unmoved by RBA, UK construction PMI in focus Forex Today was a mixed bag with most G10 currencies trading on the back foot, despite broad-based US dollar weakness, as cautioned prevailed amid ris   USD/JPY fades spike above 111.00, treasury yield curve flattest since 2007 The USD/JPY pair failed to scale the long-term falling trend line, likely due to flattening of the Treasury yield curve. As of writing, the currency   AUD/JPY sees little movement after…

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JPY News Reviews 

JPY Daily Review July 2, 2018

JPY Daily Review for July 2, 2018 USD/JPY backs off from 1.5-month high as S&P 500 futures turn red, Asian stocks report losses The USD/JPY is trading at 110.80, having clocked a session high of 111.06 – the highest level since May 22. The decline from 111.06 to 110.80 could b   GBP/JPY Technical Analysis: Negative divergence on the hourly RSI Hourly chart Daily chart Spot Rate: 146.43 Daily High: 146.59 Daily Low: 145.77 Trend: Bullish move may stall Resistance R1: 146.65 (June 2   USD/JPY clips the 111.00 key…

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JPY News Reviews 

JPY Daily Review July 1, 2018

JPY Daily Review for July 1, 2018 USD/JPY Tests Uptrend Resumption Post 1992 Japan Jobless Rate Low USD/JPY could be at the edge of uptrend resumption following the lowest recorded Japanese jobless rate since 1992 at 2.2%. It eyes risk trends next,   USD/JPY breaks above key trendline, hits two-week high on the EU migration deal The risk assets are on the rise and the safe havens and the funding currencies like the Japanese Yen are being offered across the board on the news th   EUR/JPY gallops to 129.10…

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JPY News Reviews 

JPY Daily Review June 28, 2018

JPY Daily Review for June 28, 2018 Japanese Yen Technical Analysis: USDJPY Uptrend Threatened The Japanese Yen has been struggling against the US Dollar for months, but that dominant uptrend looks under more pressure than ever   Asia AM Digest: Stocks May Fall as JPY Rises Post RBNZ, BoC Update After declines on Wall Street, Asian shares may follow suit and thus send the anti-risk Japanese Yen higher. Updates from the RBNZ and BoC fueled   GBP/JPY marks in a new low for June as the Sterling continues to trade…

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JPY News Reviews 

JPY Daily Review June 27, 2018

JPY Daily Review for June 27, 2018 GBP/JPY coiling above 145.00 as traders wait for an impetus to pick a direction The GBP/JPY pair is continuing the early week’s churn, touching down into 145.10 in the Asia session as traders grapple with off-balance market sentim   AUD/USD feels the heat as Yuan and AUD/JPY slide The AUD/USD pair is likely being dragged lower by Chinese Yuan and AUD/JPY pair. At press time, the AUD/USD is trading at 0.7370, having clocked a lo   USD/JPY: bulls need to get above the…

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JPY News Reviews 

JPY Daily Review June 26, 2018

JPY Daily Review for June 26, 2018 USD/JPY: On the defensive after the DJIA closed below 200-day MA The USD/JPY is feeling the pull of gravity, courtesy of trade-related uncertainty and the resulting risk aversion in the US stock markets. At press t   AUD/JPY Technical Analysis: Bear flag breakdown seen in hourly chart Hourly chart Spot Rate: 81.05 Daily High: 81.42 Daily Low: 80.97 Trend: Bearish Resistance R1: 81.13 (May 9 low) R2: 81.42 (session high) R3   Japan PM Abe: BOJ’s easing is not aimed at weakening Yen…

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