TAG: usd-jpy
USD/JPY Forecast: BoJ Accommodation, Fed Speakers, and 152 Barrier Dynamics
An Accommodative Bank of Japan, Interventions, and 152On Tuesday, the Bank of Japan and the Japanese government could impact buyer demand for the USD/JPY. Recent economic indicators from Japan have given the BoJ little reason to shift from post-pivot forw...
6 months ago
Hang Seng Index, Nikkei 225, ASX 200: Forecasting Responses to US and China Indicators
US Equity Markets React to Inflation and Manufacturing PMIsOn Monday, the US markets had an opportunity to react to the US Personal Income and Outlays Report and Fed Chair Powell commentary. The Core PCE Price Index increased by 2.8% year-on-year in March...
6 months ago
EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Tests New Highs As ISM Manufacturing PMI Climbs Above 50
U.S. DollarDXY 010423 4h ChartU.S. Dollar Index tests new highs as traders react to PMI reports. The final reading of S&P Global Manufacturing PMI report indicated that S&P Global Manufacturing PMI declined from 52.2 in February to 51.9 in March....
6 months ago
USD/JPY Forecast – US Dollar Continues to Levitate
US Dollar vs Japanese Yen Technical AnalysisThe dollar-yen has gone back and forth during the course of the trading session in the early hours of Tuesday, as we continue to look at the 152-yen level with great interest. This is an area that obviously has...
6 months ago
Gold Price’s Relentless Rally
Gold Could Reach $2,300 This might seem perplexing for those who read only free analyses from me and didn’t have the full picture – in the last few years I had long and short positions in mining stocks (featuring 12 profitably closed unleveraged positions...
6 months ago
EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Pulls Back From Multi-Month Highs
U.S. DollarDXY 020424 4h ChartU.S. Dollar Index is losing ground as traders react to the JOLTs Job Openings report, which indicated that JOLTs Job Openings remained unchanged at 8.75 million in February. Factory Orders increased by 1.4% month-over-month i...
6 months ago
Hang Seng Index, Nikkei Index, ASX 200: Futures Flash Red Pre China Services PMI
US Equity Markets: US Factory Orders and Job OpeningsOn Wednesday, overnight US economic indicators warrant investor attention amidst increasing uncertainty about a June Fed rate cut.JOLTs job openings remained steady at 8.75 million in February after a d...
6 months ago
USD/JPY Forecast: BoJ’s Eyes on Japan Services Sector Activity
Japan Services Sector Activity Puts the Bank of Japan in FocusOn Wednesday, April 3, the Jibun Services PMI for March warrants investor attention. The Bank of Japan recently turned its attention to the services sector as a source of demand-driven inflatio...
6 months ago
The Week Ahead: The US CPI Report and Fed Chatter in the Spotlight
The US DollarOn Monday, NY Fed 1-Year Consumer Inflation Expectation figures will kick-start the week for the US dollar. A pickup in consumer inflation expectations could lead to decreased consumer spending as individuals may adjust their expenditure plan...
6 months ago
USD/JPY Weekly Forecast: Inflation Trends, Central Bank Chatter, and 152
Weekly Overview of the USD/JPY in the Week Ending April 5, 2024The USD/JPY gained 0.19% in the week ending April 5, closing the week at 151.607. The USD/JPY rose to a Wednesday high of 151.951 before falling to a Friday low of 150.809.USD/JPY Analysis: Wa...
6 months ago
USD/JPY On the Verge of Hitting Multi-Decade Highs
You will recall that the Bank of Japan (BoJ) increased its Policy Rate to +0.00%/0.10% in March, pulling the rate out of negative territory. While many, including the Research Team at FP Markets, expected the Japanese yen (JPY) to rally on the back of thi...
6 months ago
ECB and US CPI in the Headlights This Week
Last week ended with the US Employment Situation Report. Markets witnessed a monster beat for employment growth; the US economy added more than 300,000 jobs in the month of March versus a median estimate of 210,000 (prior data: small downward revision fro...
6 months ago
Hang Seng Index, Nikkei Index, ASX 200: Geopolitical Risks and US Jobs Report Impact
US Equity Markets: US Jobless Claims and Equity Market GainsOn Monday, the hotter-than-expected US Jobs Report and US equity market reaction warrant investor attention.Nonfarm payrolls surged 303,000, beating expectations of a 200,000 increase. The US une...
6 months ago
USD/JPY Forecast: Intervention Threats, BoJ Action, and Fed Eyes on CPI
Average Cash Earnings and the Current Account SurplusOn Monday, average cash earnings and current account numbers from Japan put the USD/JPY in focus.Average cash earnings increased 1.8% year-on-year in February after advancing 2.0% in January. Economists...
6 months ago