CATEGORY USD/JPY

Live FX Market Analysis – 1 May 2018 (Video)

Senior Market Analyst Craig Erlam previews a busy week for financial markets which includes central bank announcements, big economic releases and more US companies reporting first quarter earnings. Craig also gives his live analysis on EURUSD (16:03), GBPUSD (18:47), EURGBP (21:10), AUDUSD (24:13), USDCAD (26:19), GBPCAD (28:21), NZDUSD (30:47), USDJPY (32:32), GBPJPY (33:54) and EURJPY (35:35).…

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Commodities Steal the Show

    Commodities Steal the Show Commodities stole the show overnight led by WTI which soared to a three year on the DOE report while industrial metals catapulted higher on the likelihood that an extension of Russian sanctions will hit like a sledgehammer at the heart of the nation’s mining complex. But not to be…

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FX Market Analysis – 20 February 2018 (Video)

Senior Market Analyst Craig Erlam discusses this week’s key event risks, with the most notable being the UK jobs report and BoE inflation report hearing. Craig also gives his live analysis on EURUSD (11:04), GBPUSD (15:13), EURGBP (17:04), AUDUSD (18:36), USDCAD (20:02), GBPCAD (22:01), NZDUSD (24:47), USDJPY (25:44), GBPJPY (26:47) and EURJPY (28:24). USD/JPY –…

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Weekly FX Market Update – 6 February 2018 (Video)

It’s been an extremely turbulent 24 hours in the financial market with the Dow recording its largest ever daily points drop as panic set in and traders tried to work out what was triggering such a strong sell-off. Markets have stabilized a little on Tuesday but there remains some concern among traders which continues to…

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USD/JPY crumbles below 118.00

FXStreet (Córdoba) – USD/JPY came under strong pressure amid a broad USD sell-off and lost almost 200 pips since the beginning of the American session, breaking below several support levels.

USD/JPY plummeted and dipped below the 118.00 level, as stocks losses added momentum, to hit a fresh 2-week low of 117.50 before finding support. Having recovered from session lows, USD/JPY is currently trading at 118.05, still recording a 1.6% daily loss.

USD/JPY technical levels

As for technical levels, next supports are seen at 117.50 (Feb 3 low), 116.46 (Jan 21 low) and 115.96 (Jan 20 low). On the other hand, immediate resistances could be faced at 120.00/03 (psychological level/Feb 3 high), 120.23 (50-day SMA) and 120.58 (100-day SMA).

USD/JPY came under strong pressure amid a broad USD sell-off and lost almost 200 pips since the beginning of the American session, breaking below several support levels.

(Market News Provided by FXstreet)

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USD/JPY is getting bumpy

A high wave candle on the daily USD/JPY chart augurs that the upward power of this market is dissipating.Closing the day below the 21-day simple moving average, this pair has thrown in a large bodied candlestick, with both upper and lower wicks summing…

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USD/JPY holds above 123.00

USD/JPY holds above 123.00

FXStreet (Córdoba) – USD/JPY pulled back from an 11-day high scored earlier on the day as the greenback gave up ground over the last hours amid profit taking.

USD/JPY reached a peak of 123.33, last seen Nov 19, as month-end flows underpinned the dollar, although it lost momentum afterward. With the subsequent pullback being contained by the 123 mark, USD/JPY is currently trading at 123.12, still up 0.27% on the day.

Today, a soft series of US data did little to affect USD/JPY price action as main focus remains on Friday’s nonfarm payrolls report, which will be the last key indicator ahead of December’s Fed meeting.

USD/JPY levels to watch

In terms of technical levels, next resistances are seen at 123.74 (Nov 18 high), 124.15 (Aug 20 high) and 124.45 (Aug 19 high). On the flip side, supports could be faced at 122.67 (Nov 30 low), 122.20 (Nov 16 low) and 121.77 (100-day SMA).

USD/JPY pulled back from an 11-day high scored earlier on the day as the greenback gave up ground over the last hours amid profit taking.

(Market News Provided by FXstreet)

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