-
USD/JPY Forecast: Set A Fresh February High At 110.12, Holds Nearby Early Asia
Wednesday, February 12, 2020 - 4:35pm | 403USD/JPY Current Price: 110.07 Japanese Tool Orders plunged 35.6% in January, according to preliminary estimates. A better market mood kept demand for safe-haven assets in check. USD/JPY set a fresh February high at 110.12, holds nearby early Asia. The USD/JPY pair peaked at 110.12 during...
-
USD/JPY Forecast: Failed Again To Surpass The 110.00 Level, Ends The Day With Modest Gains
Tuesday, February 11, 2020 - 5:00pm | 309USD/JPY Current Price: 109.74 Safe-haven assets eased amid the better performance of global equities. Japan to release the preliminary estimate of January Machine Tool Orders. USD/JPY failed again to surpass the 110.00 level, ends the day with modest gains. The USD/JPY pair closed...
-
USD/JPY Forecast: Losing Bullish Strength, Further Declines Not Yet Confirmed
Monday, February 10, 2020 - 4:49pm | 387USD/JPY Current Price: 109.66 Market players remain cautious amid persistent coronavirus-related fears. Japan to release January Machine Tool Orders this Tuesday. USD/JPY losing bullish strength, further declines not yet confirmed. The USD/JPY pair has spent the first trading day of the...
-
USD/JPY Forecast: Poised To Challenge The 110.00 Figure
Wednesday, February 5, 2020 - 5:13pm | 296USD/JPY Current Price: 109.76 Better-than-expected US data sent yields to fresh weekly highs. Japanese Jibun Bank Services PMI for January resulted at 51, below the expected 52.1. USD/JPY poised to challenge the 110.00 figure, scope to retest recent highs at 110.28. The USD/JPY pair...
-
USD/JPY Forecast: At Risk Of Falling Toward 107.90
Thursday, January 30, 2020 - 4:15pm | 336USD/JPY Current Price: 108.65 The Chinese coronavirus keeps spreading and fueling concerns about an economic downturn. Japan will release Tokyo inflation, Retail Sales and Industrial Production. USD/JPY challenging a major Fibonacci level, at risk of falling toward 107.90. The Japanese yen...
-
USD/JPY Forecast: Upside Limited By 109.30 Region
Wednesday, January 29, 2020 - 4:54pm | 349USD/JPY Current Price: 109.07 Japan’s Consumer Confidence remained unchanged at 39.1 in January. Fed´s Chief Powell limited the dollar’s demand but failed to trigger interesting movements. USD/JPY upside limited by 109.30 region, could turn bearish below 108.90. The...
-
USD/JPY Forecast: Would Turn Short-Term Bullish On A Bullish Extension Above 109.30
Tuesday, January 28, 2020 - 4:29pm | 383USD/JPY Current Price: 109.14 A better market mood helped the pair recover the 109.00 mark. BOJ Summary of Opinions and Japan’s Consumer Confidence coming up next. USD/JPY would turn short-term bullish on a bullish extension above 109.30. The USD/JPY pair recovered some ground in the...
-
USD/JPY Forecast: Bearish Heading Into The Asian Opening
Monday, January 27, 2020 - 4:45pm | 369USD/JPY Current Price: 108.98 The Japanese yen trades with a firmer tone amid prevalent fears of a virus outbreak. US Treasury yields fell to their lowest since last October amid risk-off. USD/JPY bearish heading into the Asian opening, 108.65 critical Fibonacci support. The USD/JPY pair...
-
USD/JPY Forecast: At Risk Of Extending Its Decline As Long As 109.70 Caps Advances
Thursday, January 23, 2020 - 3:33pm | 385USD/JPY Current Price: 109.45 Risk aversion related to the coronavirus backed safe-haven assets. Japan’s Jibun Bank Manufacturing PMI foreseen at 48.7 vs. the previous 48.4. USD/JPY at risk of extending its decline as long as 109.70 caps advances. The USD/JPY pair fell to 109.26...
-
USD/JPY Forecast: Could Enter A Bearish Corrective Phase On A Break Below 109.70
Wednesday, January 22, 2020 - 4:10pm | 329USD/JPY Current Price: 109.88 Japan’s December Merchandise Trade Balance, seen at ¥-150B, worse than the previous ¥-82.1B. Worldwide equities closed mixed, as sentiment improved, but not enough. USD/JPY could enter a bearish corrective phase on a break below 109.70. The USD/...
-
USD/JPY Forecast: To Accelerate Its Decline On A Break Below 109.70 The Immediate Support
Tuesday, January 21, 2020 - 4:13pm | 401USD/JPY Current Price: 109.81 Kuroda mild optimistic about the economy, concerned about abroad factors. A virus outbreak in China kept investors in risk-off mode. USD/JPY to accelerate its decline on a break below 109.70 the immediate support. The USD/JPY lost some ground this Tuesday,...
-
USD/JPY Forecast: Pressuring Its Recent Highs, Looking To Run Toward 111.00
Thursday, January 16, 2020 - 4:21pm | 310USD/JPY Current Price: 110.14 Machinery Orders in Japan bounced nicely in November, up by 18%. US Retail Sales beat expectations, weighing on safe-haven assets. USD/JPY pressuring its recent highs, looking to run toward 111.00. The USD/JPY pair spent the first half of the day consolidating...
-
USD/JPY Forecast: Could Enter A Bearish Corrective Phase Once Below 109.70
Wednesday, January 15, 2020 - 4:28pm | 376USD/JPY Current Price: 109.90 BOJ’s Kuroda pledged to ease further the monetary policy, if needed. Japan’s Machinery Tool Orders fell by 33.6% YoY in December after losing 37.9% in the previous month. USD/JPY retains its bullish stance, could enter a bearish corrective phase once...
-
USD/JPY Forecast: Correcting Lower, But Near A Multi-Month High Of 110.21
Tuesday, January 14, 2020 - 4:39pm | 435USD/JPY Current Price: 109.98 The US would not remove tariffs on Chinese imports until after the 2020 presidential election. Japan will publish December Machinery Tool Orders this Wednesday. USD/JPY correcting lower, but near a multi-month high of 110.21. The USD/JPY pair reached a fresh...
-
USD/JPY Forecast: Bullish Only Above The Critical 108.90 Resistance Level
Monday, January 6, 2020 - 4:22pm | 368USD/JPY Current Price: 108.40 Tensions persist, but US data helped riskier assets to recover some ground. Wall Street trimmed most of its intraday losses ahead of the close. USD/JPY bullish only above the critical 108.90 resistance level. The USD/JPY pair bounced from a daily low of 107.76...