USDJPY: consolidation higher than the 121.95 level
USDJPY
Lug. 6, 2015, 09:57
Sell on a level breakthrough of 121.95 with 121.45 target. Stop loss = 122.45.
Reason for the trading strategy
After the last referendum in Greece, market participants prefer to get out of riskier assets, curtailing part of the yen carry trade operations. Today, the Nikkei 225 lost more than 2%, and the yen is testing the last week highs against the US dollar.
USDJPY: growth after the publication of the volume of industrial production in Japan
USDJPY
Lug. 13, 2015, 09:38
Buy on a level breakthrough of 122.86 with 123.62 target. Stop loss = 122.36.
Reason for the trading strategy
Today, the Nikkei 225 is winning back the positive closing of the US stock exchanges, growing by 1.57%.
In addition, the upward revision of Japans' industrial production data for May contributes to the yen carry trade transactions. In the reporting period, the indicator fell by only 2.1% (m / m) and not by 2.2%.
The USDJPY pair is approaching the support level of 123.56
USDJPY
July 23, 2015, 11:25
Sell on a level breakthrough of 123.56 with 122.93 target. Stop loss = 124.06.
Reason for the trading strategy
Growth of the euro to the level of $1.1 has put significant pressure on the US dollar against the yen. Today, the world's reserve currency may be supported by the weekly report on the US labor market. However, the probability of the USD/JPY pair breaking through the local support of 123.56 seems high.
USDJPY
Aug. 3, 2015, 09:02
Buy on a level breakthrough of 124.11 with 124.58 target. Stop loss = 123.64.
Reason for the trading strategy
In July, the business activity index in Japan's manufacturing sector rose from 50.1 p to. 51.2 p. but was worse than the forecast of 51.4 p. The statistics is moderately negative for the yen. At the level breakthrough of 124.11, opening long positions in the USD/JPY pair is worth considering.
USDJPY: Consolidation in the range of 124.11-125.06
USDJPY
Aug. 10, 2015, 09:14
Buy on a level breakthrough of 124.48 with 125.06 target. Stop loss = 123.98.
Reason for the trading strategy
In June, Japan's current account surplus amounted to 558.6 trillion yen with a forecast of 773.6 trillion yen. The news is moderately negative for the yen. Its further weakening would increase the attractiveness of Japanese goods and services in international markets.
USDJPY: growth against the background of falling GDP in Japan
USDJPY
Aug. 17, 2015, 09:26
Buy on a level breakthrough of 124.70 with 125.27 target. Stop loss = 124.20.
Reason for the trading strategy
Japan's GDP totaled -0.4% (q/q) in Q2 2015, with a forecast of -0.5% (q/q). The annualized figure fell by 1.6% against the expected 1.8% decline. Compression of the Japanese economy and the unfolding currency war in Asia may push the BOJ to expand its asset purchases program.
USDJPY: under pressure against the backdrop of curtailing of the carry trade operations
USDJPY
Aug. 24, 2015, 09:18
Sell on a level breakthrough of 120.39 with 118.54 target. Stop loss = 120.90.
Reason for the trading strategy
Today, at the opening of trading, the Shanghai Composite Index fell by 8% due to a negative closing of the US stock exchanges on Friday and the Chinese regulator's refusal to loosen the monetary policy. Against this backdrop, investors are curtailing the yen carry trade operations.
USDJPY: growth against the background of an increase of the index of leading economic indicators in Japan
USDJPY
Sept. 7, 2015, 09:43
Buy on a level breakthrough of 119.60 with 120.70 target. Stop loss = 119.10.
Reason for the trading strategy
In July, the index of leading economic indicators in Japan fell to 104.9 p, the lowest value of the year. The data is negative for the yen. At the level breakthrough of 119.6, opening long positions in the USD/JPY pair is worth considering.
USDJPY: growth against the background of expectations of expanding the asset purchases program in Japan
USDJPY
Sept. 10, 2015, 11:07
Buy on a level breakthrough of 121.10 with 121.70 target. Stop loss = 120.60.
Reason for the trading strategy
Today Mr. Kozo Yamamoto, the adviser to the Prime Minister of Japan, noted that the Bank of Japan should increase the annual volume of the asset purchases program by at least 10 trillion yen. His statement led to the USD/JPY pair testing the level of 121.10.
USDJPY: growth against the background of a decrease in Japan's trade balance
USDJPY
Sept. 17, 2015, 10:22
Buy on a level breakthrough of 121.71 with 123.08 target. Stop loss = 121.00.
Reason for the trading strategy
Japan's trade deficit increased from 268.4 billion to 569.7 billion yen in August, with a forecast of 541.3 billion yen. Exports decreased from 7.6% to 3.1% in annualized terms. The decline in trade balance, which is included in the structure of Japan's GDP, puts pressure on the yen.
The USDJPY pair is approaching the level of 119.71
USDJPY
Sept. 24, 2015, 09:16
Sell on a level breakthrough of 119.71 with 119.05 target. Stop loss = 120.31.
Reason for the trading strategy
In September, the preliminary business activity index in Japan's manufacturing sector fell from 51.7 p. to 50.9 p. These data contributed to curtailing of the carry trade operations. At the moment, the Nikkei 225 is declining by more than 2%, and the yen is strengthening.
USDJPY: growth after the publication of weak macroeconomic statistics for Japan
USDJPY
Sept. 30, 2015, 08:46
Buy on a level breakthrough of 120.16 with 121.23 target. Stop loss = 119.66.
Reason for the trading strategy
In August, the volume of industrial production in Japan fell by 0.6% (m/m). The value of the index for the previous month was revised downwards from - 0.6% (m/m) to - 0.8% (m/m). In August, retail sales in Japan rose by 0.8% (m / m) with a forecast of + 1.2% (m/m). The statistics, which was worse than expected, put pressure on the yen.
USDJPY: growth against the background of an increasing number of carry trade operations
USDJPY
Oct. 5, 2015, 10:00
Buy on a level breakthrough of 120.34 with 121.23 target. Stop loss = 119.74.
Reason for the trading strategy
Growth of the US and the Asian stock markets contributes to the number of yen carry trade operations.Today, the Nikkei 225 gains 1.5%. The US Federal Reserve is unlikely to raise the key interest rate in October, but the Bank of Japan may expand the asset purchases program in the coming months.
USDJPY: growth after publication of data on foreign trade in Japan
USDJPY
Oct. 21, 2015, 09:48
Buy on a level breakthrough of 120.07 with 120.55 target. Stop loss = 119.60.
Reason for the trading strategy
In September, Japan's foreign trade deficit totaled 114.5 billion yen with a surplus of 100 billion yen predicted. Exports from Japan in September amounted to 0.6% (y/y), with a forecast of +3.4% (y/y). The insufficiently weak yen and the decline in business activity in China may promote an expansion of the Bank of Japan's asset purchases program.
USDJPY: under pressure after the Bank of Japan meeting
USDJPY
Nov. 19, 2015, 09:03
Sell on a level breakthrough of 123.08 with 122.22 target. Stop loss = 123.59.
Reason for the trading strategy
The yen is strengthening against the background of the Bank of Japan maintaining the volume of asset purchase program at 80 trillion yen per year. The news about the increase in Japan's trade balance from minus 115.8 billion to 111.5 billion yen in October provides additional support for the Japanese currency.
USDJPY: consolidation higher than the level of 122.62
USDJPY
Nov. 20, 2015, 09:22
Sell on a level breakthrough of 122.62 with 122.22 target. Stop loss = 123.02.
Reason for the trading strategy
After the Bank of Japan kept the annual the monetary base increase unchanged, the yen continued to strengthen in the international currency market. During the last day, the yield spread between the 10-year US and Japanese bonds got reduced (although slightly) by 1 bps. https://twitter.com/Exness_Support/status/667642974075940864
