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Bulls on USD/JPY Regrouping from the 107.00 Handle?

The US dollar versus the Japanese yen currency pair oscillates around the 107.09 level. Is there a lack of direction?

Japanese Yen Strengthens on BoJ’s ‘Whatever We Can’ Approach to Rescue Economy

The Japanese yen is strengthening against its G10 currency counterparts midweek, driven by the central bank’s signal that it would impose additional monetary stimulus to save the world’s third-largest economy. Investors were also bullish on new data showing banks are increasing their lending programs. With Tokyo planning to top up its $1 trillion stimulus efforts, could Japan avoid a financial crisis in the aftermath of the coronavirus?

Japanese Yen Weakest on Forex After US-China Trade Talks

The Japanese yen was the weakest currency on the Forex market today after the market sentiment improved, limiting demand for the currency in its role as a safe haven. Traders felt more optimistic after the seemingly positive developments in the trade talks between the United States and China.

USD/JPY Heading for the 105.55 Major Support

The US dollar versus the Japanese yen currency pair is approaching the weekly support level of 105.55. How may the market react?

Japanese Yen Rallies Against US Dollar on Safe Haven Flows

The Japanese yen today rallied against the US dollar driven by the risk-off market sentiment, which saw the yen benefit from safe-haven flows. The USD/JPY currency pair fell to new multi-week lows as the yen kept making gains against the greenback despite the DXY’s gains.

Japanese Yen Holds Steady As Abe Extends State of Emergency

The Japanese yen is holding steady against its most traded currency rivals to start the week. After disappointing economic data and expanded monetary stimulus announcements last week, the yen is being largely driven by the government’s decision to extend the state of emergency for the rest of May. While Tokyo is bracing for a severe downturn, the tsunami of coronavirus cases has yet to occur.

The Bears Try to Confirm 107.05 on USD/JPY

The US dollar versus the Japanese yen currency pair seems to be willing to continue the decline. Do the bulls still have any options left?

Yen Gains on Commodity Currencies, Reverses Losses vs. Others

Commodity currencies were generally weak today, allowing the Japanese yen to gain on them. The yen also rose versus the Great Britain pound. Initially, the Japanese currency was flat against the US dollar and fell versus the euro and the Swiss franc but currently the yen rebounded, rising against the dollar and the euro while being about flat against the franc. Japan released a bunch of macroeconomic indicators today, and unsurprisingly, they were rather […]

Japanese Yen Flat After Economic Data, Falls vs. Franc & Sterling

The Japanese yen traded largely sideways today, though it slid against the Great Britain pound a bit and dropped versus the Swiss franc. The market sentiment was swinging between optimism and pessimism, making it hard for currencies to find a clear direction. Japanese macroeconomic data looked rather dire but not all reports turned out to be as bad as analysts were expecting.

Japanese Yen Flat-to Higher After Economic Data

The Japanese yen was trading flat against some of its major rivals today but managed to gain on others. Hopes of a lift of the lockdown measures in various countries across the world and underwhelming domestic macroeconomic data were weighing on Japan’s currency but fears of a global economic recession that is going to follow the coronavirus pandemic and falling crude oil prices were boosting the yen.

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