Posts Tagged ‘USD/JPY’

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USD Lacks Support

Even upbeat macroeconomic data from the US did not boost the demand for the US dollar. Today, the greenback can find support from US inflation data and retail sales. At present, CPI data is of crucial importance for the US regulator. The minutes of the latest Fed policy meeting showed that while policy makers are open to raising interest rates in December, they are still concerned about low inflation. Experts […]

USD Trading Lower as Expected

Traders went on selling the US dollar after the minutes from the US Federal Reserve's latest meeting. The US dollar hit a 2-week low versus a basket of major currencies, having fallen below 93.00. Today, the index made a minor upward correction. The minutes indicated that most of the Fed policymakers are ready to increase interest rates until the year end. However, some central bankers are still concerned about persistently […]

USD Weighed Down by Traders’ Caution

The US dollar wobbled against its peers as investors are awaiting the release of minutes of the September Federal Reserve policy meeting later in the session. The USD/JPY pair is rebounded from the lows hit on Tuesday and briefly touched 112.60. However, in the European pre-market the pair was trading near 112.20. At present, Japanese investors are mainly focused on local political developments as the nationals are due to elect a prime minister in the snap election, slated […]

USD Treading Water in Asian Trade

The US dollar has opened the Asian trade on a lower note for the second day in a row. Recently, the standoff between the US and North Korea have reached the boiling point. Late last week, mass media reported that North Korea was preparing a long range missile that fueled fears among investors. So, traders are again flocking to safe haven assets and the US dollar took a knock against the yen. The USD/JPY […]

North Korean Tensions Turn the Screw

Again, geopolitics accounts for trading sentiment on Forex. Tensions between the US and North Korea have reached the boiling point. US President Donald Trump again said that the only thing will work is to rein in Pyongyang's nuclear ambitions. In response, North Korean leader called his nuclear program a treasured sword protecting peace on the Korean peninsula. The currency market instantly mirrored the attitude of the traders. The US dollar opened the Asian […]

USD/JPY and AUD/USD Forecast — October 5th 2017

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the October 5th session. USD/JPY — As you can see that we have fallen a bit, but turned around to form a hammer. I think that shows every time we dip, it is going to continue to go higher. The 114.50 level will be the beginning of major resistance to the 115.00 level. Once we get above 115.00, then […]

Investors Respond to Australia Data

The US dollar is still enjoying buoyant demand. The greenback closed the Asian trade in the green. The USD/JPY pair is still trading slightly above 113.00. The US dollar found support from a strong reading for US manufacturing activity. Another reason for the greenback's rally is the speculations about a contender for the Federal Reserve Chair. Kevin Warsh who expresses about the hawkish stance on monetary policy could replace Janet Yellen when […]

USD/JPY and AUD/USD Forecast — September 29th 2017

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the September 29th session. USD/JPY — As you can see, we continue to bounce around and I think that the 112.00 level could offer support. But even if we break down below there, I think that the 111.00 offer support. Pullbacks are buying opportunities. I think that the 114.50 level above if of course the top of the overall consolidation […]

USD/JPY Is Supported by a Rising Trend Line — Forecast — September 28th 2017

In this video, the Trading Central looks at the currency pair USD/JPY for the September 27th session. USD/JPY — Looking at the intraday 30-min chart, the pair remains supported by the rising trendline, in place since last Tuesday. It also remains supported by the rising 50-period Moving Average. Further advance is also expected above the strong horizontal support at 112.65. The first target is set at Wednesday's top at 113.25 and the next target at 113.55.

US Fed to Raise Rates Despite Inflation

Speaking yesterday afternoon, US Fed Chair Janet Yellen maintained a hawkish tone on monetary policy, reaffirming the latest Fed statement last week. In her remarks, she noted that the regulator would continue gradual monetary tightening even despite the indefinite time when inflation will hit the central bank's target. Meanwhile, the US Consumer Price Index is still too low, being unable to approach the target level […]

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