Posts Tagged ‘USD/JPY’

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Traders Again Ready for Risk?

Traders regained risk sentiment for a while yesterday. However, the US dollar was losing ground again in the Asian trade. The USD/JPY pair sank below 112.20. Earlier this week, the Japanese currency was weighed down by the stronger US dollar. Analysts explain the lack of interest in Japanese assets by the Fed that investors misunderstood a speech by the Bank of Japan leader. Governor Haruhiko Kuroda said that too much stimulus could make […]

Where Can USD be Bought and Sold at Profit?

Experts say that the US dollar is going to gain strong momentum this trading week. Counting the days before the Fed's policy meeting, traders take less notice of other assets. In the Asian session, the US dollar kept on a steady rally against the Japanese yen. The USD/JPY pair is now trading flat close to 113.40. Analysts assume the pair is on track to reach 114.00 in a few trading days. This scenario […]

US NFP in Focus Today

The US dollar picked up steam in the Asian trade today. Investors are anticipating a US Non-Farm Employment Change report as the top priority. Meanwhile, Japan released a report on GDP growth for the third quarter. Japan's economy surged 0.6% on a quarterly basis. The nation's GDP grew at an annualized pace of 2.5% that beat expectations for a moderate 1.5% gain. Besides, China's statistics cemented the optimism of investors. The country's trade surplus widened last […]

Traders Opt for US Assets

Since the beginning of this trading week, gold is gradually declining. At the Asian session today, gold fell below $1,260. Gold is trading at $1,257.70 per troy ounce. Last time, the price sank to this level 4 months ago. The gradual decline means that market participants are optimistic about the investment attractiveness of the US assets. Traders are also encouraged by the progress in the adoption of the US tax reform. As a result, […]

Asian Traders Avoid Buying USD

In the Asian session, traders hesitated to buy the US dollar that reveals concerns about implementation of the tax reform in the US, As a result, the greenback is unable to develop a steady rally. On the other hand, its rival currencies have also come under pressure. For instance, the Australian dollar weakened against the American currency after a tepid report on GDP growth. The AUD/USD pair is trading next to 0.7580. Australia's GDP fell short of expectations, […]

USD Calms Down Ahead of First-Tier Data

The US dollar index dipped for a while as market participants are weary, awaiting the next stage of the US tax reform saga. The USD/JPY pair retreated from 113.00 and is making correctional moves. Experts are certain that the currency pair is set to reach a 1-month high soon. The release of the first-tier data from the US will bring volatility to forex. China posted a batch of macroeconomic data overnight. According to a private survey […]

Experts Assume Weaker USD in Short-Term

US dollar bulls were setting the tone in the Asian trade. The USD/JPY pair is approaching a 2-week high. The US dollar surpassed the level of 112.00 against the Japanese yen as investors are pleased about the upgraded US GDP data for the third quarter. Earlier, consumer sentiment was reported to surge to a 17-year high. Japan released flash data on industrial production for October. According to the government data, the industrial output rose by 0.5% last […]

USD Growth Capped in Asian Trade

Yesterday, the Senate Budget Committee in the US voted to advance the Republican tax bill. This time, the tax bill was approved by the committee without Trump;s involvement. Donald Trump argued with Democratic Congressional leaders and tweeted that he failed to reach a deal with them on funding the government. However, in the Asian trade, investors preferred to neglect the incident, thus pushing the US dollar index up above 93.00. Obviously, market participants […]

USD/JPY and NZD/USD Forecast — November 27th 2017

In this video, the Trader Guy looks at the currency pairs USD/JPY and NZD/USD for the November 27th session. USD/JPY — As you can see that, we did rally a bit and found this area here, of interest. I think at the 112.00 level, we have a lot of exhaustion just waiting to happen. So, if we roll over, I think it is a selling opportunity down to 108.00. Now, on the other hand, if we can […]

Traders Longing for Weekend

Black Friday followed Thanksgiving Day in the US. The US dollar went on its decline against most rivals on Friday. The US dollar index is still trading under pressure in the wake of comments from Janet Yellen, who voiced concern over stubbornly low inflation in the country. Currently, the index is consolidating near 93.20. Another reason behind the soft US dollar is that traders are confused by the too cautious […]