USD/JPY may return to 105-110 range if Treasury yields rise to 1.5% – Mizuho

Mizuho outlines the conditions for USD/JPY to rise The firm says that the market isn’t seeing a significant yen weakening trend at the moment but will feel more comfortable about USD/JPY going back to the 105-110 range if 10-year Treasury yields climb more significantly from hereon. Adding that many exporters are seen putting USD/JPY at […]

Continue Reading

USD/JPY climbs to 104.00 but the hard part is just getting started for buyers

USD/JPY extends its good form this week to touch 104.00 For bank trade ideas, check out eFX Plus Higher yields continue to fuel gains in the pair (and yen crosses in general) this week, with price now hitting 104.00 for the first time since 15 December. While the push higher this week has been encouraging […]

Continue Reading

USD/JPY extends drop under 103.00 as dollar eases further on the session

USD/JPY trades to its lowest levels since March last year The dollar isn’t getting much reprieve on the session as it continues to falter against the rest of the major currencies bloc in trading today. EUR/USD is testing 1.2300 again while USD/JPY has slipped by 0.5% to a low of 102.72. Looking at the chart, […]

Continue Reading

USDJPY lower on the day. Below the 200 hour MA and trend line resistance.

200 hour MA at 104.11 The USDJPY is lower on the day and trades below the 200 hour MA at 104.114.  Admittedly, the price has traded above and below that MA level.  Early in the Asian session, the price fell below the moving average line and continue to the low for the day at 103.90. The subsequent rise […]

Continue Reading

USD/JPY drops to a fresh one-month low, strays away from the typical yields correlation

USD/JPY falls to its lowest level since 22 September, just below 105.00 Dollar weakness is the major theme in the currencies market today and it is apparent that a lot of that is riding on the back of hopes of a stimulus deal coming – one way or another. While short-term headlines may still bring […]

Continue Reading

USD/JPY hangs on above 104.00 but sellers still keep near-term control for now

USD/JPY trade a little lower at 104.40 levels currently For bank trade ideas, check out eFX Plus Since then, the pair is settling in a bit of a limbo between 104.50 to 104.75 as sellers are more cautious awaiting the return of Japanese traders tomorrow – not to mention the jolt yesterday could also be […]

Continue Reading

USDJPY traders set the 100 hour MA as barometer going forward

The MA line held support in trading today The price action is limited as the US and Canada are on holiday (and that tends to influence trading activity globally).  The USDJPY range today is only 25 pips. The average over the last 22 trading days (about a calendar month) is 67 pips.   So what can […]

Continue Reading