In this section, you will find important USDJPY news, actionable trading ideas, and a live USDJPY chart to help you understand the markets better.
USDJPY is the ticker symbol in Global FX markets that represents how many Japanese Yen you can buy with one US dollar. USDJPY is one of the world’s major currency pairs according to the Bank for International Settlements and represents 17% percent of total daily volume on forex trading markets. The factors that affect the value of the pair are the economic policy by the Japanese and U.S. governments and central banks, but also economic conditions and other economic indicators like unemployment, imports, exports, etc. However, a key driver is risk sentiment and there is a good negative correlation between stock markets and the Japanese Yen in the short term. The JPY is sensitive to risk sentiment as it is a so-called funding currency. The pair is very popular among traders because of the high liquidity and tight spreads.
The USD/JPY dipped for the second day in a row after the Federal Reserve moved to calm down investors’ nerves over the spiraling consumer inflation in the United States. The greenback lost 0.3% against a basket of currencies on Friday, sending the USD/JPY lower by 0.13%. Wednesday’s surprise surge in […]
After a major drop in the last two weeks, the USD/JPY has resumed the upside push following a rise in US bond yields and upbeat Consumer Confidence data. Setting the tone for the pair were events from Japan in the Asian session, where the Bank of Japan (BoJ) kept all […]
USD/JPY remains on a downward trend ahead of the BoJ interest rate decision scheduled for Tuesday. In March, the Bank of Japan decided to allow the 10-year bond yields to fluctuate by 0.25% from zero on either side. This is up from the previous 0.2%. Besides, it intends to continue […]
The USD/JPY price continued on its relentless march lower as an up-tick in Global Covid-19 cases attracted buying to the relative safety of the Japanese currency. The month of March saw the US Dollar gain considerable ground against its Japanese counterpart, sending the USD/JPY rate to its highest level in […]
The USD/JPY pair broke lower after the price reversed from a head and shoulders formation. The neckline gave way after the cryptocurrency market had a rough weekend, with the price of Bitcoin losing more than 15% in a flash crash that scared investors. The Japanese yen is seen as a […]
USD/JPY has continued to rally as the US treasury yields offer support to the greenback. On Thursday, the benchmark 10-year bond yields are at 1.726. This is close to the over one-year high of 1.77 hit on Tuesday. Subsequently, the DXY, which measures the value of the US dollar against […]
USD/JPY appears to be tired here. It lacks conviction for a decisive move above 109. The Bank of Japan (BOJ) today was the third major central bank to announce its monetary decision this week, after the Fed and the Bank of England. The BOJ reiterated its efforts to keep the […]
USD/JPY is in a consolidation pattern as BOJ is scheduled to present its policy review on Friday. The event is bound to impact the yen and the overall Japanese market. The central bank is set to adjust its monetary policy. This is in an effort to maintain interest rates at […]
Details of the latest CFTC Positioning Report have been publicized. The report indicates that traders have reduced their net shorts on the US Dollar, matching levels last seen in December 2020. This is a reflection of the strength the USD has garnered in the wake of rising long-term bond yields, […]
MUFG is proposing that 109.00 to 110.00 could be the market top for the present rally in the USDJPY. If this is the case, why has the pair stalled at a critical resistance that remains well below these levels? A look at the daily chart shows that the present uptrend […]