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.
USDJPY trades 0.09% higher at 109.96 close to seven month highs. The pair recovers some of yesterday’s losses which attributed to strong bids from traders looking for safe haven assets after the outbreak of the coronaryvirus outbreak in China and other countries. On the economic data front the United States [...]
Asian equities markets traded higher today despite news of the coronavirus spreading. The Hang Seng Index recouped its losses from yesterday. It is trading 355.7 points or 1.27% higher at 28,341.0. The Nikkei 225 is also in the green by 166.8 points or 0.70% at 24,031.4. Meanwhile, the Shanghai Composite [...]
BOJ Rate Statement As Expected Earlier today, as expected, the Bank of Japan (BOJ) kept its interest rates unchanged at -0.10%. Its 0.0% target for 10-year government bonds and bond purchases also remained steady. According to BOJ Governor Haruhiko Kuroda, rates will stay where they are or maybe even go [...]
BOJ Rate Decision The Bank of Japan(BOJ) is scheduled to take center stage on Tuesday. In its monetary policy meeting, there are no changes expected to its current interest rate level at -0.10%. There is some sense of optimism that BOJ Governor Haruhiko Kuroda will announce an upgrade on growth [...]
The USDJPY is relatively unchanged as at the time of writing, despite disappointing US unemployment data. The Non-Farm Payrolls (NFP) report for December 2019 shows that the US economy added just 145,000 new jobs, which was lower than the 162,000 jobs that economists had predicted. This figure was also significantly [...]
The Non-Farm Payrolls (NFP) report for December 2019 is due for release at 2.30pm this afternoon. This release is coming a week later than usual as a result of the New Year holidays. On the cards, we have analysts predicting a drop in the employment change from the last reading [...]
Nikkei 225, Hang Seng Index, Shanghai Composite Benefit from Risk Appetite Asian equities markets finished on a strong note this week as market sentiment improved. The Nikkei 225 closed in the green by 110.7 points or 0.47% higher at 23,850.6. Meanwhile, the Hang Seng Index, is currently up by over [...]
Asian stocks were in the red in today’s morning trade. The Nikkei 225 closed 451.8 points or 1.91% lower at 23,204.9. Meanwhile, the Hang Seng Index is in the red by 289.6 points or 1.02% at 28,161.9. Shanghai Composite Index was also down by 0.378 point or 0.01% at 3,083.408. [...]
Sell-off Across Equities and Currency Markets Today Equities markets and risk currencies drastically traded lower in today’s Asian session. The Nikkei 225 incurred a 181.1 point or 0.76% loss while the Hang Seng Index is down around 80 points or 0.27% at 28,466.5. Meanwhile, AUDUSD has been dropping as soon [...]
In the last few hours, the USDJPY pair traded below its December 3 low of 108.35, as the Japanese Yen gained against most of its peers. It looked like the price was about to end the uptrend of the last few months but as the European trading session is coming [...]
Q1 Global Market Outlook
Published: January 2020 | Authors: Alejandro Zambrano, Martin Lam, and Ramy Abouzaid.
The year is almost over, and it is time to try to figure out what 2020 has to offer. Read our special report today to learn which markets could be offering the best opportunities according to the InvestingCube team.
