USDJPY jumps to ten week highs after a big positive surprise from the NFP job data released earlier today. The pair upward trend accelerated after earlier on the week breached above the 100-day moving average
USDJPY
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.
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USDJPY News
USDJPY Surges to Its 8-Week Highs. What’s Next? Here are the Levels You Need to Watch Out For
USDJPY Tests Weekly Highs Amid Hong Kong-China Tensions, US GDP Report Ahead
US Consumer Confidence Data, BoJ Weigh on USDJPY
A piece of double news is impacting the USDJPY, sending the pair mildly lower on the day. From Japan comes news that the Japanese PM Shinzo Abe has lifted the state of emergency imposed after the coronavirus pandemic hit that country. Furthermore, the Bank of Japan Governor Haruhiko Kuroda hinted [...]
USDJPY Tests Neckline of Inverse H&S as Coronavirus Vaccine Begin Human Trials Today
USDJPY Unchanged as BOJ Keeps Rates Steady in Despite Inflation Turning Negative
The BOJ took a few market participants by surprise when it kept rates steady in an emergency meeting today, even after inflation printed negative--the first time since 2016!
USDJPY Braces for Another Shot at Neckline Resistance as JPY Weakens on Japanese Data
USDJPY is trading higher in today's Asian session after trade and manufacturing data from Japan showed worsening economic conditions. Will the currency pair rally past the neckline of its inverse head and shoulders?
USDJPY Forms Inverse Head and Shoulders; Can It Rally With the FOMC Meeting Minutes on Tap?
USDJPY: Japanese yen eerily calm as US and China tensions rise
The USDJPY pair was little changed today as the market reacted to the escalating trade tensions between the United States and China. The market was reacting to an interview that the US president did with Fox news and the reaction from China.
USDJPY targets 106.00 as Kuroda shifts tone on interest rates
The USDJPY pair declined slightly as most analysts started to read the tea leaves from the Bank of Japan (BOJ) governor, Hurohiko Kuroda. The pair also declined as global risks appeared to be rising.
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