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
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.
Live USDJPY Chart
USDJPY tapped its 8-week highs as the USD's strength spilled over from yesterday's trading. However, technicals suggest it is now struggling to find bids.
Despite rising tensions between Hong Kong and China, USDJPY continues to trade higher. Can it extend its gains with today's US GDP report?
USDJPY is trading higher this morning as human trials of a potential coronavirus vaccine begin today. Can the currency pair break neckline resistance?
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 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 is trading higher despite positive data from Japan. The question is, can the currency pair sustain its gains with the FOMC Meeting Minutes on tap?
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.
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.