Financial news and actionable analysis
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.
One of the currency pairs that consolidated the most since the coronavirus pandemic started is the USDJPY. It moves without a clear direction, despite having plenty of reasons to do so. On the one hand, the JPY was bought by investors in search of safety. Known for its safe-haven attributes, […]
The USD to JPY (USDJPY) is little changed today as traders reflect on US stimulus and weak economic data from Japan. The pair is trading at 105.9, which is slightly above yesterday’s low of 105.80. The biggest driver for the USD to JPY price is the stimulus stalemate in the […]
The USDJPY pair is up slightly as the Friday’s risk aversion trade eases following news that Trump was making some progress. The pair is trading at 105.58, which is slightly higher than the Friday’s low of 105.30. The Japanese yen is one of the few currencies cited as safe-havens because […]
Global stocks declined after Donald Trump confirmed that he had tested positive for Covid-19. In the United States, futures tied to the Dow Jones, S&P 500, and Nasdaq 100 are down by more than 1.60%. The Dow is down by more than 458 points. In Europe, DAX index, FTSE 100, […]
The USDJPY pair is down slightly as traders react to the relatively strong manufacturing data from Japan. The pair is trading at 105.47, which is lower than this week’s high of 105.80. USDJPY fundamental analysis Earlier today, data from the Bank of Japan and Markit showed that the manufacturing sector […]
The USDJPY was higher after ADP employment figures beat analyst expectations. The ADP number saw a gain of 749k jobs, compared to the 650k expected and this was a boost to the greenback ahead of Friday’s Non-Farm Payrolls number. The U.S. dollar also saw a slightly higher revision to second […]
USDJPY trades with a bid tone – is a double bottom in place?
The Federal Reserve Banks of Atlanta and New York have released their US Q3 2020 GDP outlooks, and there is a significant difference in expectations. The Federal Reserve Bank of Atlanta expects the real gross domestic product (GDP) in the United States to rise by 32% in Q3 2020, according […]
The USDJPY pair forms a contracting triangle as a reversal pattern that typically appears at the end of long trends. In this case, the bearish trend seen for the last four years seems to be challenged. Moreover, a double bottom formation ahead of the U.S. elections further fuels bullish scenarios. […]
The USDJPY is up for the third straight day as investors react to the relatively strong dollar. The pair is trading at 105.10, which is the highest it has been since September 16. Still, analysts at Societe Generale believe that the pair’s upward trend is likely to lose steam and […]
