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
Asian equities markets are all trading lower today on renewed concerns about the coronavirus outbreak. The Hang Seng Index is down 1.79% or 487.9 points at 26,820.9. Meanwhile, South Korea’s KOSPI is in the red by 3.87%. As for the Shanghai Composite Index, it incurred a 0.28% loss for the [...]
USDJPY breaks up to ten-month highs as the rally that started yesterday accelerated today with a break above the 112.00 making fresh 10-month highs at 112.18. Fears that Japan will be hard hit by the coronavirus as the confirmed cases increasing in the country. In my opinion the big hit [...]
The USDJPY marginally extended its bearish run for the day after disappointing US CPI data. According to the Bureau of Labour Statistics, monthly CPI for January 2020 was 0.1%, which was less than both the market expectation and previous figure of 0.2%. Core CPI came in at 0.2%; same as [...]
Just like their US counterparts, Asian stock markets scored gains in today’s trading as coronavirus fears abated on optimistic remarks by central bankers. The Nikkei 225 finished 175.3 points or 0.74% in the green at 23,861.2. Meanwhile, the Hang Seng Index extended its gains today, trading around 300.0 points or [...]
Asian equities markets were mixed in today’s trading. The Nikkei 225 closed lower in today’s trading by 142.0 points or 0.60% at 23,686.0. Meanwhile, the Hang Seng Index is trading in the red by around 180.0 points or 0.65% at 27,230.2. According to some analysts, losses today can be attributed [...]
The USDJPY is barely down after this month’s NFP report presented data conflict, which means that no trade opportunity is present on the pair. While employment change came in at 225K, better than the 165K that the markets had expected, the unemployment rate came in at 3.6%, which was higher [...]
This month’s Non-Farm Payrolls report (NFP) is due for release tomorrow and will cover the employment change and unemployment rate in the US public sectors (excluding agriculture). The expectation is for the unemployment rate to remain steady at 3.5%, while the employment change is expected to come in at 161K, [...]
The USDJPY extended its gains for the day on this month's upbeat ADP Employment Change report which showed that the private sector in the US hired 291K people in January as opposed to the 157K that the markets had expected. It was also higher than the previous figure of 199K, [...]
PBOC Easing Alleviates Coronavirus Concerns Asian equities markets are trading higher today as market sentiment improved. The Nikkei 225 closed higher for a third consecutive day. It was up 235 points or 1.02% at 23,319.6. Meanwhile, the Hang Seng Index is up close to 100 points or 0.38% at 26,772.2. [...]
The USDJPY is benefitting from market performances in Asia and Europe, as well as news of possible further stimulus from the People's Bank of China (PBoC). Markets in Asia and Europe were able to claw back on losses of yesterday to end in positive territory, which set the pace for [...]
