The Japanese Nikkei 225 benchmark trades higher today at 21,279 on improved sentiment as traders await a positive outcome from...
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.
Live USDJPY Chart
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As we approach mid-day in London, some clear trends are emerging, and they point towards risk-off and flight to safety....
Despite US data topping expectations, USDJPY is struggling to find bids in the market. The currency pair is down 0.33% from its opening price as it trades at 107.19. On the 4-hour time frame, a bearish technical setup has materialized which suggests that there is more downside ahead.
At 1.30pm GMT, the Non-Farm Payrolls report for February 2020 will be released. This analysis presents a preview of the...
USDJPY skyrocketed in yesterday’s trading on news about progress on the US-China phase one deal. The currency pair opened at...
US Fed Chair Jerome Powell is expected to resume his testimony today before the US Congress on the state of...
USDJPY has been trading in a tight range in the past couple of days as traders wait for the further...
The USDJPY pair continues to range trade and was unable to break the 108.04 intraday resistance level. This is as...
USDJPY has found its way to the bottom of the symmetrical triangle after the BOJ announced more easing measures to support the economy amid the pandemic. Will it break down lower?
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