USDJPY Gains Modestly as US Preliminary GDP Beats Expectations The USDJPY is gaining modestly after the US Preliminary GDP results...
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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The rally across US equities markets spilled over into Asian markets today. The Nikkei 225 finished with a 0.28% gain...
The USDJPY is mildly off its intraday highs after the Conference Board announced that US Consumer Confidence index had fallen...
Asian equities markets were mixed early in Tuesday’s session with the Nikkei 225 up 80 points or 0.35% at 23,373.3...
Tomorrow at 7pm GMT, the FOMC minutes will be released. After the last meeting, the US Fed Chair had in...
It’s a quiet start to today’s trading without any major releases from Asian markets. The Hang Seng Index continued to...
USDJPY trades 0.27% higher at 109.03 in a fresh attempt to regain the 109 mark as the pair continues the consolidation close to five-month highs as investors run away from safe-haven assets on positive signs in China-US trade talks.
Some US-China trade news has hit the newswires today, and they are mostly positive. A conference call is expected to...
Remember the inverse head and shoulders that we pointed out on the daily time frame of USDJPY? It still looks...
US Fed Chair Jerome Powell is expected to resume his testimony today before the US Congress on the state of...