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USDJPY


XM Research

Technical Analysis – USDJPY defies intervention, heads towards 145.00 again

USDJPY has been in a recovery mode since Thursday, just hours after it tumbled more than 500 pips due to the BoJ’s intervention.

Daily Market Comment – Pound crashes, stocks pummelled after UK budget

Pound leads declines in FX markets, approaches parity, as UK budget sparks panic UK yields soar, Italian yields jump too as far-right win adds to uncertainty Dollar scales fresh highs, stocks sink but some signs of recovery today UK budget gets big thumbs down from investors Markets reacted in the worst possible way to the UK’s economic plan unveiled on Friday, sending the pound to rock-bottom levels against the US dollar, while dumping UK gilts.

Week Ahead – Euro eyes Italian elections and flash CPI, dollar may take a backseat

With the Fed meeting out of the way, a quieter week is on the horizon, barring of course any flare up of tensions between Russia and Ukraine.

Daily Market Comment – Yen skyrockets after intervention; SNB and BoE hike by less than expected

Japan intervention boosts yen, but will the effect last? Franc tumbles as SNB hikes by 75 and not 100bps BoE sees economy falling into recession this quarter Equities extend tumble, yields climb higher Japan comes to the yen’s rescue; will it succeed? The US dollar finished Thursday’s session slightly higher or near its opening levels against most of the other major currencies, with the exceptions being the Japanese yen and the Swiss franc.

Daily Market Comment – Fed hike, Powell’s recession warning roil markets; dollar shoots up

Dot plot signals Fed not done with 75 bps hikes, Powell warns of pain ahead S&P 500 goes back into bear market, dollar destroys everything in its path Yen slips past 145 after BoJ doesn’t flinch, but jumps after intervention SNB hikes by 75 bps, BoE expected to follow suit, gold see-saws Fed declares war on inflation, spooks markets The Federal Reserve delivered its third consecutive 75-basis-point rate increase on Wednesday and flagged more sharp hikes in the remainder of the year.

Daily Market Comment – Dollar at fresh highs ahead of Fed as Russia jitters sink euro

Russia-Ukraine tensions flare up, knocking the euro and boosting safe havens Stocks subdued but losses contained as investors await Fed decision Yields fall back slightly and gold climbs on Russia worries Tense mood amid Fed and geopolitical risks    The US dollar extended its gains on Wednesday, while stocks stayed largely in the red as investors weighed the risks from the Fed’s upcoming policy decision as well as the possible impact from Russia’s latest warmongering, which is adding to the uncertainty.

Technical Analysis – USDJPY struggles to surpass 145.00; consolidates in short-term

USDJPY is moving sideways below the 24-year high of 144.98 but remains well above the bullish crossover within the 20- and 50-day simple moving averages (SMAs) and the long-term uptrend line.

Bank of Japan unlikely to throw life jacket to sinking yen – Forex News Preview

Faced with stubbornly low inflation, the Bank of Japan is now among the few central banks not tightening policy.

Daily Market Comment – Dollar takes a breather; loonie traders lock gaze on CPIs

Dollar’s rally pauses ahead of FOMC decision Equities rebound somewhat on short covering Canada’s inflation expected to slow more Gold rebounds, but gains stay limited Dollar pulls back, equities rebound ahead of FOMC The US dollar traded slightly lower against most of its major peers on Monday, stabilizing somehow during the Asian session today.

USDJPY pivoted gently to the upside early on Monday after sliding marginally below the 143.00 round level.

Daily Market Comment – Dollar reigns as big week for central banks kicks off

Dollar starts Fed week on the front foot amid elevated rate hike expectations Bank of England and Swiss National Bank also poised to deliver large hikes Yen stays subdued as Bank of Japan not expected to join in Overtightening fears weigh on stocks, oil and gold slip too Markets brace for more tightening, led by Fed Trading got off to a cautious start on Monday, with equities still reeling from last week’s brutal selloff, while the US dollar kept advancing on the anticipation that the Federal Reserve will stick to its hawkish rate path when it sets policy on Wednesday.

Week Ahead – Trouble spews for yen as Fed, BoE and SNB to hike, put spotlight on BoJ

A crucial week is coming up for the markets as no less than four central banks are scheduled to announce their latest monetary policy decisions.

Daily Market Comment – Yen defies intervention warnings, gold loses its shine

Threats of FX intervention don’t do much to boost the yen Currency pairs trapped in narrow ranges, stocks lick wounds Gold under heavy pressure, US retail sales coming up next Yen dismisses intervention The battle for the yen continues to rage in the FX arena, with Japanese officials using every trick at their disposal to stabilize the devastated currency.

Daily Market Comment – US inflation surprise pummels stocks, boosts dollar

US inflation comes in hot, fueling bets of a more forceful Fed  Stock markets tank, dollar fires up as terminal rates increase  Yen finds some support after Japan threatens FX intervention Inflation shock Hopes that the Federal Reserve is about to ease off the brakes got crushed yesterday under the boot of another shockingly hot US inflation report, sending shockwaves across global markets.

Technical Analysis – USDJPY touches 24-year high as bullish forces persist

USDJPY has been in a prolonged uptrend since early March, crossing forcefully above both its 50- and 200-day simple moving averages (SMAs) and generating consecutive fresh highs.

Daily Market Comment – Hopes of softer inflation report lift Wall Street, hurt dollar

Investors bet that August CPI data will confirm inflation has peaked in the US Wall Street rallies for a fourth day, dollar selloff accelerates Euro and pound maintain positive momentum despite doubts over energy plans Market optimism ahead of US CPI Risky assets were either extending or holding onto their gains on Tuesday as investors awaited the latest inflation report out of the United States due at 12:30 GMT.

Technical Analysis – USDJPY corrects lower but stays in broader uptrend

USDJPY traded higher today, after hitting support at 141.45. However, the recovery remained limited slightly above the 143.

US inflation could slow again in August but not enough to appease the Fed – Forex News Preview

The latest CPI inflation data will be scrutinized on Tuesday (12:30 GMT) as it will be the last before the Fed’s September policy meeting.

Daily Market Comment – Yen selling resumes, euro engines fire up

Yen back under selling pressure as FX intervention hopes fade   Euro advances, buoyed by energy price cap and ECB signals Dollar down but not out, stock markets defend recent gains  Yen resumes slide It has been an excruciating year for the Japanese yen, which has lost almost 25% of its value against the US dollar, crushed by one of the greatest episodes of monetary policy divergence in modern history.

Week Ahead – US inflation on the menu, BoE postpones meeting

Another pivotal week lies ahead for currency traders, with the latest US inflation report set to decide whether the dollar’s relentless rally will finally cool off.



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