usdjpy

Hi everyone. This observation is made around 3:30 UTC. Asia Pacific stocks dips in Tuesday morning trade, as China’s yuan-denominated trade data for June released. The dollar in narrow ranges against most currencies as concerns about diplomatic tension between the U.S. and China and rising...

Hi everyone. This observation is made around 3:30 utc. Asia Pacific traded mixed on Wednesday morning as concerns around the coronavirus pandemic continue to linger, leading some investors to cash in on recent gains ahead of earnings season. Concern over the rise in new coronavirus cases helped...

When bond traders are questioning the strength of economy recovery, does this mean that USD/JPY tend to weaken? Stocks and bonds traders now lay out the different outlooks on the upcoming recovery, setting the tone for the Forex market that prices could continue to range in coming weeks. The...

Hi everyone. This observation is made around 3:00 utc. Stocks in Asia Pacific rose in Tuesday morning trade as China’s official manufacturing PMI for June came in above expectations, with China’s yuan held steady at 7.0683 per dollar following the announcement. Next, we'll look at USDJPY and...

Market sentiment turns fragile once again amid fears of a second virus wave, sell risk assets at this point? Now investors are dealing with another problem: the resurgence in coronavirus cases. The US accounts for more than 25% of the just over 10 million cases worldwide, according to data...

Hi everyone. This observation is made around 3:30 utc. Stocks in Asia Pacific turned positive in Tuesday morning trade during a turbulent session as White House advisor Peter Navarro clarified that the U.S.-China trade deal is not over. The firmer sentiment of Wall Street yesterday helped...

As long as central banks’ stimulus works, buying stocks when they drop is always a good strategy. From a high enough vantage point, this year’s move from boom to bust to boom looks much like a normal market response to an outside shock, only far faster. But upon closer examination, it becomes...

The progress of the economy reopening continues to weigh on risk assets, short USD/JPY this week? Risk assets could be caught in a tug-of-war in the week ahead, as investors weigh the potential positives of a reopening economy against the worry that coronavirus may continue to spread. Many...

With the market expecting Fed to act slightly neutral, dollar could rise higher this week. Besides strong performance in the US stock market, the Fed may find another four reasons that refrain them from leashing further easing measures for now, which could offer dollar some boost this week...

Market will start to evaluate the progress of the economy reopening, which may offer some bids to risk assets, long USD/JPY this week? The big rotation into cyclical stocks, like banks, small caps and airlines, took a break Friday, but it could be a theme that dominates trading again in the...

The past weeks showed that hopes on vaccine offer great opportunities to sell USD/JPY and buy gold. Risk assets traded higher early Tuesday morning to begin a holiday-shortened week, as optimism about a potential coronavirus vaccine built. However, our experience in the past weeks shows that...

Fed chair expects a bumpy recovery ahead, long gold and short USD/JPY? Federal Reserve Chairman Jerome Powell said the US economy will eventually recover from the coronavirus pandemic, but the process could stretch until the end of next year and it depends on the delivery of a vaccine...

As the Fed has made it clear that it was willing to step in to buoy the economy, why bet against the market when the central bank is willing to do that? It’s time to buy gold and stocks when massive liquidity is flooding into the market. The disconnection between economy and the stock markets...

This Friday’s payroll data could be the ugliest one in decades, short USD/JPY? April’s employment report, to be released this Friday, will almost certainly show that the coronavirus pandemic inflicted the largest one-month blow to the US labour market on record. We forecast the new report...

Market sees no short-term solution to combat the virus, short USD/JPY at peak US equity futures slid, and bonds rallied after the Federal Reserve slashed its benchmark interest rate to near zero, a sign that investors remain worried that the coronavirus will fuel a recession even with...

USDJPY might start an uptrend soon... 500+ pips up

EUR/USD Setting Up for a Rotational Day, 1.1570 & 1.1630 Extremes to Exploit VOLUMES & CORRELATIONS (H4) The first test of a macro resistance exhibited bearish dynamics to reverse a 3-day long bounce, and while the rejection was quite commanding for the interest of sellers, buyers were lined...

My name is Ivan Delgado, Head of Market Research at Global Prime and FX Trader. Out of my unconditional alignment to the values at Global Prime, I am on a mission to pass on my decade-long knowledge by providing regular market commentary and other types of material that is applicable, actionable...

USDJPY continued its upside movement from 111.65 and the rise extended to as high as 114.45. As long as the price is above the rising trend line on the 4-hour chart, the uptrend could be expected to resume, and further rise towards 115.50 is still possible. Near term resistance is at 114.45...

USDJPY extended its downside movement from 113.43 to as low as 111.68. Deeper decline to test 111.47 key support is still possible. As long as this level holds, the fall could be treated as consolidation of the uptrend from 107.31 and another rise towards 115.50 is still possible after the...