USD/JPY: lower on higher fixed income and risk-off markets – Scotiabank

Analysts at Scotiabank JPY is up vs. a struggling USD and outperforming all of the G10 currencies along with gold.  Key Quotes: "Sentiment remains dominant in the context of intensifying risk aversion and weakness across most global equity indices." "The decline in U.S. yield ...

USD/JPY recovers modestly following drop below 112 mark

The weak risk-appetite continues to weigh on USD/JPY on Tuesday. US Dollar Index stays quiet around 96. Wall Street recovers modestly from lows. The USD/JPY came under a renewed selling pressure in the early trading hours of the NA session and fell to a fresh five-day low of 111.94 befor ...

JPY: The last resort? – Rabobank

According to Jane Foley, Senior FX Strategist at Rabobank, the performance of the USD during the summer opened a debate as to whether the greenback has taken the place of the JPY and the CHF as the most favoured safe haven currency.  Key Quotes “We have maintained that when sentimen ...

US Dollar Index fades the spike to tops above 96.00

The index returns to sub-96.00 levels after testing 96.15/20 band. Yields of the US 10-year note tumble to lows near 3.15%. Speeches by R.Bostic and N.Kashkari next on tap in the docket. The US Dollar Index (DXY), which gauges the greenback vs. its main rivals, has faded another test of th ...

JPY futures: upside losing traction

Open interest in JPY futures markets rose by almost 2K contracts on Monday from Friday’s final 206,788 contracts, according to advanced figures from CME Group. Volume, instead, dropped for yet another session, this time by more than 38.3K contracts. USD/JPY looks to further rangebound nea ...

USD/JPY points to extra consolidation – UOB

FX Strategists at UOB Group noted the pair has moved into a consolidation phase in the near term. Key Quotes 24-hour view: “The relatively strong gains in USD yesterday came as a surprise. While upward momentum is not exactly strong, the current advance in USD is not showing sign of slowin ...

USD/JPY extends the corrective slide below 112.50 amid risk-aversion

Bears in control as risk-off remains at full steam amid global political worries. Safe-haven Yen underpinned, buy the dips in USD/JPY? The Yen buyers are back in the market, as the risk-off theme extends into the European trading, with the USD/JPY pair now looking to test the 112 handl ...

Forex Today: Asia risk-off back in vogue, Carney´s speech in focus

Forex today witnessed a theme of risk-aversion across Asia this Tuesday, as the sentiment soured on the back of the losses in the Asian equities and the US stocks futures, as the European political worries combined with the US-Saudi geopolitical tensions dent the appetite for the risk assets. As ...

USD/JPY: bears reject bulls attempts at critical resistance

USD/JPY bears are rejecting the bullish attempts of the 112.80 level -  38.2% of Octobers drop and have scored a low back down at 112.66 from a high of 112.84. Currently, USD/JPY is trading at 112.71. USD/JPY has been building a more bullish case in recent sessions, despite ethe ...

USD/JPY: heading higher as marlet tone improves – Scotiabank

JPY is weak from Friday’s close and extending the retracement of its haven-driven rally from early October.  Key Quotes: "The market tone appears to be improving and short-term yield spreads have climbed to fresh highs." "The 2Y U.S.-Japan spread has extended beyon ...