USD/JPY Technical Analysis: USD/JPY decline targets 110.10 level

USD/JPY main trend is on hold since July, 19 as the market is in a triangle consolidation.  USD/JPY found resistance at the 50-day simple moving average. The market is now trading at its lowest in the last three days as bears are targeting 110.10 August 13 swing low and the trendline. ...

USD/JPY extends losses toward 110 on broad-based USD weakness

US Dollar Index plummets to a fresh 3-day low below 96.30. Risk aversion helps the safe JPY find demand on Friday. The USD/JPY extended its losses in the early NA session and touched a daily low at 110.32 as the greenback fails to shake off the bearish pressure. At the moment, the pair i ...

USD/JPY outlook still unclear, rangebound likely near term – UOB

FX Strategists at UOB Group noted the pair’s outlook stays unclear, although extra sideline appears probable in the near term. Key Quotes 24-hour view: “Instead of extending its decline (as expected yesterday), USD rebounded strongly from a low of 110.45. The underlying tone ha ...

USD/JPY falls to session low, around mid-110.00s

   •  A modest USD retracement triggers the initial leg of retracement.     •  A sudden fall in the Turkish Lira prompts some safe-haven buying.    •  Sliding US Treasury bond yields add to the downward momentum. The USD/JPY pai ...

USD/JPY: Guided by the risk sentiment – Westpac

Robert Rennie, Research Analyst at Westpac, notes that the sharp rise in risk aversion over the last week has seen the ¥ strengthen and they see risks that markets will remain risk averse into September as US tariff action develops, the Italian budget becomes more of a focus and the Fed raise ...

USD/JPY Technical Analysis: Cycling near 111.00 on indecisiveness

The Dollar-Yen pair has been trapped near the 111.00 major handle recently, unable to develop momentum in either direction for the past two weeks. Bears' failure to break the 110.00 technical barrier could see bulls make a continuation higher.  The Greenback could be heading fo ...

USD/JPY: better bid over risk-on Wall Street, upside favoured above 111.50

USD/JPY: bulls and bears tug over the 111 line but bulls have the edge on a fundamental and technical basis. Should the trade spat between China and the US actually start to diminish, that may put the breaks on the dollar in the near term. USD/JPY has been less perky in the Tokyo open tha ...

USD/JPY rejected from above 111.00, trims gains

US dollar fails to extend gains versus the yen as recovery remains limited. Yen continues to be supported by concerns around emerging-markets. The USD/JPY pair peaked at 111.11 and a few minutes later pulled back below 111.00. Near the end of the US session was hovering around 110.90, modestl ...

USD/JPY edges higher toward 111 as Wall Street rebounds

Easing concerns over trade conflict improve market sentiment. Wall Street records large gains in the early NA session. US Dollar Index fails to stay in the positive territory. The broad-based greenback weakness witnessed in the early NA session dragged the USD/JPY pair to 110.55. However, th ...