USD/JPY testing higher in Tokyo, 109 here we come?

USD/JPY: burns through the 108 handle and keeps wanting to go higher.  USD/JPY: technical aligned bullish still, where next?  USD/JPY has been poking at the 108.80 resistance in the Tokyo's opening hour as the Nikkei slips a few notches from 22265 to 22170. Currently ...

USD/JPY: bulls looking for a break to 109.32?

USD/JPY: bulls trigger the buy stops and the pair takes off. USD/JPY: where next, 110 on the cards after 109.32 cleared? USD/JPY overcame 108.00 option barriers and triggered buy stops above on Monday in European trade. Currently, USD/JPY is trading at 108.66, up 0.93% on the day, having poste ...

USD/JPY en route to 108.50 amid US yields bull run

US bond yields are stealing the show in Monday’s trading.  The USD/JPY is now trading close to 10-weeks’ high.   The USD/JPY is trading at around 108.45 up .0.77% on Monday as the rising US bond yields is the main theme of the day.   USD/JPY is trading almost a ...

JPY: Guided by BoJ? – Rabobank

Jane Foley, Senior FX Strategist at Rabobank, suggests that on Friday the BoJ will hold the first policy meeting of Kuroda’s new tenure and steady policy is widely expected.  Key Quotes “Despite robust Japanese economic growth, the BoJ is likely to continue pushing back agains ...

USD/JPY could advance to 108.60 – UOB

The pair’s upside momentum could extend towards the 108.60 region in the near term, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “We expected a higher USD last Friday but were of the view that “a clear break of 107.75 seems unlikely”. However, USD managed t ...

USD/JPY takes-out 108 handle as 10-yr Treasury yields near 3%

Tracks the relentless rise in Treasury yields, 10-year yields at striking distance of 3%. DXY hits fresh 5-week highs on monetary policy divergence, eyes US data. The USD/JPY pair accelerated its bullish momentum and finally surpassed the 108 crucial resistance in the European session, no ...

USD/JPY targets 108.00 amidst higher US yields

The pair is testing the upper end of the range near the 108.00 handle. The upside in spot has been on the back of higher US yields. US Existing Home Sales, Manufacturing PMI coming up next. The greenback continues to appreciate vs. its Japanese counterpart on Monday and is now pushing USD/JP ...

US Dollar extends the upside to 90.40, focus on US data

The index remains firm above the key 90.00 handle on Monday. US 10-year yields in multi-year tops, now target the 3.0% level. US Existing Home Sales, Markit’s flash PMI due next on tap. The US Dollar Index (DXY), which gauges the buck vs. a basket of its main competitors is looking t ...

USD/JPY grinding for 108.00 to kick off the new week

The USD/JPY is looking for more upward momentum in early week action. Japan is on the data-light side this week, but the US session sees preliminary PMIs. The US Dollar is trading on the high side against the Yen to kick off the new week, and the USD/JPY pair is sticking close to Friday' ...

USD/JPY: Head and shoulders bottom pattern? – BBH

Analysts at BBH explain that the dollar finished last week at its best level against JPY since February 21 (~JPY107.65) and that they continue to monitor a head and shoulders bottom pattern.  Key Quotes “The break of the trendline did not spur the kind of impulsive mov ...

USD/JPY making headways to 109 handle – Nomura

Analysts at Nomura see the USD/JPY pair heading for a test of the 109 handle in the coming days, as the Japanese life insurers find the yields on the US corporate and mortgage debt more attractive. Key Quotes: “Estimates a large part of life insurers' purchases of foreign bonds in Marc ...

USD/JPY: testing the neckline for space on 108 handle

USD/JPY: bulls finding tough resistance at neckline. USD/JPY: technicals remain bullish/neutral; Preferred strategy?  USD/JPY started out on the offer following Wall Street's decline and a Nikkei that turned sour after the open today. USD/JPY is currently trading at 107.81 with a hig ...

USD/JPY fails to break above 107.90 amid drop in US stocks

US stocks are down on Friday, the safe-haven yen is stronger across the board.  US dollar also up thanks to US bond yields which are at multi-week high.  The USD/JPY is trading at around 107.55 up 0.18% as bulls made an attempt to break above April 13 high in the late Europea ...

US Dollar pushes higher above 90.00

The index is trading in weekly peaks further north of the 90.00 mark. US 10-year yields flirting with tops above the 2.93% level. Risk-on sentiment continues to bolster the up move in USD. The greenback, in terms of the US Dollar Index (DXY), accelerates the upside today and is already tradin ...

USD/JPY creeps higher, upside faltered near 107.70

The pair remains on a firm footing in the 107.80/70 area. Higher US 10-year yields sustaining the up move in spot. Japanese inflation figures matched forecasts in March. USD/JPY keeps the weekly march north unabated so far on Friday, now sidelined in the upper end of the range in the 107.70/8 ...