USD/JPY steadies near 110 amid a lack of fresh fundamental drivers

Wall Street trades mixed in the first half of the session. The US Dollar Index stays quiet near 94.70. BoJ's Kuroda voices his concerns over the trade conflict. The USD/JPY pair is having a difficult time finding direction on Wednesday as the lack of significant data releases reduces th ...

USD/JPY likely to remain within 110.00-115.00 – Danske Bank

Senior Analyst at Danske Bank Morten Helt believes the pair is poised to rangebound between 110.00 and 115.00 in the  medium term. Key Quotes “USD/JPY remains highly correlated with the 10Y US treasury yield and the combination of a neutral speculative JPY positioning and higher US 10 ...

US Dollar retreats from tops, tests 95.00

The index fades initial optimism and is now testing 95.00. US 10-year yields sidelined around the 2.90% area. US Current Account deficit widened to $124.1 billion in Q1. The US Dollar Index, which tracks the greenback vs. its main competitors, faded the initial advance and is now trading i ...

EU to impose duties on €2.8 billion worth of US imports as of Friday

The European Commission gave its final approval for retaliatory duties against the recent steel and aluminium tariffs imposed by the US, imposing €2.8 billion worth of duties on US imports as of this Friday, 22 June. The market reaction to the announcement, however, turned out to be rathe ...

USD/JPY moved into a consolidation phase – UOB

The pair remains neutral and has moved into a broad consolidative range, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “USD reversed an initial sharp decline and rebounded sharply after touching a low of 109.53. While the recovery from the low lacks momentum, there is scop ...

USD/JPY bulls looking to build on recovery beyond 200-DMA

   •  Risk recovery/dovish BoJ minutes weigh on JPY and helps build on overnight rebound.    •  A follow-through pickup in the USD demand supportive of the mildly positive tone. The USD/JPY pair held on to its modest daily gains, albeit now seemed strugglin ...

Forex Today: Aussie rebounds amid risk-recovery, ECB Sintra Forum – Key

Improved risk appetite offered a sigh of relief across the fx board in Asia this Wednesday, as markets shrugged-off the renewed tensions over the US-Sino trade spat. However, most majors held onto tight trading ranges, as markets took a breather ahead of the key panel discussion at the Europea ...

USD/JPY bid, but below 200-day MA, Chinese stocks report losses

USD/JPY picked up a bid on signs of stability in the Asian equity markets. However, the pair remains below 200-day MA of 110.22, possibly due to a drop in Chinese stock markets. The stock markets in Asia regained poise, pushing the USD/JPY above 110.00, but a break above the 200-day movin ...

USD/JPY back in play near 110.00 after recovering from Tuesday’s dip

The USD/JPY has bounced from Tuesday's lows, but downward pressure remains overall. The BoJ missed another opportunity to inspire confidence, instead wiping out timeline projections for inflation to hit targets. The USD/JPY is trading close to the 110.00 handle in early Wednesday actio ...

USD/JPY rises back above 110.00 as market sentiment improves

USD/JPY recovers further as US equities stabilize and despite a retreat in US yields. Deposit trimming losses against JPY, US Dollar retreated against most of its rivals during the US session. The USD/JPY pair bottomed earlier at 109.53, the lowest level since June 8. Afterward managed to mov ...

USDJPY: 109.30 is an important level – TDS

Analysts at TDS continue to see EURUSD to trade defensively in part off the back of a positioning adjustment that creates demand for dollars, but USDJPY may be the exception however, where the recent escalation of trade tensions and wobbly risk sentiment should sustain interest to sell cross/JPY ...

USD/JPY underpinned by 109.12/27 – Commerzbank

In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair’s positive momentum stays underpinned by the 109.12/27 area. Key Quotes “USD/JPY has reversed from just below the resistance line at 110.89. We maintain a positive bias, the currency pair remain ...

USD/JPY off lows, still deep in the red below 110.00 mark

   •  Global risk-aversion trade prompts some aggressive selling on Tuesday.    •  A sharp fall in the US bond yields adds to the downward pressure.    •  Resurgent USD demand helps ease the bearish pressure and bounce off lows. Th ...

US Dollar tests session peaks around 95.00

The index advanced to the 95.00 handle, or daily highs. US 10-year yields plummet to 2.85% on risk aversion. US Housing Starts, Building Permits coming in next. The greenback, in terms of the US Dollar Index (DXY) has  reverted the initial negative mood and is now hovering over the 95.0 ...