USD/JPY looking for a break of key resistance?

USD/JPY reverses the offer on a correction on US yields spiking. USD/JPY struggles at key resistance area.  There has been a complete turnaround in the dollar with a spike in yields with the 10-yrs tracking down the 3% target. USD/JPY is back on the bid towards the 108 handle as a resul ...

USD/JPY, yields and DXY drop post mixed FOMC minutes, why?

USD/JPY: correlation to stocks breaks down post FOMC minutes. Inflationary pressures are a concern, Gold spikes while DXY and yields drop post FOMC minutes. USD/JPY has dropped on the back of the hawkish FOMC minutes, although markets are concerned that some of the officials see a ...

USD/JPY seen sidelined in the medium term – Danske Bank

Senior Analyst at Danske Bank Morten Helt believes the pair could trade within the 108-115 range in the medium to longer run. Key Quotes “The sell-off in the US and European fixed income markets is currently weighing on USD/JPY, and we expect the combination of portfolio flows, choppy marke ...

USD/JPY shifted to neutral from bearish – UOB

FX Strategists at UOB Group have shifted their outlook to neutral from bearish, expecting some consolidation in the near term. Key Quotes 24-hour view: “While we expected a higher USD yesterday, we were of the view that a sustained move above 107.00 is unlikely. USD not only moved abov ...

USD/JPY finds support around 107.40, FOMC eyed

The pair’s upside faltered around 107.90 earlier in the day. US 10-year yields sidelined below 2.90% ahead of 5-year auction. FOMC minutes grab all the attention later in the NA session. The US Dollar Index, which tracks the buck vs. its main rivals, is extending the positive momentu ...

USD/JPY rally gathers traction on higher yields

USD/JPY could be tracking treasury yields higher.  Focus on Fed speak and Fed minutes.  The USD/JPY pair is extending the three-day winning streak, tracking the rise in short duration borrowing costs in the US.  As of writing, the pair is trading at 107.65 - above the downwar ...

USD/JPY: piercing the descending 200-hour SMA, where next?

USD/JPY: to test higher Tenkan level? USD/JPY:  through the first hurdle as being the descending 200-hour SMA. USD/JPY has pierced the descending 200-hour SMA in the steep recovery channel formed from the recent lows at 105.54. Currently, USD/JPY is trading at 107.45, up 0.18% on th ...

USD/JPY closes higher for third day in a row on rising bond yields

Yen declining against strengthening US Dollar. USD getting boosted by rising bond yields. USD/JPY closed higher for a third consecutive day to end Tuesday's trading, entering the overnight session trading just beneath Tuesday's high of 107.37. With China's institutions stil ...

USD/JPY: testing key resistance at 504hr-SMA ahead of heavier supply zone

USD/JPY: awaiting Fed minutes with 2yr Treasury auction at top of the hour. USD/JPY: bulls to face headwinds a little further up on the 107 handle? USD/JPY is consolidating around the 107.20 level and is currently, trading at 107.19, up 0.56% on the day, having posted a daily high a ...

USD/JPY clings to strong gains, comfortable above 107.00 handle

   •  Rising US bond yields underpin USD demand.    •  JPY fails to benefit from the prevalent cautious mood. The USD/JPY pair held on to its strong gains and now seems to have entered a bullish consolidation phase above the 107.00 handle. The pair extende ...

USD/JPY keeps the bearish view, 105.00 eyed – UOB

The pair’s bearish stance remains intact so far, while a test of 105.00 remains on the cards, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “USD traded sideways as expected albeit at a narrower range than anticipated. The daily closing is on the strong side and there i ...

USD/JPY prints daily highs above 107.00

USD remains bid vs. its main rivals on Tuesday. US 10-year yields advance above 2.92%, daily tops. Activity in US markets return after Monday holiday. The buying interest around the greenback stays well and sound during the first half if the week and is now pushing USD/JPY back above th ...

USD/JPY targets 104.00 near term – Danske Bank

Chief Analyst at Danske Bank Jens Sorensen noted the Swedish Krona should remain vigilant on the upcoming inflation figures in the Nordic economy. Key Quotes “USD/JPY has stabilised after past weeks’ sell-off. 25 delta USD/JPY risk reversals have bounced higher, which could indicat ...