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Japanese Yen Technical Analysis: USDJPY Stuck .Can Fed Shift It? 
 The Japanese Yen has been effectively implemented between two key retracement levels for the last month.
A break may be more dependent on fundamentals than on technical factors.

Linkback: https://www.forex.zone/fundamental/12/usdjpy/688/
#1 - January 30, 2019, 05:53:38 PM

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Japanese Yen: USD / JPY takes a lower turn

The decline in the dollar yesterday further reinforced the impression that the USD / JPY was heading lower.

Prices are oversold on an intraday basis, but any rebound may give higher on time and new sales opportunities. Level 109.20.20 and then 109.60 yen are areas of possible resistance. A further decline towards ¥ 108.40 and then ¥ 108.00.

Overall, the usual price is: Down.

The projected upper limit is: 110.26.

The projected lower limit is: 107.40.

The projected closing price is: 108.83.
#2 - February 01, 2019, 07:08:40 AM

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the USD / JPY pair is finally out of the European session consolidation phase, bulls now seem to be continuing the positive momentum further above 109.00 post-NFP.

After spending the initial part of the defensive day, the US Dollar increased after the latest US monthly employment report showed that the US economy added 304 thousand new jobs in January compared with 165 thousand expected.

The NFP headline report did give a slight boost to the Greenback, although the reaction turned out to be short-lived as the previous month's reading was revised sharply down to show 222,000 additional jobs compared to 312 previously reported.

In addition, disappointment increased as the unemployment rate unexpectedly rose higher to 4.0% and average weekly income growth also fell below market expectations, at 0.1% month / month, despite remaining stable at level 3, 2% year / year.

Meanwhile, a cautious mood prevails, as illustrated by weaker trade sentiment around the equity market, supporting the safe-haven demand for the relative Japanese Yen and further collaborating to limit any significant gains.

Technical level that must be considered
USD / JPY

Overview:

Price Last Today: 108.9
Daily% change today: -0.02%
Daily Opening Today: 108.92

Trend:

Daily SMA20: 109.01
Daily SMA50: 110.85
Daily SMA100: 111.89
SMA200 Daily: 111.26

Level:

Highest Daily Before: 109.08
Previous Daily Low: 108.5
Highest Weekly Before: 110
Previous Lowest Weekly: 109.14
Previous Monthly High: 110
Previous Monthly Low: 104.75
Fibonacci 38.2% Daily: 108.72
Fibonacci 61.8% Daily: 108.86
Daily S1 Pivot Point: 108.58
Daily S2 Pivot Points: 108.24
Daily S3 Pivot Point: 107.99
Daily R1 Pivot Point: 109.17
Daily Pivot Point R2: 109.42
Daily R3 Pivot Point: 109.76
#3 - February 01, 2019, 07:07:52 PM

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see Japanese Yen power that will raise interest rates, then this pair will definitely move very aggressively
#4 - February 03, 2019, 09:01:16 PM

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the USD / JPY pair is finally out of the European session consolidation phase, bulls now seem to be continuing the positive momentum further above 109.00 post-NFP.
 

good evening bro how are you? Good analysis, I'm going to try to follow your analysis. Good luck.
#5 - February 07, 2019, 09:33:08 AM
« Last Edit: January 02, 2020, 11:10:24 AM by Mikser »

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USD/JPY extends intraday rejection slide from 110.00 handles, falls to the fresh session low

 A global risk-aversion trade underpins JPY and prompts fresh selling.
 A modest USD retracement from 2-week tops adds to the intraday fall.
 Speeches by FOMC members will now be looked upon for some impetus.


The USD/JPY pair faded an early European session spike to levels just above the 110.00 handle and dropped to a fresh session low, around the 109.60 regions in the last hour.

The pair continued with its struggle to make it through the key psychological mark, with a fresh wave of global risk-aversion trade underpinning the Japanese Yen's safe-haven demand and creating bearish pressure on the major.

The risk-off mood, as depicted by a sea of red across equity markets, was further reinforced by sliding US Treasury bond yields, which prompted some US Dollar profit-taking near two-week tops and further collaborated to the pair's intraday slide.

Despite the pull-back, the pair remains well within a narrow trading range held since the beginning of this week and hence, it would be prudent to wait for a convincing breakthrough in either direction before positioning for the near-term trajectory.

Moving ahead, today's scheduled speech by influential FOMC members - Fed Governor Richard Clarida and Dallas Fed President Robert Kaplan will now be looked upon for some fresh impetus during the early North-American session.
#6 - February 07, 2019, 02:38:19 PM

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USD/JPY looks for extra consolidation – UOB

 USD/JPY stays neutral for the time being and remains poised to extend the prevailing sideline theme, according to FX Strategists at UOB Group.
Key Quotes
24-hour view: “The quiet trading in USD yesterday offers no fresh clues. The consolidation phase appears incomplete and further range trading is expected, likely between 109.50 and 110.10”.
Next 1-3 weeks: “Despite the sharp decline in USD that hit 108.48 last Thursday (31 Jan), we indicated last Friday (01 Feb, spot at 108.90) that “we have doubts about the sustainability of JPY weakness and we prefer to wait for a NY closing below 108.60 before adopting a negative stance”. That said, the subsequent sharp recovery was not exactly expected (USD touched a 1-month high of 110.15 earlier this week). The recovery lacks momentum and is viewed as part of a broad consolidation phase. In other words, we have doubts now on the sustainability of the current USD strength. In our view, USD is more likely to trade sideways for now, likely within a relatively broad 109.00/110.30 range”.


#7 - February 08, 2019, 07:02:17 AM

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JPY TOKYO [B/] - Japan said it continued to look at the risks that overshadow the global economic recovery. Prime Minister (PM) of Japan Shinzo Abe said, vigilance was applied in the direction of his government policy.

Signs of a slowdown in global demand and a recent sharp rise in the yen have obscured the outlook for the Japanese economy that is heavily dependent on exports. That prompted verbal warnings from policy makers in Tokyo about the adverse effects of volatility in market movements on growth.
#8 - February 08, 2019, 11:25:16 AM

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Japanese Yen Technical Analysis: USDJPY Stuck .Can Fed Shift It?
 The Japanese Yen has been effectively implemented between two key retracement levels for the last month.
A break may be more dependent on fundamentals than on technical factors.
Yen still best option as safe heaven beside boj still keep policy.
#9 - February 08, 2019, 03:01:30 PM

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USD/JPY stays flat stuffy 109.80, US stocks submission the hours of the day in the red

 Trade fears drag stocks belittle around Friday.
 10-year T-bargain submits falls for the fourth straight day.
 US Dollar Index stays in daily range oppressive mid-96s.


The USD/JPY pair is fluctuating in a totally narrow range for the fourth straight hours of day roughly the subject of Friday and struggles to create a decisive change in either running. As of writing, the pair was nearly unchanged upon the day at 109.80.

Since the begin of the week, the JPY has been finding demand and staying resilient hostile to the dollar, which was clever to count together gains beside re all of its major rivals this week. With the major equity indexes in the U.S. sliding in the antique trade together amid fears of the U.S. - China trade battle lasting more than the March 1 deadline, the JPY kept its composure and didn't let the pair to profit traction. Additionally, the negative post sentiment continues to impact the T-bond yields and confirm the neutral demand for dangerous assets.

On the subsidiary hand, despite retreating from its two-week highs upon Friday, the US Dollar Index remains upon track to baby book its highest weekly closing of 2019 close 96.50. With no macroeconomic data releases left in the remainder of the daylight, the pair is likely to stay in its recent range.
#10 - February 09, 2019, 03:29:24 AM

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Japanese Yen: USD / JPY takes a lower turn

The decline in the dollar yesterday further reinforced the impression that the USD / JPY was heading lower.

Prices are oversold on an intraday basis, but any rebound may give higher on time and new sales opportunities. Level 109.20.20 and then 109.60 yen are areas of possible resistance. A further decline towards ¥ 108.40 and then ¥ 108.00.

Overall, the usual price is: Down.

The projected upper limit is: 110.26.

The projected lower limit is: 107.40.

The projected closing price is: 108.83.
I'm getting to you
#11 - February 10, 2019, 02:40:44 AM

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USD/JPY Weekly Price Forecast  US dollar continues to levitate

The US dollar rallied a bit during the week, breaking above the 110 level, back giving consent to minister to a bit of the gain. At this mitigation, it appears that this level is crucial, and appropriately I think that we have choppiness ahead of us.

The US dollar initially tried to rally during the trading week and even broke above the 110 level at one mitigation. By operate so, we had shown definite resiliency, but we next have seen a lot of resistance at the depth of the nasty hammer that was part of the flash wreck. Because of this, and the fact that the 61.8% Fibonacci retracement level sits just above, I think it is every single one likely that we continue to see a lot of hesitation in this place. Looking at the daily chart, you can see a lot of indecision and I think that's the biggest difficulty when this pair right now.
#12 - February 10, 2019, 03:36:28 AM

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USD/JPY  Japanese yen steady as markets dispel at begin of week

USD/JPY is showing limited objection in the Monday session. In the North American session, the pair is trading at 110.58, going on 0.11% on the subject of the hours of daylight. On the pardon stomach, Japanese Core Machinery Orders declined 0.1% in December, above the estimate of -1.1%. In December, the indicator was flat at 0.0%. In the U.S., banks are closed for a holiday and there are no U.S. activities.

The Japanese manufacturing sector continues to anxiety. Core Machinery Orders declined in December when then a flat 0.0% warfare in November. The slowdown of Chinas economy is chiefly to blame for a slip in Japans exports and manufacturing bustle. Japanese exports of car parts and electronics to China are particularly vulnerable to the slowdown in China. There was firm news last week, as Japan economy grew 0.3% in the fourth quarter, after incorporation less of 0.6% in the third quarter. Business and consumer spending augmented, helping economic progress. Exports rose 0.9% in Q4, the strongest gathering in a year. However, if the global trade conflict continues, Japanese summative could dramatically slip.

There are concerns roughly the strength of the U.S. economy, after soft consumer data in January. Retail sales and core retail sales showed intelligent contraction, and these numbers came upon the heels of soft inflation indicators. Inflation remains low, despite a mighty labor song. CPI showed no regulate in January and has failed to supplement a profit by now November. Core CPI has recorded weak gains of 0.2% for four successive months. On an annualized basis, CPI gained 1.6% in January, the weakest year-following more-year profit back mid-2017. The soft inflation numbers were an upshot of low simulation prices, which fell 3.1% in January as oil prices remain out cold pressure.
#13 - February 18, 2019, 04:17:11 PM

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USD/JPY sticks to modest gains, above mid-110.00s but lacks follow-through

    JPY weighed moreover to by the possibility of auxiliary BoJ policy lessening.
    Subdued USD price performance fails to have enough maintenance any added boost.
    Anxiety ahead of US-China trade talks keeps a lid concerning accumulation gains.

The USD/JPY pair held following hint to its mildly flattering expose through them in the future European session, albeit seemed lacking any mighty follow-through expansion.

The pair speedily reversed the very old dip to an intraday low level of 110.45 and turned future for the second consecutive session after the BoJ Governor Haruhiko Kuroda raised the possibility of relationship policy mitigation.

Speaking at the Japanese parliament, Kuroda's explanation showed the central bank's cartoon to ramp taking place its stimulus if a brilliant appreciating in the domestic currency hurts the economy and derail the lane towards achieving 2% inflation goal.

Meanwhile, the US Dollar outstretched its oblique price perform, which coupled taking into consideration disturbance ahead of the neighboring round of US-China trade talks underpinned the Japanese Yen's relative attach-port status and added collaborated towards keeping a lid upon any subsequent going on-have an effect on.

Moving ahead, there isn't any major make known-disturbing economic data due for an official pardon from the US and therefore, the USD price dynamics, along back the broader facilitate risk sentiment might continue to combat as a key determinant of the pair's progress upon Tuesday.
#14 - February 19, 2019, 01:44:07 PM

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USD/JPY struggles to make a decisive concern above 112

10-year US T-bond yield helps USD/JPY stay in the green.
Greenback outperforms its major rivals for the fifth straight daylight.
Wall Street starts the day flat.

After closing the first day of the week taking into consideration a little 20-pip loss, the USD/JPY pair recovered its losses a proposal Tuesday but unsuccessful to rise above the 112 marks. As of writing, the pair was trading at 111.90, adding 0.16% re a daily basis.

The US Dollar Index, which staged a decisive recovery after finding publicize stuffy 95.80 last week, touched its highest level in two weeks at 96.82 about Tuesday to assert the pair's bullish further intact. At the moment, the 10-year T-settlement consent to is occurring 0.75% upon the daylight even if the DXY is gaining 0.15% at 96.78. Later in the session, the IHS Markit and the ISM will pardon the PMI data for the assistance sector.

Earlier today, Boston Fed President Rosengren said that the Fed's incorporation rate was at the right level for where the economy was currently and explained that the 'inflation mute' was the primary excuse astern the Fed's patience.

Meanwhile, gone Monday's heavy sell-off, major equity indexes in the United States started the daylight more or less unchanged to want to neuter market sentiment.
#15 - March 05, 2019, 05:09:41 PM

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