The USDJPY pair has broken the 111.00 major level early on Monday as the US Dollar continues last week's moves against the Japanese Yen. Nevertheless, is the pair is at risk of correcting lower? What is explained in the following 2 July USDJPY Fundamental Analysis?
Trade war tensions and elevated risk aversion is the theme in the markets at the beginning of the week. President Trump’s decision to impose tariffs on China and the Asian giant’s retaliation means that we’re now in a “state of trade war” between the world’s two largest economies. What currencies are beneficiaries of risk aversion? Gain insight on the 26 March Risk Aversion Pound and Yen Impact.
USDJPY bulls to withdraw as the pair retraces
USD/JPY attains 109 on the back of the FOMC statement, expected to consolidate before the CPI data by the BOJ on Friday
Fall of USDJPY after months of gains
Consolidation of the USDJPY is usually followed by a breakout. Upside before the US NFP?
USDJPY continues to range, with no obvious breakout
Dollar gains stretched? Overbought dollar poised to rebound with Yen vulnerable as risk appetite subject to change.
USD/JPY remains subdued below 116 as the U.S unemployment claims rose to 290,000, the highest since September and weighs down on a somewhat flat dollar sentiment this week.
USDJPY to set for weekly gains with speculations that the FED would raise interest rates this year
USDJPY is poised for a move this week as volatile news releases are coming, are you ready?
USDJPY looking to retest 121
Yen returns to high of September 8th against the U.S dollar as technical support looms.
With the lower house elections to be held on the 14th this month, the market is likely to throw caution to the wind and look at the possible outcomes of a longer lasting and larger scale monetary easing. Buying on the dips looks favourable as the dollar hawks and Yen doves takes turns.
Short term reversals expected as stronger U.S dollar reverses losses against the Yen
USDJPY ranges back to Pre-120 levels before the release of NFP on Friday
USDJPY reverses from 107.4 high
CPI fell and unemployment rose within estimates as Yen weakens agains the Dollar ahead of BOJ announcements and press conference.
Abenomics takes a major move forward as USD/JPY looks to resume its rise after the Prime Minister won the elections by a bigger than expected margin despite weak voting response.
USDJPY, have you broken out? or is it merely a false signal?