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Fxortrader

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The USDJPY continued its weakness in trading Friday after US Treasury yields weakened due to the decision of the European Central Bank (ECB) to postpone interest increases until 2020, from the original plan this year. In addition, the ECB issued a long-term soft loan program (TLTRO third volume) to banks to push the inflation rate towards the target of 2 percent.

At the time of writing, USDJPY weakened 0.16 percent or 18 pips from yesterday's close.

Previously safe haven sentiment also hit the pair on Thursday because the OECD agency cut its forecast for global economic growth this year.

TLTRO, short for targeted longe term refinancing operations or targeted long term refinancing operation, is one of the ECB non standard monetary policy tool Through TLTRO, 
the ECB provides long-term loans to banks and offers them incentives to increase their loans to businesses and consumers in the euro area.

This program helps to return the inflation rate to below levels, but approaches 2% in the medium term. The first TLTRO series was launched in 2014. The second series, introduced in March 2016, is called TLTRO lI and the latest is TLTRO lII.

The ECB decision confirmed that the global economic condition was indeed slowing down.
#16 - March 08, 2019, 08:19:45 AM

USA Forex Signal

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USD/JPY - US dollar rallies detached for week

The US dollar rallied merged during the week as a crashed into a major resistance barrier of 112. With the jobs number coming out, this was always going to be a volatile week, but now as we stuffy towards the top of this range, it shows just how much pressure there is.
The US dollar initially pulled promote during the week, but with skyrocketed towards the 112 level. By group consequently, the pushover and ended along in the midst of taking place slamming into what now looks to be major resistance. The 112 level has been important greater than furthermore, so it is not a shock that we stopped here. However, if we can fracture above here the sky could regard as swine itself reaching towards 113.50 rather speedily. On the new hand, we could each and everyone easily pure luck interest mitigation which wouldn't be an invincible astonishment either, gone major preserve showing itself at 111.
#17 - March 09, 2019, 05:03:11 PM

Fxortrader

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USDJPY THESE TYPES OF 110.76 GEOPOLITIC NEWS PRESSURE

The USDJPY pair turned weaker after briefly strengthening early in the Asian session, on the weekend, Friday (3/22/2019). Negative news about global geopolitics weighed on risk assets and made investors divert funds to the Japanese yen as a safe haven currency.

USDJPY is trading at 110.76, down 2 pips from the overnight close, even though the pair had touched the highest level of 110.88.

A new wave of risk aversion is gripping the Asian market amid the latest US-North Korea problems. The US tightened sanctions to North Korea after the failed Trump-Kim Jong un agreement in Vietnam. Two Chinese companies are penalized for doing business with North Korea.

While other news that boosted safe-haven sentiment was China reportedly wearing an anti-dumping policy on several products from the European Union (EU), Japan, South Korea and Indonesia, causing higher yields on US Treasury.

In the US session later tonight, market attention turned to Markit manufacturing reports and the service sector PMI, existing home sales, and wholesale inventories, for market drivers.
#18 - March 22, 2019, 05:14:51 AM

Fxortrader

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The USDJPY currency pair is expected to face downward pressure towards the 108 level by the end of this year due to concerns over the global economic slowdown and risk of disinflation, said the third largest bank in Canada, Scotiabank in its latest report.

The 3-month to 10-year US Treasury yield curve reversed for the first time since the last crisis on Friday, increasing market expectations for a rate cut at the December FOMC meeting.

Dovish tones and the potential for monetary easing from the Fed and other major central banks will stabilize markets and ultimately increase risk sentiment, by further reducing risk-free interest rates and reducing premium risk, according to this Canadian multinational bank.

Scotiabank, said the global reflective policy supports Asian emerging market currencies, especially those with high yields.

"We keep a close watch on US-China trade talks. The White House said on Saturday that the United States will host a delegation from China led by Deputy Prime Minister Liu He for the ninth round of negotiations starting April 3, after a 28- to US trip March 29 in an effort to improve trade relations "

While US Treasury yields can temporarily rebound when risk sentiment improves, they will slide again amid fears of a global economic slowdown and disinflation / deflation. "This will put downward pressure on USDJPY towards 108 which is our year-end estimate," Scotiabank further commented in the report.
#19 - March 25, 2019, 09:16:17 AM

Fxortrader

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MOST OF THE US-CHINA AGREEMENT OBSERVATIONS ARE REGARDED, USDJPY STRENGTHENS TO 111.47


On Wednesday's trading (3/4/2019), USDJPY continues the strengthening that has been started since the last eight trading days. The trigger is still on the news of the positive development of US-China trade talks.

The Financial Times reported that high-ranking US and Chinese officials had solved most of the problems that hindered the long-awaited trade agreement.

High-ranking US and Chinese officials have solved most of the problems that hinder agreements to end long-running trade disputes, but are still bargaining about how to implement and enforce agreements.

The US delegation has returned from Beijing and now this week it is the turn of the Chinese team led by Prime Minister Liu He to arrive in Washington for the finalization stage of the trade agreement before the two state leaders meet to ratify.

USDJPY traded at 111.47, up 0.15 percent or 17 pips from the close of the New York session last night.
#20 - April 03, 2019, 07:12:06 AM

Fxortrader

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The strengthening of the dollar as supported by US employment data has the potential to support the USDJPY moving up to test the resistance level at 108.90 - 109.10. Meanwhile the USDJPY support level is in the range of 107.90 - 107.70.
#21 - July 08, 2019, 01:07:22 PM

Newsfundamental

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General Trend:
  • Shanghai Property index pares over 2% loss, gov’t said property market was stable in H1
  • Samsung Electronics said to have secured emergencies supplies of certain materials amid export restrictions announced by Japan, it was not initially known how Samsung obtained the supplies (US financial press)
  • US companies may receive approval for licenses to resume sales to Huawei within 2-4 weeks (financial press)
  • Asia session participation limited by Japanese holiday
  • Rio Tinto expected to report quarterly production update on Tuesday, BHP’s production update is expected on July 17th (Wed)
  • China’s June industrial production rebounds from slowest growth pace since 2002, retail sales supported by auto and online sales
  • China said recent data was supported by gov’t stimulus measures
  • Kiwi rises after China data, New Zealand Q2 CPI data seen on Tuesday
  • Aussie in focus amid China data and Tuesday’s expected release of RBA minutes, Australia monthly jobs data due on July 18th (Thursday)

#22 - July 15, 2019, 10:01:03 AM

Fxortrader

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The outlook for a weakening US dollar and fears of an economic slowdown that has triggered demand for safe haven assets has the potential to push down the USDJPY in the short term to test the support at 107.60 - 107.10. If it moves up, the resistance level is at 108.20 - 108.70.
#23 - July 15, 2019, 12:14:07 PM

Alfrians

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The USDJPY has closed Friday with a doji, limited to the upper end of the weekly range, although it cannot extend gains beyond the 109.00 figure. In the daily chart, the pair offers a neutral stance to positive, as it settles above a directionless 20 DMA but holds well below a bearish 100 and 200 SMA. The technical indicators in the graph mentioned do not have directional strength around their midlines. For the short term, and according to the 4-hour chart, the pair has a chance to test that number, because it holds above all moving averages, and with the 20 SMA rising above a larger SMA. Technical indicators do not have directional strength but remain close to overbought readings. Previous highs and critical Fibonacci levels around 108.40 provide immediate support, with upward potential to remain in place as long as the pair holds above it
#24 - July 29, 2019, 12:30:57 AM

Mbah Dollar

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USDJPY has the potential to go down to test the support of 108.25. on the contrary, the resistance level is in the range 108.80 - 109.20.
#25 - December 09, 2019, 02:56:05 PM

zanurreload

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Today there will be an announcement of interest rates in December 2019 and the BoJ monetary policy statement which will have a high impact on the movement of the USDJPY
#26 - December 18, 2019, 09:59:19 PM
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