News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bullish
Oil - US Crude
Bearish
Wall Street
Mixed
Gold
Bullish
GBP/USD
Bullish
USD/JPY
Bullish
More View more
Real Time News
  • ECB's Lane: - If favorable financing conditions can be maintained, maximum amount of asset purchases may not be necessary - Recent intensification of pandemic represents a significant downside risk, requires continuation of various fiscal support measures #ECB $EUR
  • ECB's Elderson: - Impact of the crisis on the European banking sector has yet to be fully revealed - Consequences of Brexit still need to be dealt with - It is "high time" to complete the EU banking union through institutional/regulatory architecture, deposit insurance #ECB $EUR
  • Italy's coalition Democratic Party (PD) wants Conte to resign and guarantees support for him as head of new government - PD Lawmakers $EUR
  • $NZDUSD is back above 0.7200 this morning, trading near one of January's key levels for the pair. $NZD $USD https://t.co/WIsB7K8Zus
  • UK PM Johnson to visit Scotland to make impassioned plea for Scotland to reject narrow separatism - The Sun $GBP
  • 🇺🇸 Chicago Fed National Activity Index (DEC) Actual: 0.52 Previous: 0.27 https://www.dailyfx.com/economic-calendar#2021-01-25
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in EUR/JPY are at opposite extremes with 69.28%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/IcGOFR0QfL
  • Becoming a forex trader means living and breathing the excitement, risk and reward of trading in the biggest and most liquid market in the world. Do you have what it takes? Read here to discover the qualities and processes it takes to build consistency: https://t.co/EfWEACQ6Cz https://t.co/LTWADdQYbL
  • Forex Update: As of 13:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.40% 🇦🇺AUD: 0.16% 🇨🇦CAD: 0.10% 🇯🇵JPY: 0.02% 🇨🇭CHF: -0.16% 🇪🇺EUR: -0.16% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/Lipxi7E6zE
  • Heads Up:🇺🇸 Chicago Fed National Activity Index (DEC) due at 13:30 GMT (15min) Previous: 0.27 https://www.dailyfx.com/economic-calendar#2021-01-25
USD/JPY

USD/JPY

Thomas Long, Course Instructor

So far, this trade has acted as expected in that it is moving down.  My thinking is that if the USD is going to gain strength and move up against most currencies, it most likely will move up against the JPY also. That has not happened yet, so I am maintaining my bearish USD stance. I do not have enough confidence to act on that yet, other than this open position of the USD/JPY short, as the real test is coming this Friday. At 830AM Eastern, the US Department of Labor will release the Nonfarm Payrolls. This report has the reputation of being a trend maker and a trend breaker, and deservedly so. So we will know more by the Friday close, but this chart will hopefully show me what traders think of the USD and it's next big move.

 

usdjpy

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES