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.

Free Trading Guides
EUR/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Mixed
USD/JPY
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bearish
Oil - US Crude
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Bitcoin
Bullish
More View more
Real Time News
  • #GBP, #NZD and #NOK are expected to be the most-active #G10 currencies against the #USD with one-week implied volatility at 7.05, 6.38 and 6.32 respectively [delayed] -BBG
  • Missed today's #AUDUSD weekly outlook webinar? See the recording here - https://t.co/qkLvokBCkS Topics included: - Impact of #coronavirus outbreak - #Davos economic forum - #Australia jobs data - AUD/USD technical analysis
  • EUR/USD Technical Analysis: Euro Breakdown in the Works? - https://www.dailyfx.com/forex/technical/home/analysis/eur-usd/2020/01/21/EURUSD-Technical-Analysis-Euro-Breakdown-in-the-Works.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #EURUSD #technicalanalysis https://t.co/jIgzz4QjPq
  • Have you joined @DailyFX @facebook group yet? Discuss your #forex strategies and brush up on your skills with us here: https://t.co/jtY1G7g8yx https://t.co/tV6zV644iP
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.56%, while traders in Germany 30 are at opposite extremes with 80.84%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/cAKmwAKgMy
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.18% 🇬🇧GBP: 0.07% 🇨🇭CHF: 0.06% 🇳🇿NZD: -0.03% 🇨🇦CAD: -0.07% 🇦🇺AUD: -0.12% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/aJPnH14z9P
  • - Norwegian Krone🇳🇴, Swedish Krona🇸🇪 may rise at expense of US Dollar - IMF outlook, #WEF20 could pressure havens, lift market mood📈 - #NOK, #SEK may rise on the ECB, Norges Bank rate announcements📣 https://www.dailyfx.com/forex/fundamental/article/special_report/2020/01/21/US-Dollar-May-Fall-vs-NOK-SEK-on-Davos-Forum-Growth-Outlook.html
  • Indices Update: As of 05:00, these are your best and worst performers based on the London trading schedule: Germany 30: -0.25% France 40: -0.35% Wall Street: -0.43% US 500: -0.44% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/5a3G7sf8dZ
  • LIVE NOW: In this session, Currency Analyst @ZabelinDimitri will analyze the cross-asset impact of geopolitical risks affecting markets in the week ahead. https://www.dailyfx.com/webinars/146770987
  • RT @LiveSquawk: BoJ Outlook For Economic Activity And Prices (Jan 2020) – Full Report https://t.co/5Csech2Grl https://t.co/rZesrteM4x
Japanese Yen Q4 Forecast: Yen Still Lacks Interest Rate Support, Haven Bids Will Endure

Japanese Yen Q4 Forecast: Yen Still Lacks Interest Rate Support, Haven Bids Will Endure

Share:

The Japanese Yen remained under clear pressure against the US Dollar through the third quarter, with USD/JPY hitting highs not seen since mid-January. However, while interest-rate differentials between the two clearly present the Yen at clear disadvantage, there will be much more to its trading as 2018 bows out. It’s notable too that, despite those highs for USD/JPY, the pair leaves the quarter not much higher than where it started the period – or the year.

USD/JPY Price Chart: Monthly Timeframe (December 2013 to September 2018) (Chart 1)

Japanese Yen Q4 Forecast: Yen Still Lacks Interest Rate Support, Haven Bids Will Endure

The impact of increasing hawkish Fed monetary policy bets and rising trade war fears certainly left their mark on USD/JPY prices. While progress has been slow, the break above the triangle top dating back to June 2015 suggests the uptrend from 2012 to 2015 could eventually be revived. To turn the market over to the bulls in earnest, USD/JPY needs to make more progress on the break of its three-year triangle than what was registered in the third quarter.If the US Dollar continues to appreciate against the Japanese Yen with further monthly candle closes above the congestion pattern’s waypoint, then USD/JPY may well be on its way to revisit the highs from 2015.

See the complete Q4’18 Japanese Yen forecast as well as forecasts for the other major currencies, equities, Gold, and Oil.

--- Written by David Cottle, Market Analyst and Daniel Dubrovsky, Junior Analyst

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

DISCLOSURES

News & Analysis at your fingertips.