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
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
Oil - US Crude
Mixed
Wall Street
Bearish
Gold
Bearish
GBP/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
USD/JPY
Bullish
More View more
Real Time News
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here: https://t.co/Yl9vM7kO6a https://t.co/HzHZKB6lNG
  • (Commodities Briefing) Crude Oil Prices at Risk if US PPI Data Echoes the Consumer Inflation Beat #OOTT #WTI #Oil #CrudeOil https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/05/13/Crude-Oil-Prices-at-Risk-if-US-PPI-Data-Echoes-the-Consumer-Inflation-Beat.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/ojHQZXPFF3
  • Trading Forex is not a shortcut to instant wealth, excessive leverage can magnify losses, and sentiment is a powerful indicator. Learn about these principles in depth here: https://t.co/lZFM8youtX https://t.co/NVlReyO4Ln
  • 🇯🇵 Eco Watchers Survey Outlook (APR) Actual: 41.7 Previous: 49.8 https://www.dailyfx.com/economic-calendar#2021-05-13
  • 🇯🇵 Eco Watchers Survey Current (APR) Actual: 39.1 Previous: 49 https://www.dailyfx.com/economic-calendar#2021-05-13
  • Heads Up:🇯🇵 Eco Watchers Survey Outlook (APR) due at 05:00 GMT (15min) Previous: 49.8 https://www.dailyfx.com/economic-calendar#2021-05-13
  • Heads Up:🇯🇵 Eco Watchers Survey Current (APR) due at 05:00 GMT (15min) Previous: 49 https://www.dailyfx.com/economic-calendar#2021-05-13
  • Crude oil double top in the works? - #CL1! chart https://t.co/IXWHfFNqRF
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 91.04%, while traders in GBP/USD are at opposite extremes with 64.57%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/lrz6hYQcvg
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.11% 🇳🇿NZD: 0.05% 🇬🇧GBP: 0.04% 🇪🇺EUR: 0.01% 🇯🇵JPY: -0.02% 🇦🇺AUD: -0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/DLZh2GHNhV
Yen Continues to Fall Following Nikkei Rally

Yen Continues to Fall Following Nikkei Rally

Benjamin Spier, Technical Strategist

EUROPEAN SESSION UPDATE: No specific expectations from today’s G8 summit; PM Abe ally calls for more BoJ easing…

It’s been a quiet European session in Forex markets, as little news from the UK and Euro-zone have left the Euro and Pound relatively unchanged during today’s trading. The major winners of the day have been the Aussie and Kiwi, as the Yen has shown the biggest daily losses, thereby reflecting a risk-on environment in Forex trading. This risk appetite is reflected in the major European and Asian equities, which have been trading higher following the weekly open.

The major story of the day is the Group of 8 summit, which will begin today. There doesn’t seem to be a specific topic that Forex traders are waiting for a decision on, but there is still the possibility of a decision at the summit which moves markets in an unexpected way. The major story consuming Forex Traders’ attention remains Wednesday’s Fed meeting and monetary policy decisions.

The Yen has fallen back towards the 95.00 line against the US Dollar, as Japan’s safe haven currency may have been sold off as the Nikkei equities index closed 2.73% higher. The ally of PM Abe, Yamaguchi, said today that the BoJ should prepare more easing steps. USD/JPY may see resistance by the key 95.00 level, and the pair may find support by a 2-month low set recently at 93.78.

(Did you understand all the terms used in today’s report? If so, test your skills with DailyFX’s Trading IQ Quiz.)

USDJPY Daily: June 17, 2013

Yen_Continues_to_Fall_Following_Nikkei_Rally__body_usdjpy.png, Yen Continues to Fall Following Nikkei Rally

Chart created by Benjamin Spier using Marketscope 2.0

--- Written by Benjamin Spier, DailyFX Research. Feedback can be sent to instructor@dailyfx.com .

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

DISCLOSURES