Never miss a story from Christopher Vecchio

Subscribe to recieve updates on publications
Please enter valid First Name
Please fill out this field.
Please enter valid Last Name
Please fill out this field.
Please enter valid email
Please fill out this field.
Please select a country

I’d like to receive information from DailyFX and IG about trading opportunities and their products and services via email.

Please fill out this field.

Your Forecast Is Headed to Your Inbox

But don't just read our analysis - put it to the rest. Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk.

Your demo is preloaded with £10,000 virtual funds, which you can use to trade over 10,000 live global markets.

We'll email you login details shortly.

Learn More about Your Demo

You are subscribed to Christopher Vecchio

You can manage your subscriptions by following the link in the footer of each email you will receive

An error occurred submitting your form.
Please try again later.

Talking Points:

- USDOLLAR Index struggling at post-FOMC low, daily 34-EMA.

- USDJPY wipes out below 119.25, contrary to March seasonality.

- See the March forex seasonality report for trends in the QE-era.

The Japanese Yen is defying its seasonal tendencies right now, which could set up an interesting month of April. Typically, at least over the past five years, March has seen the Yen depreciate against its major counterparts, especially towards the end of the month due to the turnover of the Japanese fiscal year. Yet this year has been quite different, with USDJPY now sliding to fresh weekly lows and the Q1 uptrend showing signs of breaking.

Post-FOMC Levels Holding USD for Now; JPY-crosses Begin Breakdown

Indeed, if the Yen is able to break its seasonal tendency, then it enters the most bullish portion of the year for the funding currency with wind at its back. The Japanese Yen has seen appreciation versus its major counterparts on average from April to August, and a jumpstart on that trend (be it due to lower global yields or geopolitical risk) could prime pairs like USDJPY, EURJPY, and GBPJPY for a rough few weeks ahead.

See the above video for technical considerations in EURUSD, GBPUSD, USDJPY, GBPJPY, EURJPY, and AUDUSD.

Read more: Important Few Days Ahead as USD Eyes Key Technical Levels

--- Written by Christopher Vecchio, Currency Strategist

To contact Christopher Vecchio, e-mail

Follow him on Twitter at @CVecchioFX

To be added to Christopher’s e-mail distribution list, please fill out this form