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. See our updated Privacy Policy here.



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

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Wall Street
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
More View more
Real Time News
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here:
  • Chinese property development company Sinic Holdings (2103) - Down 87%...@DailyFXTeam #contagion #Evergrande
  • 🇪🇸 Balance of Trade (JUL) Actual: €-1.60B Previous: €-0.98B
  • Heads Up:🇪🇸 Balance of Trade (JUL) due at 08:00 GMT (15min) Previous: €-0.98B
  • Fitch on China Property Developers - View will turn negative if sales in H2 21 fall below that achieved in H2 19 and/or if sharp fall follows through to H1 22 - Government policies in sector remain tight and show no sign of imminent loosening
  • Slippage can be a common occurrence in forex trading but is often misunderstood. Understanding how forex slippage occurs can enable a trader to minimize negative slippage, while potentially maximizing positive slippage. Learn about FX slippage here:
  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here:
  • (USD Weekly Tech) US Dollar Dominant Uptrend Back In Focus: EUR/USD, USD/JPY, NZD/USD, USD/CHF
  • What is your forex trading style? Take the quiz and find out:
  • Join @IlyaSpivak at 22:00 EST/2:00 GMT for his cross-market weekly outlook webinar. Register here:
USDJPY: Is Yen-Strength Sending a Signal as the US Yield Curve Inverts?

USDJPY: Is Yen-Strength Sending a Signal as the US Yield Curve Inverts?

James Stanley, Senior Strategist

US Dollar, USDJPY, EURUSD Talking Points:

- It’s been a wild week on short-term charts around the US Dollar, as the currency pushed down to a fresh monthly low, catching support at a bullish trend-line before moving towards the weekly close with two very strong days of price action. EURUSD was very much along for the ride, first running up to prior range resistance at 1.1448 at which point the music stopped and sellers took-control.

- Yen-strength showed up after the FOMC rate decision this week; and when combined with the growing inversion in the US Yield Curve – it may be telling us something. Stocks and bonds in the US have been in full rally-mode and rarely do both markets see synchronized strength. Usually, bonds are ‘right,’ and with yield curve inversion punctuating the backdrop, there may be a case for reversals in US equities as the end of Q1 nears.

- DailyFX Forecasts are published on a variety of currencies such as the US Dollar or the Euroand are available from the DailyFX Trading Guides page. If you’re looking to improve your trading approach, check out Traits of Successful Traders. And if you’re looking for an introductory primer to the Forex market, check out our New to FX Guide.

Do you want to see how retail traders are currently trading the US Dollar? Check out our IG Client Sentiment Indicator.

US Dollar Puts in a Wild Week; Goes Nowhere

It’s been a climactic week in the US Dollar. The currency put in a strong bearish move around the FOMC rate decision on Wednesday of this week, and this pushed the currency all the way down to the bullish trendline that connects September and January swing-lows. Since then – buyers have very much remained in-charge over the past couple of days as the US currency has moved right back towards its weekly open price; making for a net result of a Doji for this week’s price action in USD.

US Dollar Weekly Price Chart

us dollar usd weekly price chart

Chart prepared by James Stanley

Given the context of the above situation, with the ascending triangle formation in the US Dollar seeing a doji print after a failed test at support; the door can remain open to further topside in the US Dollar. This will likely be linked to another related theme in EURUSD, as the world’s most active currency pair also saw a fairly climactic week on the charts.

EURUSD Rebuffed at Range Resistance

Two week ago, the European Central Bank signaled a course-correction when announcing another round of fresh TLTRO’s just a few months after announcing an exit from stimulus. The bank also cut growth and inflation forecasts, and this led to a brief but noticeable move of Euro weakness as EURUSD pushed below a range that had been in-place for four months.

But support caught just hours after the announcement, and this is around the time that the US Dollar ran into resistance around the yearly highs: Since then, EURUSD put in a reversal that took-out the entirety of the ECB-fueled bearish move.

EURUSD continued to rally into this week, eventually running up to prior range resistance around 1.1448, at which point sellers came back in and have continued to push since. This keeps eyes on EURUSD and whether the pair can continue down to fresh lows; doing what many expected but didn’t see happen after that ECB rate decision earlier this month.

EURUSD Daily Price Chart

eurusd eur/usd daily price chart

Chart prepared by James Stanley

Yen Strength Re-Emerges After FOMC, USDJPY to Fresh Monthly Lows

One of the more notable items showing up this week has been re-emergence of Yen-strength; and when combined with the inversion in the US Treasury Yield Curve – this may be telling us something.

Yen-weakness has been a visible theme through most of 2019 trade, following a significant surge of strength in the currency as the New Year began. This came-in with a degree of correlation with the ‘risk on’ trade that saw US equities fly to fresh highs. But – this week has seen Yen-bulls come back into the picture and prices have already pushed all the way down to 110.00 in the pair; begging the question as to whether-or-not another round of risk aversion may be nearing.

USDJPY Eight-Hour Price Chart

usdjpy usd/jpy eight hour price chart

Chart prepared by James Stanley

To read more:

Are you looking for longer-term analysis on the U.S. Dollar? Our DailyFX Forecasts for Q4 have a section for each major currency, and we also offer a plethora of resources on USD-pairs such as EUR/USD, GBP/USD, USD/JPY, AUD/USD. Traders can also stay up with near-term positioning via our IG Client Sentiment Indicator.

Forex Trading Resources

DailyFX offers an abundance of tools, indicators and resources to help traders. For those looking for trading ideas, our IG Client Sentiment shows the positioning of retail traders with actual live trades and positions. Our trading guides bring our DailyFX Quarterly Forecasts and our Top Trading Opportunities; and our real-time news feed has intra-day interactions from the DailyFX team. And if you’re looking for real-time analysis, our DailyFX Webinars offer numerous sessions each week in which you can see how and why we’re looking at what we’re looking at.

If you’re looking for educational information, our New to FX guide is there to help new(er) traders while our Traits of Successful Traders research is built to help sharpen the skill set by focusing on risk and trade management.

--- Written by James Stanley, Strategist for

Contact and follow James on Twitter: @JStanleyFX

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