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
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
  • $GBPUSD not far off the big 1.4000 psych level that has been in focus for much of the year
  • $USDCAD has dropped below its 20-day moving average for the first time in 38 trading days. As far as monetary policy focused crosses go, this is a good one; and the BOC has already tapered twice as the Fed drags its feet
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.76% 🇬🇧GBP: 0.51% 🇨🇦CAD: 0.44% 🇪🇺EUR: 0.33% 🇦🇺AUD: 0.23% 🇯🇵JPY: 0.20% View the performance of all markets via
  • Seeing some continued US Dollar weakness post-FOMC as expected. $DXY hitting fresh monthly lows with weekly jobless claims data and the 2Q GDP report released this morning both disappointing relative to consensus. Link to Analysis -
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.88% US 500: 0.52% France 40: 0.50% Wall Street: 0.49% Germany 30: 0.36% View the performance of all markets via
  • The US 2Q GDP was technically better than the previous quarter at 6.5% (prev 6.3% revised down), but far more tame than the 8.4% forecasted. The $DXY Dollar Index is responding to the data with its fourth consecutive slide
  • White House says it is necessary for congress to extend eviction moratorium, current ban cannot be extended unilaterally after high court case -BBG
  • AUD/USD defends the advance following the Federal Reserve interest rate decision as the US Gross Domestic Product (GDP) report warns of a weaker-than-expected recovery. Get your $AUD market update from @DavidJSong here:
  • RT @WVenketas: #FTSE100 index up 1% today and 9.70% YTD after several constituents posted record #earnings results with help from a #dovish…
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Silver: 3.01% Gold: 1.15% Oil - US Crude: 0.57% View the performance of all markets via
Japanese Yen Shows Signs of Life but Does Rally Continue?

Japanese Yen Shows Signs of Life but Does Rally Continue?

David Rodriguez, Head of Product
Japanese_Yen_Shows_Signs_of_Life_but_Does_Rally_Continue_body_Picture_1.png, Japanese Yen Shows Signs of Life but Does Rally Continue?

Fundamental Forecast for Japanese Yen: Neutral

The Japanese Yen clawed back losses versus the Euro and US Dollar as traders took profits on JPY-short positions to start the New Year. It will be critical to watch price action in the days ahead as a pickup in economic event risk threatens big moves across forex markets.

An empty Japanese economic calendar leaves focus on a key European Central Bank interest rate decision as well as a critical US Nonfarm Payrolls report. Which way might the Yen move?

The JPY rallied as the previously-unstoppable US S&P 500 posted its single-largest daily decline in four weeks, and we might expect the inverse correlation to hold strong around critical event risk. According to futures positioning data, speculators were recently at their most net-short Japanese Yen (long USDJPY) on record. The first sign of danger in broader financial markets could spark a larger panic-driven wave of short-covering and drive the USDJPY lower.

To that end it will be important to watch whether the ECB signals further monetary policy easing is likely, and any disappointments could cause a sell-off in risk. Fresh policy action seems improbable at this stage but markets will scrutinize President Mario Draghi’s words for clues on future moves.

All eyes will then turn to an important US labor market report to gauge the likelihood of further US Federal Reserve policy action. The Fed shook markets as they unexpectedly began the so-called “Taper” of their Quantitative Easing purchases at their December meeting. Yet they’re far from done, and an especially strong US NFP print could potentially hurt ‘risk’ markets and drive the Japanese Yen higher against all except perhaps the US Dollar.

It is shaping up to be an important week for the Yen as the first full week of trading in the New Year may set the pace for some time to come. A continuation in the recent ‘risk’ sell-off could allow the otherwise-downtrodden Japanese currency to recover further from recent lows. - DR

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