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
EUR/USD
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
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
Wall Street
Bearish
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
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
Bullish
USD/JPY
Mixed
More View more
Real Time News
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Silver: 0.90% Gold: 0.23% Oil - US Crude: -0.39% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/zaH4DP0nFZ
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.05%, while traders in EUR/USD are at opposite extremes with 69.60%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/b7OFCOlJkt
  • After recovering from March 2020 lows, price action favored the bulls, until reaching a wall of resistance on 1 September at the psychological level of 1.2000. Get your $EURUSD market update from @Tams707 here:https://t.co/PxcRm33ooH https://t.co/S7thoATfKw
  • US Equity Update (Monday Close): $DJI -1.43% $SPX -1.63% $NDX -1.84% $RUT -1.23% $VIX +6.24%
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: US 500: 0.04% Wall Street: 0.03% France 40: -0.50% FTSE 100: -0.58% Germany 30: -0.97% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/N8tSHADd40
  • Silver continues to grind higher and is now making a breakthrough a short-term resistance trendline started at the beginning of September. Get your $XAG market update from @nickcawley1 here:https://t.co/ImLodz3YT0 https://t.co/De0mXd0afk
  • Heads Up:🇺🇸 Fed Harker Speech due at 19:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-10-19
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Silver: 1.18% Gold: 0.33% Oil - US Crude: -0.37% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/1xOhZKKHS5
  • #Sterling Outlook: #Pound Rebound Remains Precarious- $GBPUSD Levels - https://t.co/Jn06MasoAG https://t.co/6soUcJMuew
  • It’s been another bearish start to the week for the US Dollar, and in USD/CAD, this has helped the pair to push back down to a key area of support. Get your $USDCAD technical analysis from @JStanleyFX here:https://t.co/S7ORVBdGNn https://t.co/BmARv9KHvl
Japanese Yen Remains Strong Sell Until these Factors Change

Japanese Yen Remains Strong Sell Until these Factors Change

2014-09-12 20:30:00
David Rodriguez, Head of Product
Share:
Japanese Yen Remains Strong Sell Until these Factors Change

Japanese Yen Remains Strong Sell Until these Factors Change

Fundamental Forecast for Japanese Yen: Bearish

The Japanese Yen broke convincingly lower versus the US Dollar as the USDJPY set its single-largest weekly advance on the year. We believe the currency pair remains an attractive buy on the impressive break higher.

What drove the Yen and, more importantly, what may cause further volatility in the days and weeks ahead? Put simply: a divergence. On the one hand you have the Bank of Japan widely expected to ease monetary policy further through the end of the year. Across the Pacific Ocean, the US Federal Reserve is actually tightening monetary policy. The interest rate-sensitive USDJPY will likely track higher as the two central banks go in opposite directions.

The week ahead should prove particularly interesting given a highly-anticipated US Federal Open Market Committee monetary policy decision, while two planned speeches from BoJ Governor Kuroda could likewise drive USD/JPY volatility. Many traders expect FOMC officials will raise growth and employment forecasts and remove the key term “for a considerable time” from the future of interest rate hikes. Strong Dollar gains leave room for disappointment, but we think recent economic data supports calls for further tightening in monetary policy.

BoJ Governor Kuroda is comparatively less likely to force big moves in the USDJPY, but traders will pay close attention to any hints that the Japanese central bank will boost quantitative easing purchases through upcoming meetings. Note: unless he specifically says the BoJ will not do more QE, we believe a JPY bounce seems relatively unlikely.

The only caveat to our calls for continued USDJPY strength is simple: markets can’t go in one direction forever. It’s entirely possible and perhaps even likely that the Japanese Yen corrects higher (USDJPY lower) before its next major move. Yet remaining above key resistance-turned-support at ¥105.60 leaves us focused on continued USDJPY strength. - DR

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com David specializes in automated trading strategies. Find out more about our automated sentiment-based strategies on DailyFX PLUS.

Contact and follow David via Twitter: https://twitter.com/DRodriguezFX

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

DISCLOSURES