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
  • 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:
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here:
  • The Japanese Yen is eyeing the upcoming Bank of Japan rate decision and CPI figures, but JPY crosses will likely remain dependent on broader market sentiment. Get your weekly $JPY forecast from @FxWestwater here:
  • Consolidation or bull flag? A bull flag is a continuation pattern that occurs as a brief pause in the trend following a strong price move higher. Learn how to better spot these formations here:
  • Crude and Brent oil are on track to extend higher as Gulf Coast supply disruptions and a positive OPEC report bolster sentiment. Uranium is on a massive surge, aided by the famous Wall Street Bets group. Get your market update from @FxWestwater here:
  • RT @michaeljburry: Read thread.
  • The Australian Dollar has retraced from August lows when looking at AUD/JPY and AUD/CAD. However, the AUD/NZD downtrend is intact, will a reversal there appear as well? Find out:
  • The S&P 500, Dow Jones and DAX 30 could be at risk of falling as retail traders continue increasing their upside exposure in these indices. What are the key technical levels to watch for? Find out from @ddubrovskyFX here:
  • The US Dollar continues to hold its ground against most ASEAN currencies as recent downtrends lose momentum. What is the road ahead for USD/SGD, USD/THB, USD/PHP and USD/IDR? Find out from @ddubrovskyFX here:
  • The Canadian Dollar has been caught in broad ranges against the Euro and the US Dollar, but can the upside bias in USD/CAD and EUR/CAD prolong? Find out here:
Japanese Yen Remains a Sell Until this Changes

Japanese Yen Remains a Sell Until this Changes

David Rodriguez, Head of Product
Japanese Yen Remains a Sell Until this Changes

Japanese Yen Remains a Sell Until this Changes

Fundamental Forecast for Yen:Bearish

The Japanese Yen fell for the third-consecutive week and finished at decade-plus lows versus the US Dollar as traders sold aggressively into JPY declines. Current price momentum leaves us in favor of continued USD/JPY gains, but any significant surprises out of upcoming revisions to Japanese GDP Growth figures or Produce Price Index inflation figures could force noteworthy short-term volatility.

Sharp Yen declines suggest that traders are once again speculating that the Japanese currency will continue lower, and indeed recent CFTC Commitment of Traders data shows a dramatic increase in bearish bets on the JPY (bullish USDJPY positions). Much of this renewed demand seems linked to the recent surge in global bond yields; a record surge in German bond yields sparked similar moves in US Treasury yields and other global benchmarks.

It was European Central Bank President Mario Draghi who perhaps unintentionally set global bonds into brief turmoil as he said “we should get used to periods of higher volatility [in asset prices].” In doing so, Draghi suggested that the ECB would not respond to the previous tumbles in German Bund prices and rise in yields. Yet it stands to reason that officials may show some concern following the unexpectedly sharp reactions from global markets, and it’s far from guaranteed that bond yields will continue higher under the watch of the European Central Bank and other counterparts. Whether or not the Yen continues lower will likely depend on their next moves.

The USDJPY moves in fits and starts—it is known to consolidate for months on end until ultimately breaking sharply in one direction. And indeed we recently argued that its recent break higher bears a clear resemblance to major rallies in the 2013 and 2014. On this alone we like trading it higher, but past performance is no guarantee of future results. It will be important to keep an eye on bond markets in the week ahead to judge the likelihood of continued yield-driven JPY declines. – DR

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