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.



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
Oil - US Crude
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
  • Euro Price Forecast: EUR/USD, EUR/JPY Eyeing ECB Weekly Bond Purchases - $EUR $EURUSD $EURJPY
  • 🇨🇭 Retail Sales YoY (JAN) Actual: -0.5% Previous: 5.4%
  • Heads Up:🇨🇭 Retail Sales YoY (JAN) due at 07:30 GMT (15min) Previous: 4.7%
  • 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:
  • 🇷🇺 Markit Manufacturing PMI (FEB) Actual: 51.5 Previous: 50.9
  • Heads Up:🇷🇺 Markit Manufacturing PMI (FEB) due at 06:00 GMT (15min) Previous: 50.9
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here:
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.74%, while traders in GBP/JPY are at opposite extremes with 64.08%. See the summary chart below and full details and charts on DailyFX:
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.55% 🇦🇺AUD: 0.55% 🇬🇧GBP: 0.39% 🇪🇺EUR: 0.09% 🇯🇵JPY: 0.06% 🇨🇭CHF: -0.01% View the performance of all markets via
  • Indices Update: As of 05:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 1.05% US 500: 0.83% Germany 30: 0.78% France 40: 0.78% Wall Street: 0.72% View the performance of all markets via
Japanese Yen Forecast to Gain until Status Quo Changes

Japanese Yen Forecast to Gain until Status Quo Changes

David Rodriguez, Head of Product
Japanese Yen Forecast to Gain until Status Quo ChangesJapanese Yen Forecast to Gain until Status Quo Changes

Fundamental Forecast for Yen:Bullish

The Japanese Yen rallied for the fourth-consecutive week versus the Euro and British Pound, but a week of strong US economic data and disappointments out of Japan helped the USD/JPY exchange rate break its recent losing streak. US Dollar and Japanese Yen traders look to a potentially significant week ahead with the weekend’s G20 summit and the highly market-moving US labor market report on tap.

The Japanese Yen in particular could see big volatility if the world’s top central bankers surprise markets and issue strong statements or announce fresh policy responses to ongoing market turmoil. And of course a key theme is ongoing FX market volatility itself—any signs of cooperation among G20 central bankers would likely force big moves across the board. Concrete policy responses remain admittedly unlikely, but it is set to be a rocky Sunday night market open given clear uncertainty heading into the G20 summit.

FX traders will then turn their attention to upcoming US Nonfarm Payrolls data and the typical slew of US economic data leading up to the big result. A positive surprise in recent US Q4 GDP figures raises the weight of expectations for the US Dollar—particularly as the Greenback remains closely-linked with expectations on the future of US Federal Reserve monetary policy. It is well-known that Fed officials place considerable weight on unemployment figures when setting interest rate policy, and any surprises could easily erase recent USD gains.

The Japanese economic calendar is comparatively less likely to force big FX market moves, but trader should nonetheless keep an eye on Japan Retail Sales, Industrial Production, and Jobless Rate figures due in the week ahead. A recent Japanese Consumer Price Index inflation report admittedly told us most of what we needed to know—the lack of domestic inflation means that the Bank of Japan will likely keep policy unchanged through the foreseeable future. As we argued last week, the status quo keeps momentum in the JPY’s favor. It would take a substantive shift in policy expectations to change the trajectory for the USD/JPY and other Yen pairs.

Ongoing financial market volatility benefits the Japanese Yen, and this in itself could push the JPY higher (USD/JPY lower) until further notice. The past week of US S&P 500 rallies suggests that market jitters may have calmed, but the potential for continued turmoil leaves us cautious until further notice. Keep an especially close eye on Chinese financial markets—the Yen acts as a strong proxy for sharp moves in the world’s second-largest equity market.

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