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
Subscribe
Please try again
EUR/USD
Bullish
Oil - US Crude
Mixed
Wall Street
Bullish
Gold
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
GBP/USD
Bullish
USD/JPY
Bearish
More View more
Real Time News
  • 🇵🇱 Unemployment Rate (OCT) Actual: 6.1% Expected: 6.1% Previous: 6.1% https://www.dailyfx.com/economic-calendar#2020-11-25
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 94.25%, while traders in NZD/USD are at opposite extremes with 73.68%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/iOMW9FP8Xs
  • Heads Up:🇵🇱 Unemployment Rate (OCT) due at 09:00 GMT (15min) Expected: 6.1% Previous: 6.1% https://www.dailyfx.com/economic-calendar#2020-11-25
  • Forex sentiment analysis can be a useful tool to help traders understand and act on price behavior. Learn how to get the most out of understanding trader sentiment here with the US #Elections2020 here. https://t.co/LjEjTexrCg https://t.co/FdMfb7Pbv0
  • Commodities Update: As of 08:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.81% Silver: 0.67% Gold: 0.31% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/jiUKQpv8CY
  • Forex Update: As of 08:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.29% 🇨🇭CHF: 0.13% 🇬🇧GBP: 0.13% 🇨🇦CAD: -0.02% 🇳🇿NZD: -0.04% 🇦🇺AUD: -0.05% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/T78ZeT5ISO
  • EU Von Der Leyen: Can't say if there will be a UK deal There remain large differences with the UK - BBG #Brexit
  • US Dollar Price Outlook: DXY Eyeing Yearly Lows Ahead of FOMC Minutes - https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/euro_open/2020/11/25/US-Dollar-Price-Outlook-DXY-Eyeing-Yearly-Lows-Ahead-of-FOMC-Minutes.html $USD #FOMC $DXY https://t.co/smkVhlAcpV
  • 🇿🇦 Inflation Rate YoY (OCT) Actual: 3.3% Expected: 3.1% Previous: 3% https://www.dailyfx.com/economic-calendar#2020-11-25
  • 🇿🇦 Inflation Rate YoY (OCT) Actual: 3.3 Expected: 3.1% Previous: 3% https://www.dailyfx.com/economic-calendar#2020-11-25
Japanese Yen Q2 Forecast: A Haven in a World Which Needs One

Japanese Yen Q2 Forecast: A Haven in a World Which Needs One

2019-04-02 22:09:00
Daniel Dubrovsky, David Cottle,
Share:

The Japanese Yen heads into 2019’s second quarter pushed by a rare tailwind. It spent much of the first under pressure. Global risk appetite held up rather well in the face of numerous challenges, from weakening economic data in many regions to the protracted divorce proceedings between the United Kingdom and the European Union.

However, as March bows out, it seems that that risk appetite is at last buckling.

USD/JPY Monthly Chart: Symmetrical Triangle in Place

Japanese Yen Q2 Forecast: A Haven in a World Which Needs One

Over the past three months, USD/JPY spent most of its time climbing. But, looking at a longer-term technical perspective shows that it is perhaps not yet ready to embark on its next major trend.

Looking at the monthly chart above shows a symmetrical triangle that has been taking shape since May 2015. These are typically continuation patterns. In this bullish example, USD/JPY may resume the dominant uptrend that took it from 78.00 in late 2012 to 125.00 by June 2015. Getting there involves clearing the descending resistance line of the triangle (downward sloping red line on the chart above).

See the complete Q2’19 Japanese Yen forecast as well as forecasts for the other major currencies, equities, Gold, and Oil.

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

DISCLOSURES