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.

Free Trading Guides
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
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.19%, while traders in US 500 are at opposite extremes with 73.28%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/BRIkHghn5j
  • Commodities Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 4.31% Gold: -1.86% Silver: -2.24% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/LFsykmg4W9
  • Heads Up:🇨🇦 Ivey PMI s.a due at 14:00 GMT (15min) Previous: 22.8 https://www.dailyfx.com/economic-calendar#2020-06-05
  • Gold Sinks, USD/JPY Surges as NFP Report Smashes Expectations - via @DailyFX https://t.co/csSLlNVzVJ
  • Indices Update: As of 13:00, these are your best and worst performers based on the London trading schedule: France 40: 3.25% Wall Street: 2.70% Germany 30: 2.65% US 500: 1.90% FTSE 100: 1.79% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/GyZ4oc1mGG
  • me and other market bears after that NFP print.... https://t.co/NFQOzKWtNG
  • 🇷🇺 Foreign Exchange Reserves Actual: $566.1B Previous: $566B https://www.dailyfx.com/economic-calendar#2020-06-05
  • US #NFP report for May 2020 crushed the median estimate on Wall Street looking for -7.5 million jobs lost, but the actual figure crossed the wires at 2.5 million jobs added. Get your market update here: https://t.co/8i0L6YIqjy https://t.co/K2laOv7Unk
  • #Cable is trading around 1.2650 in early turnover and is back at highs last seen in mid-March as the pair continue to make a short-term series of higher lows and higher highs.Get your $GBPUSD market update from @nickcawley1 here: https://t.co/XCrsgxaXux https://t.co/5z8GFfyN8X
  • Heads Up:🇷🇺 Foreign Exchange Reserves due at 13:00 GMT (15min) Previous: $566B https://www.dailyfx.com/economic-calendar#2020-06-05
USD/JPY Higher On Equities Open, Ahead Of BoJ Policy Statement

USD/JPY Higher On Equities Open, Ahead Of BoJ Policy Statement

2013-08-08 01:00:00
Jimmy Yang,

THE TAKEAWAY:Bond buying could hint at increased demand for Japanese assets > Balance of trade disappoints > Market looks past data, responds to equities open and awaits BoJ > USD/JPY Higher

The Japanese Yen traded slightly higher against the US Dollar as Japan released a mix of economic data. Last week, foreign bond purchases by Japanese investors totaled 689.9 billion Yen while foreign stock investments saw a net sell of 19.5 billion. At the same time, foreigners invested 124.4 billion Yen into Japanese bonds and sold less in stocks than the previous week, suggesting demand for Yen-denominated assets could be rising.

Other data released include June’s balance of payment figures that disappointed expectations. Current account balance printed a 336.3 billion Yen reading (646.2 billion seasonally adjusted), declining 20.3 percent year-over-year, while trade balance saw net outflows of 139.3 billion. Meanwhile, bank lending reported as expected with housing loans increasing 3.2 percent in the second quarter.

However, USD/JPY seemed unchanged by the releases. Instead the pair seemed to be correcting higher after prices found an intraday dip at around 96.316. Price however, did respond considerably to the Asian/Pacific equities opened, moving nearly 15 pips higher.

Looking ahead, the Bank of Japan is expected to release its monetary policy statement later today with a follow-up speech by Governor Haruhiko Kuroda at 6:30 GMT. Investors will likely be looking at its rhetoric to guide their expectations on whether the central bank will maintain the current pace of its massive stimulus program.

AUD/USD (5-Minute Chart)

USDJPY_Higher_On_Equities_Open_Ahead_Of_BoJ_Monetary_Policy_Statement_body_Picture_1.png, USD/JPY Higher On Equities Open, Ahead Of BoJ Policy Statement

Source: FXCM Marketscope

New to Forex? Watch this video.

Jimmy Yang, DailyFX Research Team

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


News & Analysis at your fingertips.