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
EUR/USD
Bearish
Oil - US Crude
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
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
Mixed
USD/JPY
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
More View more
Real Time News
  • The $USD may return to the offensive as markets flee to cash amid fears of deep global recession thanks to the still-raging #coronavirus outbreak. Get your US Dollar update from @IlyaSpivak here: https://t.co/g1us4ZbYR5 https://t.co/detT6m6ZKo
  • The #Dow Jones, S&P 500 and #DAX 30 have bounced after aggressive declines. Can this momentum last? Trader positioning seems to be offering mixed signals as technicals point bearish. Get your market update from @ddubrovskyFX here:https://t.co/DdCUyoGSmL https://t.co/NQtbwy5Brg
  • Reports that London-based fund managers have discussed long market closures with the Bank of England are unlikely to bear fruit, but that they happened at all may boost already-crowded haven trades. Get your EUR/CHF market update from @DavidCottleFX here:https://t.co/mernf5MDH3 https://t.co/1rzQT6ClCY
  • $AUD chart positioning suggests prices have set a swing top near the 0.62 figure. Re-engaging the long-term downtrend against $USD may follow. Get your AUD/USD market update from @IlyaSpivak here:https://t.co/OIEDlId6HZ https://t.co/CzqJf3wsgh
  • The $USD could be on the verge of regaining upside momentum against ASEAN FX such as the Singapore Dollar, Indonesian Rupiah and Malaysian Ringgit. Will the Philippine Peso follow? Find out from @ddubrovskyFX here:https://t.co/cBzPejcNHu https://t.co/4fcImOiSzD
  • $NZD chart positioning suggests the downtrend against its US namesake may be resuming but trader sentiment studies flash warning sign for sellers.Get your NZD/USD market update from @IlyaSpivak here:https://t.co/NUHD43A8C9 https://t.co/K7l3Ju0GP0
  • The Federal Reserve has made a powerful statement about its commitment to shoring up offshore $USD funding markets through the #coronavirus spread. Get your market update from @DavidCottleFX here:https://t.co/fLZjxjr4L9 https://t.co/UdRor0d92U
  • The #Euro has dropped through support guiding it higher from late-March lows, suggesting that the end of a corrective rebound has given way to downtrend resumption. Get your $EURUSD market update from @IlyaSpivak here: https://t.co/gpKowYNmGi https://t.co/CY7RuZf91s
  • What are a few of the common trading mistakes made by traders? Find out from @WVenketas here: https://t.co/Q3sPmP2rya #tradingstyle https://t.co/ayjehPGEeT
  • $USDCAD came close to taking out the 17-year-high just a few weeks ago, but this was followed by an aggressive pullback down below the 1.4000 handle.Get your USD/CAD technical analysis from @JStanleyFX here: https://t.co/aWmL2rlWzG https://t.co/cauVFdBxsd
USD/JPY Brushes Off BSI Surveys, Following Futures Lower

USD/JPY Brushes Off BSI Surveys, Following Futures Lower

2016-06-13 01:43:00
Daniel Dubrovsky, Analyst
Share:

Talking Points

  • Yen rally stalls as Japan BSI business survey data is released
  • The survey showed deepened negativity in company outlooks
  • Anti-risk Yen followed S&P 500 and Nikkei 225 futures lower

Keep an eye on short-term trends for Japanese Yen Crosses using the Grid Sight Index (GSI) here.

The Japanese Yen halted its appreciation against the major counterparts in early Asia trade as Japan released second quarter business condition surveys. Heading into the announcement, the anti-risk Yen was rising as Nikkei 225 and S&P 500 futures declined.

Japan’s Ministry of Finance showed that the large firm all industry outlook fell to -7.9 in the second quarter of 2016 versus -3.2 in the first quarter. The manufacturing survey declined to -11.1 in the second quarter from -7.9 in the first quarter. Both of the business condition outlooks showed the most negativity since the second quarter of 2014.

The data itself appeared to have no significant impact on the Japanese Yen likely due to its limited implications for near-term Bank of Japan policy adjustment bets. The BOJ will have a new monetary policy statement later this week that could reveal the central bank’s next course of action.

Shortly after the Japanese surveys crossed the wires, Nikkei 225 and S&P 500 futures took a pause from earlier declines before resuming the dominant downtrend afterwards. This saw the anti-risk Yen temporarily see-sawing but ultimately strengthening anew. Meanwhile, the DailyFX Speculative Sentiment Index (SSI) is showing a reading of 3.2 following the announcement implying further USD/JPY weakness ahead.

Want to learn more about the DailyFX SSI indicator? Click here to watch a tutorial.

USD/JPY Brushes Off BSI Surveys, Following Futures LowerUSD/JPY Brushes Off BSI Surveys, Following Futures Lower

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

DISCLOSURES

News & Analysis at your fingertips.