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.

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
More View more
Dollar Rally Stalls versus Yen - What Could Force a Break Higher?

Dollar Rally Stalls versus Yen - What Could Force a Break Higher?

David Rodriguez, Head of Product

- Japanese Yen at critical price levels versus US Dollar, next move key

- May need to see US yields break higher for next USDJPY surge

- Clearly one-sided sentiment nonetheless leaves us looking for gains

The US Dollar trades at major resistance versus the Japanese Yen. What could force a break, and how might we trade it?

Follow any updates on the Japanese Yen, US Dollar, and other currencies via this author’s e-mail distribution list.

US Dollar Rally Stalls at Important 12-Year Trendline versus Japanese Yen

Dollar Rally Stalls versus Yen - What Could Force a Break Higher?

Source: FXCM Trading Station Desktop, Prepared by David Rodriguez.

Strong USDJPY Correlation to US Treasury Yields Highlights Potential Catalyst

Dollar Rally Stalls versus Yen - What Could Force a Break Higher?

Data source: Bloomberg, Prepared by David Rodriguez

US Yields Nonetheless Hitting Major Resistance - Likewise Show Reversal Risk

Dollar Rally Stalls versus Yen - What Could Force a Break Higher?

Source: TradingView.com, Prepared by David Rodriguez

Extremely One-sided Sentiment Nonetheless leaves us in Favor of USDJPY Strength

Dollar Rally Stalls versus Yen - What Could Force a Break Higher?

Source: CFTC Commitment of Traders data, Prepared by David Rodriguez.

Follow any updates on the British Pound, US Dollar, and other currencies via this author’s e-mail distribution list.

Forex Correlations Summary

View forex correlations to the S&P 500, S&P Volatility Index (VIX), Crude Oil Futures prices, US Treasury Yields, and Spot Gold prices.

Dollar Rally Stalls versus Yen - What Could Force a Break Higher?

Data source: Bloomberg. Chart source: R SEE GUIDE ON READING THE ABOVE CHART

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com David specializes in automated trading strategies. Find out more about our automated sentiment-based strategies on DailyFX PLUS.

Contact and follow David via Twitter: https://twitter.com/DRodriguezFX

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

DISCLOSURES