USDJPY chart by TradingView

USD/JPY

Yen is one of the most traded currencies in the world, especially due to its low interest rate since the Yen is used in carry trades. Recently the Bank of Japan has expanded their purchase of Yen, hoping to overturn the deflation tide to inflation. Doubling this money supply is devaluing the Yen, boosting exports; but, increasing prices of imports at the same time, especially for commodities.


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Last Week
2.04
Current
---
Chg. Open Interest
-16.1%
Outlook
Bearish

Support & Resistance

USD/JPY
The Bank of Japan Adds a New Dove to the Dole – CPI on Deck
S1112.14 W R3113.66 S
S2111.09 M R2112.10 M
S3110.42 S R1112.72 W
Trend
down
Volatility
26%

News


The Bank of Japan Adds a New Dove to the Dole – CPI on Deck

The Bank of Japan may be even more dovish now with the addition of a new board member, but threats from North Korea may continue to restrain the runaway Yen-weakness that’s become commonplace in risk-on environments.
Continue Reading


DailyFX Morning Digest: Risk Appetite Subsides as Geopolitical Tensions Heat Up


USD Eases as Rate Expectations Steady; GBP Awaits May Speech


Japanese Yen Technical Analysis: Year’s Lows Creep Back Into Focus


USD/JPY Trend: Is This a Long Term Bottom?


Real Time News


Analyst Picks

Jeremy Wagner, CEWA-M

Jeremy Wagner, CEWA-M   

Head Forex Trading Instructor

My Picks: Long USD/JPY
Expertise: Elliott Wave, Technical Analysis
Average Time Frame of Trades: Multiple Weeks


Pivot Points

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