USDJPY chart by TradingView


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.

IGCS: IG Client Sentiment

Last Week
Chg. Open Interest

Support & Resistance

Long U.S. Dollar vs. GBP, JPY
S1111.72 W R3113.01 S
S2111.78 M R2111.63 M
S3110.02 S R1112.09 W


Long U.S. Dollar vs. GBP, JPY

The U.S. Dollar has put in another spurt of weakness after the July FOMC rate decision. But with a slate of high-impact data on the calendar for the remainder of this week, bullish positions in the Greenback may become attractive again.
Continue Reading

Webinar: Weekly Trading Q&A: Prepping for July FOMC Decision and Impact on USD-pairs

Preview for July FOMC Decision & Outlook for USD-pairs, JPY-crosses

USD Steady Ahead of FOMC Tomorrow; AUD/JPY, CAD/JPY Longs Primed

US Dollar Remains a Sell versus Japanese Yen

Real Time News

Analyst Picks

James Stanley   

Currency Strategist

My Picks: Long USD v/s GBP, JPY
Expertise: price action + macro
Average Time Frame of Trades: few days - few weeks

Pivot Points

Get Your Free USD Forecast

Please enter valid First Name
Please fill out this field.
Please enter valid Last Name
Please fill out this field.
Please enter valid email
Please fill out this field.
Please fill out this field.
Please enter valid phone number
Please select a country
Read our full privacy policy

Your Forecast Is Headed to Your Inbox

But don't just read our analysis - put it to the rest. Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk.

Your demo is preloaded with £10,000 virtual funds, which you can use to trade over 10,000 live global markets.

We'll email you login details shortly.

Learn More about Your Demo Or, read more articles on DailyFX

Your Forecast Is Headed to Your Inbox

Read more articles on DailyFX

An error occurred submitting your form.
Please try again later.

Forex Economic Calendar

A:  Actual   F:  Forecast     P:  Previous