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
-1.03
Current
---
Chg. Open Interest
-4.9%
Outlook
Bearish

Support & Resistance

USD/JPY
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
Trend
down
Volatility
26%

News


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.
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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

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