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
-1.13
Current
---
Chg. Open Interest
-12.4%
Outlook
Bearish

Support & Resistance

USD/JPY
OPEC, G7, FOMC Minutes Headline a Big Week for Global Markets
S1110.93 W R3111.93 S
S2109.74 M R2111.70 M
S3108.43 S R1111.61 W
Trend
down
Volatility
26%

News


OPEC, G7, FOMC Minutes Headline a Big Week for Global Markets

This week brings to the fray a series of drivers that could serve to extend or reverse last week's quick spike of volatility. OPEC, G7 and FOMC Meeting Minutes are on the docket, and will likely drive price action across major currency pairs.
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Japanese Yen Slips, April Trade Figures Portray Robust Growth


Yen Crosses Look for Permanent Traction in Equity, Risk Slide


Yen Mixed as Sentiment Shifts


Technical Analysis: USD/JPY Drift Lower Likely To Resume


Real Time News


Analyst Picks

James Stanley   

Currency Strategist

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


Pivot Points

Forex Economic Calendar

A:  Actual   F:  Forecast     P:  Previous