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.


SSI: The Speculative Sentiment Index


Last Week
4.13
Current
---
Chg. Open Interest
23.8%
Outlook
Bearish

Support & Resistance

USD/JPY
Weekly Trading Forecast: A Packed Docket Looks to Keep Markets to the Fire
S1100.29 W R3101.97 S
S299.02 M R2101.23 M
S398.77 S R1100.63 W
Trend
down
Volatility
25%
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News


Weekly Trading Forecast: A Packed Docket Looks to Keep Markets to the Fire

A late bloom of volatility this past week will be met with a broad range of fundamental fuel spanning from sentiment surveys to August NFPs and Jackson Hole Symposium to G-20 summit.
Continue Reading


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USD/JPY Edges Lower After 2Q GDP Revision- All Eyes on Chair Yellen


US Dollar Looks to Shake Off Low Vol with Yellen Speech Today


Real Time News


Analyst Picks

James Stanley   

Currency Analyst

My Picks: Long USD/JPY
Expertise: Price Action + Macro
Average Time Frame of Trades: Few Hours - Few Days

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