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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USDJPY chart

USDJPY chart by TradingView

IGCS: IG Client Sentiment data provided by IG


Last Week
1.05
Current
---
Chg. Open Interest
-2.1%
Outlook
Mixed

Pivot Points data provided by IG

Support & Resistance

USD/JPY
S1109.55 W R3112.23 S
S2108.82 M R2111.09 M
S3107.69 S R1110.57 W
Trend
down

News


Fundamentals Support a USDJPY View but Hopelessly Complicate EURUSD

It is generally the case that the pair or market most prone to volatility and acting lightening rod to the most prominent fundamental themes is considered the most ‘tradable’. Yet, reality is very different as we discuss between EURUSD and USDJPY.
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USD/JPY Breaks the June Bullish Trend Despite Continued Inflation Lag


Japanese Yen Looks Past CPI for Sentiment, USD/JPY Rise Stalling?


USD/JPY Forecast: Failure to Test May-High to Fuel Larger Pullback


Safe Haven Currencies Continue to Weaken as ’Risk On’ Mood Persists


Real Time News


Analyst Picks

James Stanley

James Stanley Currency Strategist

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


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Market Datadata provided by IG

Symbol Bid Ask Spread
Market Data figures are provided for the trading day.
Symbol Bid Ask Spread
Market Data figures are provided for the trading day.

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