FX_IDC: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.


SSI: The Speculative Sentiment Index


Last Week
-1.31
Current
---
Chg. Open Interest
7.1%
Outlook
Mixed

Support & Resistance

USD/JPY
British Pound Drop May Deepen on Carney Comments
S1114.15 W R3118.61 S
S2112.87 M R2116.47 M
S3111.99 S R1115.44 W
Trend
down
Volatility
26%
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News


British Pound Drop May Deepen on Carney Comments

The British Pound slumped amid “hard Brexit” fears in Asian trade. Comments from Bank of England Governor carney may amplify selling pressure.
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Yen Ignores Upbeat PPI as Brexit Worries Drive Price Action


Rising U.S. CPI, Hawkish Fed Rhetoric to Tame USD/JPY Pullback


Volatility, China GDP, ECB to Test Dollar and Equity Strength


EUR/USD Dips Slightly after Mixed December US Retail Sales


Real Time News


Analyst Picks

James Stanley   

Currency Strategist

My Picks: Long-Term Setups in GBP/USD, EUR/JPY and USD/JPY
Expertise: Price Action + Macro
Average Time Frame of Trades: few days - few weeks

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Pivot Points

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Forex Economic Calendar

A: Actual   F: Forecast    P: Previous