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
1.58
Current
---
Chg. Open Interest
-6.7%
Outlook
Mixed

Support & Resistance

USD/JPY
Kuroda Stokes Bullish Motivation in the Yen; CPI on Deck
S1112.06 W R3114.92 S
S2111.59 M R2114.12 M
S3109.92 S R1112.95 W
Trend
down
Volatility
26%

News


Kuroda Stokes Bullish Motivation in the Yen; CPI on Deck

One of the biggest winners of the ‘Trump Bump’ across markets was Japan. After the BoJ spent more than three years weakening the Yen as part of ‘Abenomics,’
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Analyst Picks

Michael Boutros   

Currency Strategist

My Picks: Near-term Setups in NZDUSD, USDCAD USDJPY & AUDJPY
Expertise: Near-term Technicals
Average Time Frame of Trades: 1-2Days


Pivot Points

Forex Economic Calendar

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