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.


IGCS: IG Client Sentiment


Last Week
2.1
Current
---
Chg. Open Interest
-3.7%
Outlook
Mixed

Support & Resistance

USD/JPY
Japanese Yen Steady Despite May Retail Sales Miss
S1111.83 W R3111.86 S
S2111.46 M R2111.71 M
S3108.32 S R1112.42 W
Trend
down
Volatility
26%

News


Japanese Yen Steady Despite May Retail Sales Miss

The Japanese Yen was focused elsewhere on Thursday and didn’t move much on news that May’s retail sales numbers were weaker than the markets had hoped.
Continue Reading


DXY Sinks into Yearly Lows with EUR/USD at Fresh Highs


Japanese Yen May Extend Rebound as Risk Appetite Sours


Japanese Yen Will Face Headwinds If Abe Breaks His Fiscal Bonds


Euro Pops as the Dollar Drain Drives Deeper


Real Time News


Analyst Picks

Michael Boutros   

Currency Strategist

My Picks: Near-term Setups in USD/JPY, USD/CAD & NZD/USD
Expertise: Short-term Technicals
Average Time Frame of Trades: 1-3 Days


Pivot Points

Get Your Free USD Forecast

Please enter valid First Name
Please fill out this field.
Please enter valid Last Name
Please fill out this field.
Please enter valid email
Please fill out this field.
Please fill out this field.
Please enter valid phone number
Please select a country
Read our full privacy policy

Your Forecast Is Headed to Your Inbox

But don't just read our analysis - put it to the rest. Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk.

Your demo is preloaded with £10,000 virtual funds, which you can use to trade over 10,000 live global markets.

We'll email you login details shortly.

Learn More about Your Demo Or, read more articles on DailyFX

An error occurred submitting your form.
Please try again later.

Forex Economic Calendar

A:  Actual   F:  Forecast     P:  Previous