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
2.71
Current
---
Chg. Open Interest
10.5%
Outlook
Bearish

Support & Resistance

USD/JPY
US Dollar Likely to Fall Further versus Japanese Yen
S1110.72 W R3113.02 S
S2109.92 M R2112.17 M
S3107.86 S R1111.31 W
Trend
down
Volatility
26%

News


US Dollar Likely to Fall Further versus Japanese Yen

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests USDJPY prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bearish contrarian trading bias.
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Real Time News


Analyst Picks

Walker England   

Forex Trading Instructor

My Picks: USD/JPY Pending Breakout
Expertise: Technical Analysis
Average Time Frame of Trades: 1Day-1Week


Pivot Points

Forex Economic Calendar

A: Actual   F: Forecast    P: Previous