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
20.9
Current
---
Chg. Open Interest
1.17%
Outlook
Bullish

Pivot Points data provided by IG

Support & Resistance

USD/JPY
Japanese Yen Technical Analysis: Ancient USDJPY Uptrend Threatened
S1112.37 W R3114.10 S
S2110.83 M R2113.63 M
S3109.56 S R1112.82 W
Trend
down
Volatility
26%

News


Japanese Yen Technical Analysis: Ancient USDJPY Uptrend Threatened

The Japanese Yen has made notable gains on the US Dollar to the point where an uptrend in place since late 2016 could come under serious threat.
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Real Time News


Analyst Picks

Jeremy Wagner, CEWA-M

Jeremy Wagner, CEWA-M   

Head Forex Trading Instructor

My Picks: Short USDJPY
Expertise: Elliott Wave, Technical Analysis
Average Time Frame of Trades: 2 days to 2 weeks


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