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
-1.4
Current
---
Chg. Open Interest
4.1%
Outlook
Bearish

Support & Resistance

USD/JPY
USD/JPY Weakness to Persist on Dovish FOMC Minutes
S1112.76 W R3115.94 S
S2112.04 M R2114.73 M
S3111.65 S R1113.33 W
Trend
down
Volatility
26%

News


USD/JPY Weakness to Persist on Dovish FOMC Minutes

USD/JPY may continue to give back the rebound from the 2017-low (107.32) should the Federal Open Market Committee (FOMC) Minutes highlight the risk for a dovish rate-hike.
Continue Reading


DailyFX US AM Digest: USD Bounces Again; AUD & NZD Hit Hard


Despite US Dollar Woes, AUD/USD & NZD/USD Begin Next Legs Lower


Japanese Yen Gains, Nikkei Slips On Report Of Trump Team Subpoena


USD/JPY Showing Failure to Launch as Commodities Sag on Sentiment


Real Time News


Analyst Picks

Ilya Spivak

Ilya Spivak   

Sr. Currency Strategist

My Picks: Short USD/JPY at 113.07
Expertise: Global macro
Average Time Frame of Trades: 1 week - 6 months


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

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

Your Forecast Is Headed to Your Inbox

Read more articles on DailyFX

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

Forex Economic Calendar

A:  Actual   F:  Forecast     P:  Previous