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
-1.47
Current
---
Chg. Open Interest
14.2%
Outlook
Mixed

Pivot Points data provided by IG

Support & Resistance

USD/JPY
S1113.3 W R3115.24 S
S2112.37 M R2114.28 M
S3111.41 S R1113.46 W
Trend
down
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Analyst Picks

Paul Robinson

Paul Robinson Market Analyst

My Picks: USD/JPY & USD/CAD
Expertise: Technical
Average Time Frame of Trades: Several days to several weeks

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Market Datadata provided by IG

Symbol Bid Ask Spread
Market Data figures are provided for the trading day.
Symbol Bid Ask Spread
Market Data figures are provided for the trading day.

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