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
2.21
Current
---
Chg. Open Interest
2.0%
Outlook
Bearish

Pivot Points data provided by IG

Support & Resistance

USD/JPY
S1112.37 W R3114.10 S
S2110.83 M R2113.63 M
S3109.56 S R1112.82 W
Trend
down

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Real Time News


Analyst Picks

Michael Boutros

Michael Boutros   

Currency Strategist

My Picks: Near-term Setups in USD/JPY, AUD/NZD, Ripple (XRP/USD)
Expertise: Technical Analysis
Average Time Frame of Trades: 1-3 Days


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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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