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
1.76
Current
---
Chg. Open Interest
-2.8%
Outlook
Bearish

Pivot Points data provided by IG

Support & Resistance

USD/JPY
S1107.36 W R3109.61 S
S2106.74 M R2108.65 M
S3105.78 S R1107.76 W
Trend
down

News


FX Setups for the Week of April 23, 2018

Next week sees rate decisions out of Europe and Japan, and we may be on the cusp of a deeper move of US Dollar strength. In this article, we look at setups in USD/JPY, NZD/USD and GBP/CAD designed for the week of April 23, 2018.
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US Dollar Shows Strength Ahead of ECB, BoJ Rate Decisions


US AM Digest: DXY Eyes 90.00 Level; Trump Slams OPEC Over High Oil Prices


USD/JPY May Fall After Japan CPI if HKMA Sours Sentiment


USD, JPY Price Action Setups Ahead of Japanese Inflation


Real Time News


Analyst Picks

James Stanley

James Stanley Currency Strategist

My Picks: USD/JPY, NZD/USD, GBP/CAD
Expertise: price action - macro
Average Time Frame of Trades: few hours - few 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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