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
-1.11
Current
---
Chg. Open Interest
7.6%
Outlook
Mixed

Pivot Points data provided by IG

Support & Resistance

USD/JPY
S1112.0800 W R3113.8400 S
S2111.0600 M R2112.9100 M
S3110.1300 S R1112.7300 W
Trend
down
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News


Near-term Trade Setups in EUR/USD and USD/JPY

An update on near-term trade setups we've been tracking in EUR/USD and USD/JPY. These are the targets and invalidation levels that matter heading into next week.
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Yen, Franc and US Dollar Fall in Cheery Markets. Will This Last?


Shift in USD/JPY Sentiment Persists Even as Rebound Stalls


USD/JPY: Weekly Long Positions Soar 59% Prompting a Bearish Bias


US Dollar May Join Yen on the Offensive as Market Mood Sours


Real Time News


Analyst Picks

Michael Boutros

Michael Boutros Currency Strategist

My Picks: Near-term Trade Setups in EUR/USD and USD/JPY
Expertise: Technical
Average Time Frame of Trades: 1-3days

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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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