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
-1.38
Current
---
Chg. Open Interest
1.3%
Outlook
Mixed

Pivot Points data provided by IG

Support & Resistance

USD/JPY
S1113.4100 W R3115.4600 S
S2112.4800 M R2114.4700 M
S3111.4900 S R1113.7100 W
Trend
down
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DXY Index Remains in Consolidation in Lead Up to FOMC


USD/JPY Retail Sentiment Shifts, RSI Snaps Bullish Trend Ahead of FOMC


USD/JPY 2-Month Highest Net Long Position Indicates a Strong Bearish Bias


USD/JPY, USD/CHF Bounce From Support Ahead of the Fed


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Analyst Picks

James Stanley

James Stanley Currency Strategist

My Picks: EUR/USD, USD/CHF, AUD/USD, USD/JPY
Expertise: price action, macro
Average Time Frame of Trades: few days - few 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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