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
-1.43
Current
---
Chg. Open Interest
5.0%
Outlook
Mixed

Pivot Points data provided by IG

Support & Resistance

USD/JPY
S1112.8300 W R3115.0100 S
S2111.9300 M R2113.9900 M
S3110.9100 S R1113.1700 W
Trend
down

News


US Dollar Remains Fortified by Supportive Fed Policy

The US dollar turned lower Thursday after US President Trump said that he was ‘not thrilled’ about interest hikes. The downturn didn’t go too far or last for too long as the greenback remains buttressed by a hawkish Fed.
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Japanese Yen Steady After CPI Data, Looks Next to Trade War Risk


Near-term Setups in USD/JPY and AUD/JPY


USD/JPY Rate Forecast: December-High on the Radar


DXY Index Hits Fresh Yearly High as China Wages Currency War


Real Time News


Analyst Picks

Michael Boutros

Michael Boutros Currency Strategist

My Picks: Near-term Setups in USD/JPY and AUD/JPY
Expertise: Technical
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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