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
1.19
Current
---
Chg. Open Interest
-11.8%
Outlook
Mixed

Pivot Points data provided by IG

Support & Resistance

USD/JPY
S1110.79 W R3112.82 S
S2109.75 M R2111.80 M
S3108.73 S R1110.96 W
Trend
down
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News


Yen Drop May Continue, Euro Likely to Overlook PMI Data

The perennially anti-risk Japanese Yen fell as Asia Pacific stocks followed Wall Street higher. More of the same may be in store through the week-end.
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Japanese Yen Unfazed By CPI Uptick, Core Measures Remain Weak


Asian Stocks Up Despoite Ongong Trade Tensions, UK CPI Eyed


Japanese Yen Technical Analysis: USD Uptrend Holds, Highs Elusive


US Dollar Price Action Setups as USD Wobbles Near Support


Real Time News


Analyst Picks

Nick Cawley

Nick Cawley Analyst

My Picks: Bullish USDJPY - Short-Term Trade Idea
Expertise: Technical and Fundamental analysis
Average Time Frame of Trades: 0ne- to Three-days

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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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