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Japanese Yen Outlook: USD/JPY May Fall But Broader Path Remains Bullish


Japanese Yen Outlook: USD/JPY May Fall But Broader Path Remains Bullish
2021-03-03 03:00:00
Daniel Dubrovsky,
Strategist
Japanese Yen, Majors-Based JPY Index, USD/JPY – Analyst Pick
Broader path for Japanese Yen still appears to look grim
Majors-based JPY index may be hinting at further losses
There is scope for a healthy correction in the USD/JPY
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The Japanese Yen may be at risk to further losses, prolonging what has been general declines since the front-end of last year. On the weekly chart below is a majors-based Yen index, which averages its performance against the US Dollar, Australian Dollar, British Pound and Euro. When the index is falling, that means JPY is generally weakening against its major peers and vice versa. ....

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Japanese Yen Outlook: USD/JPY, CAD/JPY Price Action Set-Up


Japanese Yen Outlook: USD/JPY, CAD/JPY Price Action Set-Up
2020-12-22 12:00:00
Justin McQueen,
Analyst
Japanese Yen Price Analysis & News
USD/JPY | Tight Range to Persist Into the New Year
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USD/JPY | Tight Range to Persist Into the New Year
A more subdued session for USD/JPY after yesterday’s rebound stalled around the high 103s. The path of least resistance remains lower for the pair, particularly as US 10yr yields remain capped at 1%. However, as it stands, USD/JPY looks to continuing trade within a relatively tight 102.80-104.00 range into the new year. Elsewhere, recent reports stating that Japanese PM Suga had reportedly told the Japanese Finance Minister to make sure USD/JPY does not cross 100.00 (around the time of the US election) does potentially set a limit as to how much lower could the pair go. On the technical front, topside resistance ....

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