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USD/JPY struggles below 108.00 amid third virus-led emergency in Japan


4/26/2021 12:48:11 AM GMT
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By Anil Panchal
USD/JPY fades bounce off intraday low during three-day downtrend.
Japan government announced third emergency for Tokyo, Osaka, Kyoto and Hyogo on Sunday.
Virus woes battle vaccine hopes, geopolitical and trade headlines offer extra confusion.
Japan’s Corporate Service Price Index came in stronger for March, Leading Economic Index for February eyed.
USD/JPY drops back towards an intraday low of 107.82, down 0.05% on a day, as markets in Tokyo open for Monday’s trading. In doing so, the yen pair portrays the market’s risk-off mood while also bearing the burden of Japan’s third state of the emergency announcement. ....

New Delhi , Saudi Arabia , South China Sea , Brunei General , Japan Corporate Service Price Index For , Japan Corporate Service Price Index , Corporate Service Price Index , Leading Economic Index , Golden Week , Goods Orders , புதியது டெல்ஹி , சவுதி அரேபியா , தெற்கு சீனா கடல் , புருனே ஜநரல் , ஜப்பான் பெருநிறுவன சேவை ப்ரைஸ் குறியீட்டு க்கு , ஜப்பான் பெருநிறுவன சேவை ப்ரைஸ் குறியீட்டு , பெருநிறுவன சேவை ப்ரைஸ் குறியீட்டு , முன்னணி பொருளாதார குறியீட்டு , தங்கம் வாரம் , பொருட்கள் ஆர்டர்ஸ் ,

USD/JPY Forecast: Increased bearish potential, critical support at 104.95


2/21/2021 2:37:26 PM GMT
USD/JPY Current price: 105.46
Japan’s National inflation remained subdued in January at -0.6% YoY.
Speculative interest sold the greenback despite higher US Treasury yields.
USD/JPY is at risk of falling further, immediate support at 105.30.
The USD/JPY pair fell on Friday for a third consecutive day, trimming half of its weekly gains. The dollar’s broad weakness was behind the slump, with speculative interest ignoring US Treasury yields rallying to one-year highs. Meanwhile, equities traded with a mixed tone. The DJIA held near record highs, but the S&P edged lower.
Japan published the January National inflation, which came in at -0.6% YoY, while the core reading also printed at -0.6%, better than expected. The country released the Jibun Bank Manufacturing PMI, which improved in February to 50.6, according to preliminary estimates. Japan will publish this Monday the January Corporate Service Price Index, foreseen at -1.1%, dow ....

Corporate Service Price Index , Japan National , Jibun Bank Manufacturing , January National , January Corporate Service Price Index , Yield Curve , பெருநிறுவன சேவை ப்ரைஸ் குறியீட்டு , ஜப்பான் தேசிய , ஜனவரி தேசிய , ஜனவரி பெருநிறுவன சேவை ப்ரைஸ் குறியீட்டு , மகசூல் வளைவு ,

USD/JPY Weekly forecast: A long expected party


1/29/2021 4:18:41 PM GMT
USD/JPY breaks out of seven-month descending channel.
Trading at 2021 high, returns to the level of early November.
USD/JPY moves through the 21-day and 100-day moving averages.
Fibonacci 50% line next important resistance above market.
FXStreet Forecast poll predicts a resumption of the downtrend
The USD/JPY moved sharply higher this week breaking the upper border of the descending channel that has contained trading for seven months. Aided by better than expected US Durable Goods data on Wednesday and the improving pandemic case and hospital rates the upper border of the channel at 104.00 presented little difficulty. The USD/JPY closed at 104.18 on Wednesday, consolidated on Thursday and resumed the its strong rise on Friday, ending the week at 104.70, its best finish since November 12. ....

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USD/JPY Forecast: Under mild-pressure, no clear directional strength


1/26/2021 7:45:49 PM GMT
USD/JPY Current price: 103.67
US Treasury yields posted a modest intraday advance, limiting USD/JPY slide.
The BOJ’s Minutes showed policymakers would remain vigilant to market moves.
USD/JPY maintains its neutral stance with the risk skewing to the downside.
The USD/JPY pair eased on a better market mood, which weighed on the greenback. The USD/JPY pair trades in the 103.60 price zone, not far from a daily low of 103.55. US Treasury yields posted a modest intraday advance after Janet Yellen was confirmed as US Treasury Secretary, but lacked follow-through.
The Bank of Japan released the minutes of its latest monetary policy meeting, which showed that policymakers remain open to increase facilities, should the pandemic developments require so. A few members said that they must be vigilant to market moves including FX, amid the dollar weakening vs the yen. The country published the December Corporate Service Price Index, which cam ....

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USD/JPY Forecast: Bears ready to jump in


12/23/2020 7:33:46 PM GMT
USD/JPY Current price: 103.62
US Treasury yields and equities advanced, providing support to USD/JPY.
Japanese markets will remain open this Thursday, while the rest of Asia will be out.
USD/JPY maintains a neutral stance just above the 103.15 support.
The USD/JPY pair is trading around 103.60, unchanged on a daily basis. The pair started the day on the back foot, falling within range, and recovered during US trading hours amid the renewed dollar’s demand. The positive tone of Wall Street and higher US Treasury yields provided support.
 On Wednesday, the Bank of Japan published the Minutes of its latest meeting. The document showed that policymakers could consider tweaking its current bond-buying program to “enhance sustainability” in the longer-run. The country published the October Leading Economic Index, which improved to 94.3, while the Coincident Index contracted to 89.4. Japan will have its markets open this Thursday, ....

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