USD JPY

USDJPY Currency pair flag

Other major currency pairs


Latest USD JPY Analysis

Global markets poised into Fed Meeting Minutes; USDJPY in focus

  • Global financial markets remain nervous and volatile due to trade war tensions and concerns regarding the global economic slowdown and recessionary fears for the US economy.
  • Today’s FOMC Minutes from the last meeting could provide directional tone across asset classes in the short-term.
  • Here we focus on the risk barometer from the Forex markets, the USDJPY currency pair.

USDJPY bias stays lower, whilst below 106.78

A setback Tuesday with the recent rebound effort capped as we had flagged at our 106.78 resistance, thereby sustaining a negative bias from last week’s push back lower (after the spike to 106.98), to keep risks lower for Wednesday.

The plunge below 106.75 set an intermediate-term bear trend.

For Today:

  • We see a downside bias for 105.93 and 105.60; break here aims for 105.02/00.
  • But above 106.78 opens risk up to 106.98/107.09 and maybe towards 107.28.

Intermediate-term Outlook – Downside Risks: We see a downside risk for 104.56.

  • Lower targets would be 101.19, 100.00 and 99.00.
  • What Changes This? Above 107.09 shifts the intermediate-term outlook back to neutral; above 107.57 is needed for an intermediate-term bull theme.
usdjpy chart

4 Hour USDJPY Chart

BUY - rate is expected to increase, i.e. the first currency gains value against the second currency.
SELL - rate is expected to go down, i.e. the first currency is expected to lose value against the second currency.

Please join the USD JPY discussion

Your email address will not be published. Required fields are marked *

BUY - rate is expected to increase, i.e. the first currency gains value against the second currency.
SELL - rate is expected to go down, i.e. the first currency is expected to lose value against the second currency.