Hello Guest, if you are reading this it means you have not registered yet. Please take a second, Click here to register, and in a few simple steps you will be able to enjoy all the many features of our fine community. Note that lewd or meaningless nicknames are prohibited (no numbers or letters at random) and please introduce yourself in the section for you to meet our community.
100-bonus-benefit
pcm brokers pcm brokers
Page 34 of 35 FirstFirst ... 2432333435 LastLast
Results 331 to 340 of 347

Thread: USD JPY

  1. #331
    Senior Trader
    Join Date
    Oct 2015
    Posts
    429
    Post Thanks / Like
    Credits
    1,123
    My Language
    English
    Yen push on Dollar


    The dollar dipped against the yen early on Tuesday, while the New Zealand dollar rose after the nation's central bank chief said he did not see the need for a rapid succession of interest rate cuts.


    The dollar shed 0.2 percent to 100.120 against the safe-haven yen amid a pullback in Tokyo stocks.


    The greenback had risen to almost 101.00 yen overnight following hawkish-sounding comments by Federal Reserve Vice Chair Stanley Fischer before it lost steam.

  2. #332
    Senior Trader
    Join Date
    Oct 2015
    Posts
    429
    Post Thanks / Like
    Credits
    1,123
    My Language
    English
    BOJ Governor Kuroda: "interest rates would rise when 2 pct price goal is met"


    Bank of Japan Governor Haruhiko Kuroda said on Wednesday that interest rates would rise when the central bank's 2 percent inflation target is achieved although it's unlikely borrowing costs would increase anytime soon.


    "It is unthinkable that long-term interest rates would stay around zero percent when the 2 percent price goal is achieved," Kuroda told a parliament committee.


    "If (further) easing is necessary, interest rates could be lowered further as needed. On the other hand, interest rates would rise if the price stability target is met."

  3. #333
    Moderator
    Join Date
    Jan 2014
    Posts
    730
    Post Thanks / Like
    Credits
    1,729
    My Language
    English
    USDJPY pair could remain sidelined between 100 and 105 in the next months.
    USDJPY pair broke out in an upward direction from a triangle flag pattern in October, and downward pressure temporarily eased. If compare scenarios of a move above 110 or drop below 100, we still see a higher likelihood of the latter.
    However, 100 demonstrated relatively form support with concentrated buy orders from pension funds, life insurers, and other investors and importers. Technical downward momentum recede as the rate was unable to break through 100, and overseas speculators were forced to unwind USDJPY shorts and this resulted in USDJPY rebounding to the 105 level.
    The USDJPY recovery is also in line with the recent rise in US interest rates. We expect an increase in buyers in the low 100 range and stronger possibility of avoiding a drop below 100 if the US economy is bottom-firm and this fosters expectations for multiple rate hikes by the Fed for coming months. The USDJPY’s central level might shift to 105-110 in this case.
    USDJPY’s core level is likely to stay at 100-105, and the potential risk of moving toward the 90 range into 2017 remains significant.

  4. #334
    Moderator
    Join Date
    Jan 2014
    Posts
    730
    Post Thanks / Like
    Credits
    1,729
    My Language
    English
    USDJPY has eroded its 100 week MA at 114.74, and appears to already be resuming its up move. Last week price action held rigidly above the Imoku 1 support, currently at 113.84 and the market is immediately bid above here. We note the 13 count on one hour chart and may see a small dip lower very near term.
    Above here we also have the 61.8% retracement of the move 2015-2016 at 116.00 and we are allowing for a near term consolidation. Above here would target 120.00/120.10, the 78.6% retracement of the move down from 2015.

  5. #335
    Senior Trader
    Join Date
    Oct 2015
    Posts
    429
    Post Thanks / Like
    Credits
    1,123
    My Language
    English
    USDJPY Pair hits 10-months high


    The yen weakened with upbeat month machinery orders having little effect on sentiment as the focus falls squarely on the Fed meeting this week.
    USD/JPY changed hands at 115.44. up 0/06%.


    Japan reported core machinery rose for the first time in three months by 4.1% month-on-month, handily beating a 1.0% gain seen, but orders plunged 5.6% year-on-year, more than the 4.5% drop seen, while producer prices dipped 2.2% year-on-year, a tick more than the 2.3% drop expected.


    The Fed kicks off a two-day review of rates on Dec. 13 where it is widely expected to hike rates for the first time in a year and give an updated timetable on expected moves in 2017.

  6. #336
    Moderator
    Join Date
    Jan 2014
    Posts
    730
    Post Thanks / Like
    Credits
    1,729
    My Language
    English
    The USDJPY pair stormed its way through 118 handle in the Europeans session, as fresh demand emerged for the major near 117.70 regions.
    The USDJPY pair caught a fresh bid wave and extends its post BOJ vertical rise beyond 118 handle, as the yen sees aggressive selling on the back of persistent risk on sentiment.
    While the main catalyst behind the latest up move in the spot in the renewed strength seen in the US treasury yields across the curve, which underpins the broad demand for the US dollar. The USD index jumps +0.29% and flirts with daily tops at 103.39, while the US treasury yields rally +1.40% to 2.0%.
    Meanwhile, BOJ’s steady policy stance and Kuroda’s comments on the yen also keeps the Japanese currency on the offers, driving the USDJPY pair through the roof. Looking ahead, the major will be driven by the USD dynamics and broader market sentiment in absence of relevant macro news.

  7. #337
    Senior Trader
    Join Date
    Apr 2015
    Location
    UAE
    Posts
    261
    Post Thanks / Like
    Credits
    764
    My Language
    English
    Dollar gains against Yen on Fed expectation and U.S data

    The U.S. dollar rose against the yen on Tuesday on stronger-than-expected U.S. housing data and expectations for a hawkish Federal Reserve, but remained below a recent 10-month high in thin holiday trading.

    The data helped underscore expectations that the Fed would raise interest rates at a faster pace next year, a view that gained traction after the Fed on Dec. 14 projected three rate hikes next year, up from the two foreseen in September. The data also sent U.S. Treasury yields higher.

    Trading was thin as markets in Britain, Australia, New Zealand, Canada and Hong Kong were closed for holidays.

    The dollar extended its gains to a fresh session high against the yen of 117.60 yen , putting it up about 0.4 percent against the Japanese currency on the day, in the wake of data showing U.S. consumer confidence hit its highest in more than 15 years in December.

    The dollar remained below a 10-month high of 118.66 yen touched Dec. 15 and a 14-year high against a basket of major currencies touched Dec. 20. The dollar index (DXY), which measures the greenback against a basket of six major rivals, was last up just 0.06 percent at 103.070, below the 14-year peak of 103.650.




    ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
    PCM Brokers
    Executive Coordinator

  8. #338
    Senior Trader
    Join Date
    Oct 2015
    Posts
    429
    Post Thanks / Like
    Credits
    1,123
    My Language
    English
    Dollar falls against yen


    The U.S. dollar hit a 15-day low against the yen as traders used the quiet holiday period to take profits on the dollar's recent gains, while a drop in U.S. Treasury yields on waning risk appetite reduced the greenback's appeal.




    The dollar was last down 0.57 percent against the yen at 116.57 yen after falling as much as 0.9 percent in early trading to 116.23 yen, its lowest level since Dec. 14. The greenback had gained 11.5 percent against the Japanese currency between the Nov. 8 U.S. election and Wednesday.

  9. #339
    Moderator
    Join Date
    Jan 2014
    Posts
    730
    Post Thanks / Like
    Credits
    1,729
    My Language
    English
    USDJPY pair could resume its bullish view on a close above 118.56.
    USDJPY remains capped by the 16 month resistance line at 118.56 and is downside corrective near term – we will need a close above here to resume its bull move. Currently we are unable to rule out a deeper retracement to the 114.54 then 111.98 area. There are the 23.6% and the 38.2% retracements of the move up from November. However the market continues to indicate that this is an ‘a-b-c’ correction only and that it may have already ended. Initial resistance lies at 116.83/117.05.
    Above the 118.60 recent highs we target 120.00, the 78.6% retracement of the move down from 2015. The 120.10 level is regarded as the last defence for the June 2015 high at 125.86.

  10. #340
    Moderator
    Join Date
    Jan 2014
    Posts
    730
    Post Thanks / Like
    Credits
    1,729
    My Language
    English
    The USDJPY pair regained traction at lower level and recovered all of its early lost ground, albeit ran through some fresh offers near 116.00 handle.
    Currently trading around 115.90, a fresh bout of US Dollar buying interest helped the pair’s recovery from session low near 115.20 regions. Moreover, revising investor risk appetite, as depicted by recovery in European equity markets, further contributed to the pairs up move during mid European session.
    Meanwhile, the recovery momentum lacked conviction as investors remained cautious and seemed inclined to lighten their bullish positions ahead of Donald Trump’s scheduled news conference. Moreover, renewed concerns about ‘hard Brexit’ continues to weigh on investor sentiment and might contribute towards restricting further upside for the major.
    Later during NA session, the release of JOLTS job openings from the US might provide some impetus for short term traders.

 

 
Page 34 of 35 FirstFirst ... 2432333435 LastLast

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Powered by vBulletin® Version 4.2.4
Copyright © 2017 vBulletin Solutions, Inc. All rights reserved.
Credits System provided by vBCredits II Deluxe v2.1.1 (Pro) - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd.
Feedback Buttons provided by Advanced Post Thanks / Like v3.3.0 Patch Level 2 (Lite) - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd. Runs best on HiVelocity Hosting.
All times are GMT +4. The time now is 09:32 AM.
CompleteVB skins shared by PreSofts.Com