USD/JPY

[HFblogNews]

Date : 24th December 2015.


CURRENCY MOVERS OF 24th December 2015.


MACRO EVENTS & NEWS





FX News Today


The U.S. markets will be closing early today, ahead of Christmas Day and trading should be limited. The U.S. stock markets have enjoyed 3 straight day’s of gains in the usually end of year rally. Stock markets have been partly supported by the nearly 4% gains seen in the price of U.S. Oil, with Crude prices clearing to the upside of $37.00, following news that EIA crude inventories plunged 5.88 mln bbls compared to a Reuters forecast of a 1.1 mln build (6.98 mln bbl difference). The only U.S. data report today is weekly jobless claims, expected to edge up 1k to 272k.


U.S. economic reports revealed slightly encouraging personal income data and an upside durable orders surprise.


European markets will be quiet today. The German market has already closed for Christmas, while the U.K. market will be closed on Monday for Boxing Day. The only data on the agenda is from the U.K. with BBA mortgage approvals.


The GBP has been preforming today, rising against the USD. The pound’s run higher following a near two-week period of notable under-performance as markets scaled back BoE tightening expectations. Cable has been posting gains with markets shrugging off an unexpected downward revision lower in final UK Q3 GDP data for the last two trading sessions in what continues to be a technical bounce.


The EURUSD dipped under 1.0950, which roughly marks the 50% retracement of the rally from last week’s 1.0800 low. The USDJPY broke to the downside of the 120.60 support.


Main Macro Events Today


• JPY Monetary Policy Meeting Minutes: Reveled slow wage and capital expenditure growth are areas of concern but were optimistic that companies will start to boost spending once emerging economies improved. The BOJ kept policy steady since October, betting that companies will use their profits to lift wages and capital expenditure and help kick off a positive economic cycle. The Nov. 18-19 rate review, the BOJ board discussed why companies were slow to respond. Companies probably felt their current record profits were due to temporary factors like the weak yen and low energy costs, and weren’t convinced that earnings would remain strong in the future, the minutes showed. At the time of writing the JPY is sharply stronger vs the USD with the USDJPY pair down around 50 pips for the session.


• EUR German Bank Holiday:


• USD Unemployment Claims: U.S. initial jobless claims are expected to be 272k (median 270k) in the week-ended December 19. Continuing claims are expected to fall to 2,232k for the week-ended December 12. Forecast risk: upward, as holiday hiring could hold down claims. Market risk: downward, as weaker than expected data could slow the path of rate hikes.


• NZD Bank Holiday:


• AUD Bank Holiday:




Please note that times displayed based on local time zone and are from time of writing this report.


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John Knobel
Senior Currency Strategist
HotForex



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[martyn]

Currently the USDJPY is moving down to the level of 117.82, the RSI indicator shows the market still have a strong downward trend and the market is still expected will move down to the level of 117.68.

[martyn]

Currently the USDJPY is moving down to the level of 118.191 and SAR indicator signaling the market already at saturation point, the market is expected will move up to level 118.286.

[martyn]

Currently USDJPY is moving up with high volatility of up to level 117.952 and Bollinger Bands indicator signaling market still have a strong upward trend. It is estimated that the market will move up to level 118.059.

[martyn]

Currently USDJPY is moving down to the level of 116.912 and WMR indicator signaling the market will create a new trend. It is estimated that the market will move up to level 117.093.

[martyn]

USDJPY is currently moving up to the level 117.370 and the MACD shows the market still have a strong upward trend, sp the market still expected will move up to level 117.480.

[martyn]

Currently USDJPY is moving down to the level of 117.652 and the market price has been below the MA indicator line, the market still expected will move down to the level of 117.517.

[martyn]

Currently USDJPY is moving down with breakout pattern to the level of 116.294, MACD shows the market still have a strong downward trend, so the market is still expected will move down to the level of 116.157.

[martyn]

Currently USDJPY is moving up with high volatility to the level of 117.598, MACD shows the market still have a strong upward trend, so the market is still expected will move up to level 117.816.

[martyn]

USDJPY is currently moving up to the level 118.384 and the MACD shows the market still have a strong upward trend, so the market is still expected will move up to level 118.915.