USD/JPY rate forecast: More trouble to come for the Japanese yen?

USD/JPY ANALYSIS Will Fed Chair Powell continue his hawkish rhetoric? US economic data on hold as global slowdown worries mount. 145.00 in sight for USD/JPY bulls? GENERAL BACKGROUND OF THE JAPANESE YEN The Japanese yen had a tough time last week and is heading into the week weaker overall due to aggressive comments by Fed … Read more

Japanese Yen strengthens after intervention warning, while the US Dollar stabilizes.

Japanese Yen, USD/JPY, US Dollar, BoJ, Kanda, China PMI, Debt Deal – Topics to Analyze Traders in the Japanese yen are eyeing the possibility of intervention. The US dollar is treading water as government bond yields fell ahead of the debt deal. The Chinese purchasing managers’ index disappointed and growth-related assets fell. The Japanese yen … Read more

Japanese Yen Price Action Scenario: EUR/JPY, USD/JPY, USD/JPY

PRICE, CHARTS AND ANALYSIS: JAPANESE YEN USD/JPY Technicals point to exhaustion as RSI enters overbought territory. USD/JPY sideways as the dollar and yen battle for dominance. EUR/JPY is bouncing off the trend line and the 50-day line. Are further gains above 150.00 to be expected? JAPANESE YEN Behind the scenes The Japanese yen had to … Read more

Japanese Yen Rate Update: EUR/JPY, USD/JPY. USD/JPY

JAPANESE YEN PRICE, CHARTS AND ANALYSIS: USD/JPY Rises as the RBA continues the rate hike cycle and hints at further developments. USD/JPY Closes the 200-day line and plans to return above 140.00. EUR/JPY Reaches 15-Year High. Bullish momentum remains intact above 146.50. RSI remains in overbought territory for all three JPY pairs, so a retracement … Read more