JPY Trading Outlook
The Japanese Yen (JPY) the USD/JPY was well supported grinding higher as the BOJ continues to talk down the Yen and comment to the market with new aggressive easy measures are being considered. EUR/JPY is back above Y107 and has bounced 200 pips in the last few days.
The Japanese Yen (JPY) The USD/JPY stayed in a 25 pip range with the USD remaining supported and action only on the GBP/JPY cross which punched back above Y130. The outlook will come down to EUR/JPY and GBP/JPY which will help direct the USD/JPY between Y80-Y83. Only a break of Y80 and lack of action of BOJ would change the outlook for the medium term.
The Japanese Yen (JPY) enjoyed a push higher in the USD/JPY and most crosses as the stock markets around soared. The outlook is mixed with the recent selling providing good value for long speculators and traders wary of getting caught short if the mood continues to brighten.
The Japanese Yen (JPY) the USD/JPY slumped in Asia as the Yen crosses fell sharply led by the EUR/JPY. The mood improved in the European and US sessions but the USD/JPY finished at day lows with an Y80 test likely in coming days. BOJ officials are expected to be vocal and we may see semi-official at the level buying to slow the decent
The Japanese Yen (JPY) the USD/JPY was caught by risk off selling on the crosses but did not fall much as the USD also strengthened and the BOJ tried to talk down the Yen. The Y80 level is close and the natural target for sellers and noted support.
Go to Japanese Yen (JPY) Archive



