JPY

USDJPY Technical Analysis – The JPY remains the weakest among the majors

• The USDJPY pair failed to sustain the break below a major trendline and eventually rallied back above it. What’s next?

USD/JPY runs back the other way, buyers back in near-term control

• It's shaping up to be a back and forth week for USD/JPY so far

Japan’s exports in October rebounded from a 43-month low - recap

• US trade policies pose risks ahead

"Yen Weakens as Japan’s Verbal Warnings Appear to Be Losing Effectiveness"

• Wall Street Journal with a pithy run down on what ails JPY

Japan October trade balance -461bn yen (expected -360bn yen)

• Japan trade data for October 2024

Putting the EURJPY volatile price action in your favor.

• The EURJPY has been moving up and down with large swings over the last 3 days of trading. THe price is back up testing a resistance area. Is it time to sell again?

USD/JPY remains very much connected to the yields story for now

• The post-election run meets a pause as the move higher in Treasury yields also stall

"BOJ to bid farewell to stimulus era, justify rate hikes in policy review"

• The Bank of Japan will release findings of its policy review on December 19

MUFG says Japan rate increases will accelerate, due to more inflation pressure

• MUFG Chairman comments

Japan finance minister Kato - will continue to take action on excessive FX moves

• Kato late to the game today

Japanese Economic Revitalisation Minister Akazawa says crucial to boost pay

• Spoke also on the economic package

USD/JPY drops towards 154.00

USD/JPY 160 level - potential BOJ intervention, rate hike

• Citi and MUFG anticipate USD/JPY hitting 160 with intervention risk if breached. BoJ may hike rates in January after strong Q3 GDP data.

ICYMI - Citi base case is for no USD/JPY intervention before 160

• Above 160 ratchets up the probability of a 50bp December Bank of Japan rate hike too

USDJPY Technical Analysis – The market looks fine with the current pricing

• The USDJPY pair pulled back into a major trendline as the US Dollar failed to extend the gains on hot inflation readings and a less dovish Powell. What’s next?