EUR JPY

USD/JPY has started recovery from last week’s sell-off and is now re-testing a major level at 145.00.

USD/JPY is trying to break a streak of seven consecutive red days, but surging Japanese yields brings the question as to whether macro forces may take over for the currency.

The EUR/JPY forecast has become increasingly tricky to pin down, caught between global bond market turmoil and the eurozone’s own set of macroeconomic challenges. But the path of least resistance is starting to tilt to the downside again.

USD/JPY started the week with a strong breakout but that’s snapped back over the past three days, bringing with it questions around the trend in JPY.

USD strength has continued in the aftermath of the FOMC press conference yesterday, and USD/JPY is looking especially strong with a test of fresh highs.

USD/JPY tested a major level earlier this week but, so far, it’s held as support. EUR/JPY and GBP/JPY present compelling backdrops on each side of the Japanese Yen.

EUR/USD stalled by the pair has held up better than both EUR/JPY and EUR/GBP. This article looks at the single currency in three pairs for the week ahead.

USD/JPY has put in a support bounce at a big spot on the chart following last Friday’s bearish engulf. GBP/JPY is of interest for JPY-weakness, and EUR/JPY for JPY-strength.

Yen weakness has continued to show, and USD/JPY has jumped up to a key Fibonacci level on the way to fresh three-week highs.

USD/JPY was on the verge of breakdown last week, but the pair has popped back above 150.00, which remains a critical level in the pair.

A potential bearish reversal pattern on EUR/JPY I flagged in December could be on the cusp of being confirmed. We just need the bearish follow through.