Japanese yen

In the last two trading sessions, the Japanese yen has strengthened by more than 1.5% against the U.S. dollar and USD/JPY is falling back below the 145 yen per dollar level.

USD/JPY is poised to snap a three-day winning streak with price reversing sharply off technical resistance. Battle lines drawn on the short-term technical charts.

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 rallied nearly 6.3% off the yearly low with the advance faltering this week at the yearly downtrend. Battle lines drawn on the short-term technical charts.

Japanese Yen is on the defensive as a four-week rally in USD/JPY struggles at technical resistance. Battle lines drawn on the USD/JPY weekly chart.

Both USD and USD/JPY have started off the week with significant strength and the question now is whether bulls can continue driving reversals amidst a heavy week of data.

Optimism of US-China trade talks and an announcement of stimulus from Beijing weighed on the Japanese yen in early Asian trade, with AUD/JPY taking the best advantage of the situation. And that provides a strong clue to the potential outperformer, should US -China trade talks end well.

Today, the Japanese yen appreciated by nearly 1% against the U.S. dollar, introducing a notable bearish bias in the current movements of the USD/JPY pair.

The BoJ held rates at 0.5% as expected, but trade risks cloud the outlook. USD/JPY and GBP/JPY rally, with bulls eyeing 145 and 193 respectively.