JPY

Despite the sharp declines seen in USD/JPY in recent sessions, a recovery of nearly 1% has been observed, favoring the U.S. dollar.

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.

One day after the Federal Reserve’s decision, USD/JPY remains neutral, with a daily variation of less than 0.5% in the last few trading hours.

USD/JPY has been in a grinding bear trend for much of the year, but that doesn’t mean that it’s been a simple matter for traders.

USD/JPY has been in a consistent sell-off for most of the year, but sellers still haven’t been able to run a breakdown resembling last summer’s carry unwind event.

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.

USD/JPY traded below the 150.00 level for the first time in more than two months. If the trend continues there could be repercussions in several markets.

USD/JPY has shown a higher-low on the daily chart and at this point it seems to have evaded much of the tariff drama that’s engulfed other USD-pairs.

USD/JPY has lost nearly 1% of its value over the last two trading sessions, allowing the Japanese yen to regain ground against the U.S. dollar.

Yen-weakness is showing prominently against both the Euro and British Pound after the BoJ rate hike, and USD/JPY has held a major spot of support at 155.00.