Will Powell Cause a Market Tantrum?

That is playing out now, with rates and bond traders two or three steps ahead of central banks. With that in mind, I wanted to explore tomorrow’s (midnight AEST) testimony from Fed chair Jerome Powell to the House Financial Services…

USD/JPY Price Forecast – US dollar rallies to open week

The US dollar has rallied again during early trading on Monday, reaching towards the ¥108.50 level. At this point, the market looks as if it is trying to reach towards the 50 day EMA above, and if we can break…

USD/JPY Fundamental Weekly Forecast – Powell Likely to Reiterate “Wait and See” Approach

The Dollar/Yen posted a higher close last week with most of the strength driven by aggressive short-covering in reaction to a shift in sentiment toward Federal Reserve monetary policy and the widening of the interest differential between U.S. Government bond…

USD/JPY Forex Technical Analysis – Trend Changed to Up with 108.726 to 109.186 Next Major Upside Target Zone

The Dollar/Yen is trading sharply higher at the mid-session on Friday in reaction to a surge in the 10-year U.S. Treasury note yield back above 2%. The catalyst behind the move was the government’s monthly jobs report that showed much…

USD/JPY Weekly Price Forecast – US dollar show strength for the week

The US dollar has initially gapped higher to kick off the week, but then pulled back a bit to look for buyers underneath. Ultimately, we have turned around to reach towards the 100 a .60 level, which is a very…

USD/JPY Forex Technical Analysis – July 5, 2019 Forecast

The Dollar/Yen is edging higher early Friday well ahead of the release of the U.S. Non-Farm Payrolls report at 12:30 GMT. We could be looking at position-squaring ahead of the report, or early signs that investors have fully priced in…

USD/JPY Fundamental Daily Forecast – Being Pressured by Falling U.S., German Yields

The Dollar/Yen is trading lower on Wednesday. The price action continues to be controlled by the direction of global interest rates, particularly U.S. Treasury yields and German bund yields. Basically, concerns over global economic weakness has traders worried again and…

USD/JPY Forex Technical Analysis – July 3, 2019 Forecast

The Dollar/Yen is trading sharply lower for a second consecutive session early Wednesday with the selling pressure being driven by increasing demand for the safe-haven Japanese Yen. The move is a complete turnaround from Monday’s “gap and go” rally which…

USD/JPY Forex Technical Analysis – July 2, 2019 Forecast

The Dollar/Yen closed sharply higher on Monday after a “gap and go” opening. The rally was all about the widening of the interest rate differential between U.S. Government bonds and Japanese Government bonds and an easing of demand for safe-haven…

Risk Green Light at the Open, But Amber is Flashing at the Next Interchange

G20 ended as well as anyone expected and, fortunately, we were spared any unpleasant surprises, but the biggest question on everyone mind is will any armistice stick or will history repeat, and trade war gridlock set in.? The markets G-20…

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