USD/JPY Weekly Analysis (week of 20-24/07)

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Jul. 24, 2020

At 105.65 Yen down to its lowest value in 4 months

(20:00) GMT

USD/JPY is dark red after losing 87 pips, tumbling down to 105.97.

This downslide might be related to financial indicators data published earlier as Data for United States Natural Gas Storage was released Thursday 2:30 PM is better than expected with 37B, but worse than previous figure of 45B. Data for United States Jobless Claims 4-Week Avg. was released Thursday 12:30 PM suggests a downwards trend with 1,360.25K, while previous data was 1,376.75K.

On the flip side, positive data for Yen released earlier when New data for United States Money Supply was released Thursday 12:30 PM comes out at 1,416K, beating projections of 1,300K and showing improvement over the preceding figure of 1,307K.

At the same time, interesting moves noted elsewhere when Pound is trading around 1.28 after starting the session at 1.2657 (up 1.13%). Euro/Pound is trading around 0.91 after starting the session at 0.904 (up 0.66%).

Jul. 23, 2020

After starting the day at 107.13, Dollar/Yen nudges to 106.86 (down 26 pips)

(22:00) GMT

USD/JPY remains in the 106.86 range after starting the session at 107.13 and dropping 26 pips.

This downslide might be related to financial indicators data published earlier as Data for United States Seevol Cushing Storage Report was released Wednesday 1:30 PM suggests a downwards trend with 0.769M, while previous data was 1.748M.

In contrast, positive data for Dollar/Yen reported earlier when Japan Purchasing Managers Index released Wednesday 12:30 AM with a figure of 45.2, this is better from previous number of 45.0. United States Home Sales released earlier shows an improvement to 4.72M from the preceding data of 3.91M, but falls short of the projected 4.78M.

At the same time, interesting moves noted elsewhere when Euro/Yen is trading around 123.9 after starting the session at 122.726 (up 0.96%). Euro/Pound is trading around 0.91 after starting the session at 0.904 (up 0.66%).

Jul. 22, 2020

Yen goes up to 107.14 (a 0.35% gain) after starting the day at 106.77

(22:00) GMT

USD/JPY rallied 37 pips (0.35%) deep into the session trading at 107.14.

Uptick comes while some more positive signs for Dollar/Yen are out as Japan Purchasing Managers Index released today at 12:30 AM with a figure of 45.2, this is better from previous number of 45.0. United States Home Sales released earlier shows an improvement to 4.72M from the preceding data of 3.91M, but falls short of the projected 4.78M.

Despite this, other data released earlier might suggest a different path as Data for United States Seevol Cushing Storage Report was released today at 1:30 PM suggests a downwards trend with 0.769M, while previous data was 1.748M.

In the meantime, interesting moves noted when Pound/Yen is trading around 136.36 after starting the session at 134.448 (up 1.42%). Euro/Yen is trading around 123.99 after starting the session at 122.25 (up 1.42%).

Jul. 21, 2020

After starting the day at 107.24, Yen retreats to 106.78 (down 45 pips)

(22:00) GMT

USD/JPY remains in the 106.78 range after starting the session at 107.24 and dropping 45 pips.

This downslide might be related to financial indicators data published earlier as Data for United States Redbook was released today at 12:55 PM suggests a downwards trend with -7.5%, while previous data was -5.5%. Down from preceding data of 0.145%, United States 3-Month Bill Auction is released with a new figure of 0.120%.

Nonetheless, encouraging indicators for Dollar/Yen published earlier when United States Chicago Fed National Activity (Jun) released today at 12:30 PM with a figure of 4.11, this is better from previous number of 3.50.

At the same time, interesting moves noted elsewhere when Pound/Dollar is trading around 1.27 after starting the session at 1.256 (up 1.11%). Pound/Yen is trading around 135.79 after starting the session at 134.448 (up 1.0%).

Jul. 20, 2020

Yen is trading around 107.25 after starting the day at 107.05 (up 0.19%)

(22:00) GMT

USD/JPY rallies 20 pips and maintains at 107.25 level.

This move comes while some more positive signs for Dollar/Yen are out as Japan Trade Balance released earlier shows an improvement to -268.8B from the preceding data of -838.2B, but falls short of the projected -35.8B. Japan Exports released earlier shows an improvement to -26.2% from the preceding data of -28.3%, but falls short of the projected -24.9%. New data for Japan Imports was released Sunday 11:50 PM comes out at -14.4%, beating projections of -16.8% and showing improvement over the preceding figure of -26.2%.

In the meantime, interesting moves noted when Euro/Pound is trading around 0.9 after starting the session at 0.9098 (down 98 pips). The Nasdaq is trading around 10767.092 after starting the session at 10503.2 (up 2.51%).