USD/JPY Live News

USD/JPY recovered back to 103.87 after dipping down to 103.87 in a session that started at 103.82.

This limbo state for the Yen is reflected by market data published as United States Core Retail Sales fell short of the -0.1 projections, at -1.4 and continued its downward trajectory from the previous figure of -1.3. United States Retail Sales released earlier shows an improvement to -0.7 from the preceding data of -1.4, but falls short of the projected -0.2. The United States Producer Price Index released earlier shows an improvement to 0.3 from the preceding data of 0.1, but falls short of the projected 0.4.

While the dollar/yen was pretty flat today, mixed performance were seen elsewhere as the Euro/Pound fell to 0.8871, hitting a 7 month low. The Pound/Yen rallied beyond 142.12 for the first time in 10 months.

The dollar/yen is climbing away and is now 116 pips from the 102.71 support line. At 103.7, dollar/yen made an initial breakout below the 5 day Simple Moving Average. The upper Bollinger band is at 104.26, indicating a downward move might be next. Overall, looking at the technical analysis landscape, it seems the Dollar/Yen might be pointing down in the short term.

This limbo state for the Yen is reflected by market data published as United States Initial Jobless Claims fell short of the 795,000 projections, at 965,000 and continued its downward trajectory from the previous figure of 784,000. United States Crude Oil Inventories released earlier showed an improvement to -3.25 million from the preceding data of -8.01 million, but falls short of the projected -2.27 million. Data for the United States Export Price Index released today at 1:30 PM came out at 1.1, beating projections of 0.4 and showing improvement over the preceding figure of 0.7.

The Yen is getting closer and is now only 109 pips from the support line at 102.71. Dipping below it might indicate further losses are ahead. The upper Bollinger band is at 104.19, indicating a downward move might be next. Overall, the technical analysis suggests the Yen is neutral for the immediate future, with no clear-cut direction.

Data to be released later might clear up some of the fog for the Dollar/Yen as Japan BoJ Governor Kuroda's speech is scheduled to come out today at 11:50 PM. The Japan Tertiary Industry Activity Index (MoM) scheduled to come out tomorrow at 4:30 AM. Japan CFTC JPY speculative net positions are expected tomorrow at 8:30 PM.

This in-between state for Dollar/Yen is reflected by market data published as United States Crude Oil Inventories released earlier, shows an improvement to -3.25 million from the preceding data of -8.01 million, but falls short of the projected -2.27 million. United States Core Consumer Prices matched expectations with a new data release of 0.1. This is a step backward from the previous data of 0.2. Data for United States JOLTs Job Openings (Nov) was released yesterday at 3:00 PM, suggests a downwards trend with 6.53 million, while previous data was 6.63 million.

The Dollar/Yen resistance level is at 104.52. The upper Bollinger band is at 104.15, indicating a downward move might be next. Overall, looking at the technical analysis landscape, it seems the Dollar/Yen might be pointing down in the short term.

Data to be released later might clear up some of the fog for the Yen as United States Initial Jobless Claims are projected to outperform the last figure at 780,000, while it previously stood at 787,000, figure will be published tomorrow at 1:30 PM. United States Fed Chair Powell's speech will be released tomorrow at 5:30 PM. The United States Import Price Index is projected to outperform last figure with 0.6 while it previously stood at 0.1, data will be released tomorrow at 1:30 PM.

After starting the day at 104.21, USD/JPY rallied to 104.33, hitting its highest point in 5 weeks, It later lost 57 pips and is now trading at 103.76

This downslide might be related to financial indicators data published earlier as Data for United States JOLTs Job Openings (Nov) was released today at 3:00 PM suggests a downwards trend of 6.53 million, while previous data was 6.63 million.

Meanwhile, Japan Current Account released yesterday at 11:50 PM is better than expected at 1.88 trillion but down from preceding data of 2.15 trillion according to new data. Japan Adjusted Current Account was released yesterday at 11:50 PM with a figure of 2.34 trillion, This is better than the previous number of 1.98 trillion.

The Dollar/Yen is getting closer and is now only 104 pips from the support line at 102.71. Dipping below it might indicate further losses are ahead. The CCI indicator is above 100, indicating a possible start of a new uptrend. The upper Bollinger band was at 104.13, indicating a further downward move might be next. Overall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems the Yen might reverse course and start pointing upward in the short term.

The market will be looking forward to the upcoming release of the following indicators: United States Crude Oil Inventories are projected to outperform the last figure at -2.72 million while it previously stood at -8.01 million, data will be released tomorrow at 3:30 PM. United States Core Consumer Prices are projected to come out at 0.1 – worse than previous data of 0.2, Data will be released tomorrow at 1:30 PM. The United States Consumer Price Index is projected to outperform the last figure with 0.4, while it previously stood at 0.2, data will be released tomorrow at 1:30 PM. The United States Federal Budget Balance (Dec) expected to decline to -200.00 billion, while its preceding data was -145.00 billion, Data will be available tomorrow at 7:00 PM.

Dollar/Yen social media highlights:

After starting at 103.95, USD/JPY gained 26 pips and traded above the 104 level for the first time in 4 weeks.

The dollar/yen is getting closer and is now only 31 pips from the resistance line at 104.52, Crossing it might suggest further gains are ahead. The CCI indicator is above 100, indicating a possible start of a new uptrend. Yen has just crossed the upper Bollinger band at 104.17, indicating further gains might be next. Overall, looking at the technical analysis landscape, it seems the Dollar/Yen likely to continue pointing upward in the short term.

The market is looking forward to Today at 11:50 PM, data for Japan Current Account will be released, with an expected decline to 1.55 trillion from the preceding figure of 2.15 trillion. The United States EIA Short-Term Energy Outlook is expected tomorrow at 12:00 PM. United States JOLTs Job Openings (Nov) scheduled to come out tomorrow at 3:00 PM. The United States 10-Year Note Auction is scheduled to come out tomorrow at 6:00 PM.

Yen social media highlights: