USD JPY

Having fallen over 5% from the November high already, the two days of indecision around support alongside a bullish divergence suggest USD/JPY could be vulnerable to some bullish mean reversion.

The US Dollar finally pulled back from its aggressive Q4 breakout move, and this was fueled by the strongest weekly outing in EUR/USD in two years with last week’s bounce.

Both USD/JPY and EUR/JPY have sold off over the past week and with the BoJ policy review expected in a couple of weeks, Yen-strength scenarios seem to be gaining steam.

EUR/USD and AUD/USD are heading into their strongest month, hinting at rally potential after November drops.

With a jam-packed calendar this week, including, ISM Manufacturing and Services PMIs, the closely watched JOLTS Job Openings report, and the monthly Non-Farm Payrolls report to come, traders are bracing for volatility. These data points are expected to influence the USD/JPY forecast, especially with both the Fed and BoJ policy decisions looming in December.

We may have seen an important swing low on the yen looking at the change of speculative market positioning. And that could see a much deeper pullback on USD/JPY.

A bullish breakout in US bonds has sent USD/JPY tumbling below 150, with payrolls now poised to decide whether the yen’s surge gains momentum or fizzles out. Could this be the pivotal moment for bond markets and the Fed's rate path?

EUR/USD rises cautiously ahead of German GFK data & post-Fed minutes. USD/JPY falls to a 3-week low ahead of US core PCE data.

USD/JPY bulls are on the back foot as US bond yields retreat, triggering a key technical break. With Scott Bessent’s bold fiscal plan easing fears and Fed rate cut bets fading, the pair now skews firmly to the downside.

It’s been a fast-evolving market since the Presidential election three weeks ago. But stocks remain higher, Bitcoin has put in a major move and gold is on its back foot.

USD/JPY set a lower-high last week even as DXY spiked up to a fresh two-year-high. And there’s now a short-term descending triangle formation setting up in the pair.

Sr. Technical Strategist Michael Boutros highlights the levels that matter on the USD Majors, commodities & stocks into the weekly open.

While traders pushed net-long exposure to the USD to a 20-week high, there is also been a notable pickup of long yen bets. They're also piling into EUR/USD shorts, which is why I continue to suspect USD/JPY and EUR/USD may converge and move lower.

USD/JPY's rally faces a critical test as diminishing Fed rate bets threaten to stall the relentless rise in US bond yields. With key data and FOMC minutes on tap, could this be the week the bulls lose their grip?

The decline in USD/JPY may curb the threat of a currency intervention as the rally following the US election seems to be unraveling.

Traders are now pricing in 50/50 odds for both a BOJ rate hike and a Fed rate cut in December, setting USD/JPY up for volatility around key economic reports.