USD/JPY's bias favors a bearish breakout, based on technical charts, StoneX's Matt Simpson says in a commentary. The one-hour chart shows the currency pair's bearish momentum quickening into its lows, the senior market analyst notes.
The so-called "cumulative volume delta" has stayed deeply negative, signaling most trades were bearish, Simpson says. While market participants should be on guard for near-term bounces of USD/JPY heading into the FOMC decision, the technical bias favours a bearish breakout overall, he says. A daily break beneath 145.75 opens up prospects of a further fall toward the 144.00 level, Simpson adds. USD/JPY is 0.1% lower at 146.28.
Source: Bloomberg.com
The USD/JPY pair weakened in Asian trading on Monday, hovering around 156.20 and briefly approaching 156.00. This weakening occurred after the Japanese Yen (JPY) strengthened, following signals from t...
The Japanese yen is the worst-performing major currency against the US dollar throughout 2025, despite the Bank of Japan (BOJ) raising interest rates. Even with further tightening measures, the yen co...
The Japanese yen weakened slightly during the Asian session on Wednesday, as investors remained cautious while awaiting the Bank of Japan (BoJ) policy update. Market focus now turns to the two-day BoJ...
The USD/JPY pair weakened to around 155.10 at the start of the Asian session on Tuesday. The yen strengthened slowly as markets became increasingly confident that the Bank of Japan (BoJ) would raise i...
The Japanese yen (JPY) remains under pressure and is trending slightly lower against the US dollar in the Asian session on Friday. Investors are concerned about Japan's increasingly strained financial...
Renewed tensions between the United States and Russia have resurfaced following an incident involving an oil tanker, sparking market concerns about potential disruptions to global energy supplies. Washington's move, associated with tightening...
Stephen Miran, a Federal Reserve governor whose term ends at the end of January, said Thursday that he is looking for 150 basis points of interest-rate cuts this year to boost the U.S. labor market. Miran told Bloomberg Television's Surveillance...
According to a report from the US Department of Labor (DOL) released on Thursday, the number of Americans filing new applications for unemployment insurance rose to 208,000 for the week ending January 3. This latest figure was lower than the...
Greenland is not only a strategic location, but also a world-class mineral repository. The island holds vast reserves of rare earth elements (REEs),...
Asian stock markets weakened slightly on Wednesday after posting their best start to the year in history. The decline was driven by a decline in...
Further changes to the Federal Reserve's short-term interest rate will need to be "finely tuned" to incoming data given the risks to both the U.S....
The world community must make clear that U.S. intervention in Venezuela is a violation of international law that makes the world less safe, the...