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Japanese Yen Forecast: USD/JPY Caught Between Key Levels at 152 and 155
USD/JPY is bouncing between two previous supposed “lines in the sand” for Japan’s Ministry of Finance at 152.00 and 155.00, but the risks may be tilted to more upside from here.
USD/JPY: Japan provides a big hint on what may prompt further BOJ yen intervention
Japanese officials had been warning for months that speculative moves in the Japanese yen would not be tolerated without elaborating on what exactly constituted a ‘speculative’ move. We may have just been provided the answer.
USD/JPY plunges 400 pips after suspected intervention
It was supposed to be a quiet day with Japan on a public holiday. Yet the initial rally to 160 may have irked central authorities enough to ditch their supposed day off, intervene and send USD/JPY 400-pips lower.
USD/JPY: Japan was just given every excuse to trigger BOJ intervention
If Japan’s Ministry of Finance (MOF) was looking for a trigger to instruct the Bank of Japan (BOJ) to intervene in currency markets, they were just provided a big one. Expect heightened near-term volatility in USD/JPY on Monday.
USD/JPY 155 in focus around US inflation, BOJ meeting: The Week Ahead
155 has become the latest 'glass ceiling' for the rapid rise of USD/JPY. And with a key US inflation report, BOJ meeting and potential for risk-off sentiment next week, this key level could be tested and prompt a response from Japan's central authorities.
Japanese Yen Forecast: USD/JPY Rally Nears 155 – Is the BOJ “The Boy Who Cried Wolf?”
For USD/JPY, the next test to watch will be at 155.00, and if the MOF/BOJ fail to act if USD/JPY breaches that level, traders may start to turn their eyes up to 160.00 next
USD/JPY upside looks compelling if not for the BOJ intervention threat
Whether you look at fundamentals or technicals, the case for USD/JPY is compelling. But the threat of BOJ intervention has not gone away, making for a tricky environment for traders to navigate. However, the volatility it generates creates multiple trade setups depending on your preferred timeframe.
AUD/JPY, EUR/JPY: Bearish breakout risk grows on BOJ intervention threat
AUD/JPY and EUR/JPY are sandwiched between range highs and uptrend support, meaning traders should be on alert for potential bearish and bullish breakout this week with big event risk in the United States and Europe approaching fast.
USD/JPY forecast: BOJ intervention risk, geopolitics cap upside despite US inflation threat
USD/JPY sits in a narrow trading range, sandwiched by bullish fundamentals and threat of intervention from the Bank of Japan to support the yen. The latter has reduced the odds of near-term upside for USD/JPY despite the release of important inflation updates in the United States this week.
USD/JPY: Selling rallies far easier than buying dips given the growing threat of BOJ intervention
With the threat of BOJ intervention elevated and seemingly increasing, buying USD/JPY right now screens as high risk and low reward. Selling rallies ahead of 152 looks a far stronger trade setup, especially when you consider how significant the US rates repricing has already been this year.
USD/JPY forecast: Stalemate looms on BOJ intervention threat, range trading favoured
The threat of intervention from the BOJ has increased, likely limiting upside for USD/JPY in the near to medium-term. But extremely wide interest rate differentials and buoyant markets suggest it shouldn’t be significantly lower. It points to a stalemate for yen bulls and bears but opens the door for traders to play existing ranges.
USD/JPY forecast: Japan’s weak yen headache risks becoming a full-blown migraine
Japanese officials are once again attempting to talk down the high-flying USD/JPY, arguing moves over the past few weeks do not reflect fundamentals but speculative activity. Sitting in a technical pattern that points the risk of substantial upside ahead, their weak yen headache may soon turn into a full-blown migraine.
Japanese yen slides post BOJ, do we need to be on intervention alert?
The fact that the yen was broadly weaker following the BOJ's historic hike shows that it was not only priced in, but traders wanted more. Yet the rapid weakness of the yen brings back a familiar question; will the BOJ begin verbal intervention?
USD/JPY analysis: What’s next for JPY and USD amid diverging policies?
Will the yen make a comeback with BoJ finally ending negative rates? Attention now turns to FOMC policy decision, with traders expecting the median dot plots to point to 2 rate cuts in 2024 – but is a hawkish Fed already priced in? USD/JPY technical analysis points higher, but do watch out for a potential false breakout.
USD/JPY, Nikkei 225: BOJ scraps negative rates but not bond buys, pressuring yen
A historic day for Japanese markets with the Bank of Japan (BOJ) hiking interest rates for the first time since 2007, doing away with negative interest rates in the process. It’s now over to the Fed to drive the price action over the remainder of the week.
USD/JPY analysis: BoJ and FOMC Meetings Key Focus in Financial Markets – Currency Pair of the Week
The USD/JPY will face a major test in the week ahead, with both the Bank of Japan and US Federal Reserve set to make monetary policy decisions a day apart. The USD/JPY has managed to recover strongly, rising from around 146.50 to above 149.00 in a few days. The recovery has been driven in part because of a rebound in bond yields a stronger dollar.
Nikkei 225 longs favoured into BOJ and Fed rate decisions, Nvidia GPU conference
Recent price action in Nikkei 225 futures points to upside risks this week, indicating confidence among traders that even with major events such as rate decisions from the Bank of Japan and Federal Reserve, along with Nvidia’s GPU Technology Conference, the bull market that helped propel the underlying index to record highs is anything but finished.
USD/JPY Forecast: BOJ and Fed Enter the Arena, Yields in Focus
USD/JPY's key technical levels to watch in the coming days include possible resistance at 149.70 and 151.00, with support down at 148.70 and 145.85.
Central Bank galore with BOJ, Fed, BOE, SNB and RBA on tap: The Week Ahead
It is a monster week ahead for traders with a key focus on central banks, with BOJ, Fed, BOE and RBA meetings on the menu.
Japanese Yen Forecast: USD/JPY, EUR/JPY, and GBP/JPY in Play Ahead of BOJ
The long-awaited results from the Japan’s spring wage negotiations are winding down, and the results are generally what the BOJ wanted to see to exit its ultra-accommodative monetary policy. See the key levels to watch on USD/JPY, EUR/JPY, and GBP/JPY!
USD/JPY: Intensifying disinflationary pulse pressures BOJ rate hike ambitions
Underlying disinflationary pressures in Tokyo intensified last month, pointing to the likelihood of similar trends nationally and underscoring the need for wage growth to reach sufficient levels to boost flagging consumer demand.
USD/JPY forecast: What sparks fresh highs when conditions are already exceptionally good?
USD/JPY remains supported on dips but where does the next leg higher come from? The US rate outlook has adjusted substantially, pushing yields rapidly higher. With risk appetite nearing euphoric levels, it begs the question: will conditions get any better for bulls than now?
USD/JPY, Nikkei 225: BOJ negative rate watch shouldn’t rank highly for traders
Focusing on whether the Bank of Japan (BOJ) will scrap negative interest rates should be low on the list of priorities for USD/JPY traders to consider right now. It’s not as important as it’s portrayed to be, creating plenty of noise for an event that could pass without generating significant market volatility.