USD/JPY News
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On this page you can find all the latest USD/JPY news written by the FX Empire expert analysts. Make sure to keep updated with all the latest events which effect the USD/JPY market.
102.740
0.46 (0.45%)
10:57:24 (GMT)
Bid 102.710
Ask
102.760
Open
102.280
High
102.830
Low
102.070
May 21, 2013| FX Empire Analyst - Barry Norman
FOMC Evans Shakes Up The Forex Market
The US dollar slipped a bit late in the day on Monday and is trading flat this morning. It was an extremely quiet day with low volumes as the equities market seemed to be all ablaze about the 1.1 billion dollar Tumblr deal. Traders had pushed gold down by $20.00 in the Asian session trying to test the 1321 support levels. The US dollar continued to trade in the 84.00 range. Chicago Federal Reserve President Evans was scheduled to speak...
May 20, 2013| FX Empire Analyst - Barry Norman
Global Chatter Centers On The US Dollar
Global chatter over the weekend was focused on the strength of the US dollar, the US economic recovery and the US Fed asset purchase program. The US dollar rose to its highest level in nearly 3-years versus a basket of currencies and notched its highest level versus the Japanese yen since October 2008, on growing anticipation that the Federal Reserve will move to wind down its bond-buying program and an unexpectedly strong rise in consumer sentiment. The dollar index, which...
May 17, 2013| FX Empire Analyst - Barry Norman
The Greenback Trumps The Currency Markets
The dollar index, which measures greenback’s movement against six other major currencies, was at 83.758 in recent trade compared with 83.795 on late Wednesday. The dollar was near a 6-week high against the euro and a 4-1/2-year peak against the yen, on prospects of more monetary easing in the euro zone and scaled back asset buying in the United States. The US dollar recovered on Friday morning to trade above 84.04 after Federal Reserve Members support tapering off asset purchases,...
May 16, 2013| FX Empire Analyst - Barry Norman
Global Currencies Under Pressure From The Greenback
The US dollar remained higher, despite weaker data on New York State’s manufacturing sector and US wholesale prices. The ICE dollar index, which measures the greenback’s movement against six other major currencies, traded at 83.795 on Wednesday compared with 83.575 on late Tuesday. Yesterday the US dollar moved above the 84.00 price and is trading this morning at 83.94. The euro dropped to a 6-week low against the US dollar on a closing basis, fell after quarterly economic reports from...
May 15, 2013| FX Empire Analyst - Barry Norman
The Strength Of The Greenback Over Powers Global Currencies
The euro finally fell to close below the 1.2950 level. Late in the day Fitch rating services, raised Greece’s credit rating but this positive news was not enough to support a climb in the euro. The US dollar strength continues heading towards the 84 price level. US data showed that small business confidence soared above expectations, which continues to reinforce the theory that the US Fed will reduce or halt their asset purchases in the near future. The euro group...
May 15, 2013| FX Empire Analyst - Barry Norman
Gold Trading A Bit Confusing
Gold prices were down this morning as optimism over economic recovery in strong US equity markets hurt gold’s safe haven appeal. U.S. stocks rose, sending the S&P’s 500 Index to its eighth record high in the past nine sessions, on increased optimism over growth in the world’s largest economy. It seems that the primary conversation these days is focused on the US Fed and their asset purchases. As the strength of the US dollar trampled over its crosses, the JPY...
May 14, 2013| FX Empire Analyst - Barry Norman
Currency Markets Trade Quietly
Wall Street showed a lack of direction on Monday after moving modestly lower in early trading. Upbeat retail sales data released by the commerce department helped to limit the early downside. The Commerce Department said retail sales inched up by 0.1% in April following a revised 0.5% decrease in March. The modest increase in retail sales surprised economists, who had expected it to dip by 0.3%. By the end of the day equities had edged up a bit to end...
May 13, 2013| FX Empire Analyst - Barry Norman
The Strong US Dollar Weighs On The Majors
The big market news today is the pass given the Japanese government by the G7 at the conclusion of their summit. The G7 was expected to support individual nation’s rights to stimulate their economy and push growth. The G7 agreed that the decline of the yen was a result of economic stimulus and not currency manipulation. Although many export countries as upset as buyers move to Japan leaving European and South Korean products at the factory. The yen fell past...
May 10, 2013| FX Empire Analyst - Barry Norman
Currency Traders Respond To Strong US Data & Monetary Stimulus Rumors
The left-wing opposition politician who was Germany's finance minister when the euro was adopted says it's time to think about abandoning the common currency in the wake of the enormous economic problems in southern Europe. The euro fell against the dollar on Thursday, after two days of gains, hurt partly by a weaker than-expected Spanish debt auction that served as a reminder to investors that the outlook for the euro zone's weaker nations remained uncertain. The euro is trading at 1.3040 after...
May 10, 2013| FX Empire Analyst - Barry Norman
Crude Oil Dealing With Middle East Tensions & Strong USD
A stronger dollar against the euro and yen weighed on crude prices which was also pressured by falling Chinese factory prices which were down for a 14th consecutive month, denting the outlook for demand in the country. However, the downside was limited due to lower than expected unemployment claims which strengthened signs of improving labor market conditions in US and supported crude. Crude oil is trading at 96.17 giving back 23 cents this morning in the Asian session. Crude was...
May 10, 2013| FX Empire Analyst - Barry Norman
Gold and Silver Fall After Strong Jobs Data
Gold is trading at 1459.85 down by 8.75 this morning following a market shift in the late North American trading session. Data released yesterday showed an ongoing improving in the US jobs market which helped strengthen the greenback. Later in the day, FOMC member Plosser indicated that the Fed might consider reducing its monthly asset purchases as signs show a significant recover in the jobs market. Earlier this year, the FOMC tied its monetary stimulus directly to the jobs and...
May 08, 2013| FX Empire Analyst - Barry Norman
Global currency markets are somewhat subdued
Global equities trading activity was somewhat subdued, US stocks moved mostly higher over the course of the trading day on Tuesday. The gains on the day extended the upward trend that has been shown by the markets over the past few weeks. The Dow broke the 15,000 level for the first time. With no major economic news being released, last Friday's better than expected jobs report seems to still be on the minds of traders. Meanwhile, the European stock markets...
May 07, 2013| FX Empire Analyst - Barry Norman
Tuesday Morning Currency and Market Round Up
On Monday, global markets seemed to be on holiday. With the FTSE closed for a bank holiday and Japan ending the Golden Week celebrations traders around the world seemed to enjoy a breather after last week’s barrage of central banks and economic data. The S&P 500 managed to close at a record high Monday, boosted by gains in Bank of America and Apple. The benchmark index finished the day at a record close of 1,617.51. Earlier, it climbed as high...
May 06, 2013| FX Empire Analyst - Barry Norman
Buffett, Bernanke and Banks
Global equity markets kick off the week on a positive note, energized by new highs, and less concerned about the economic headwinds that have been worrying markets. This week, the pace of the earnings season will be slower, but there are still dozens of S&P 500 companies, including entertainment companies like Disney and News Corp, and energy names like Marathon Oil, Anadarko and Holly Frontier. Whole Foods and Groupon also report. Berkshire Hathaway held its annual meeting Saturday, and investors...
May 03, 2013| FX Empire Analyst - Barry Norman
Forex Traders Wait On The NonFarm Payroll Release
The Japanese market is closed today for the Golden Week holiday. The Golden Week is a collection of four national holidays within seven days. In combination with well placed weekends, the Golden Week becomes one of Japan's three busiest holiday seasons This will keep the volume and news flow to a minimum, the JPY is trading at 98.02 gaining 7 pips this morning. Corrective declines could halt at 97.38 or at 95.80 levels. Alternatively A decisive close above 100 can only extend its rallies...
May 01, 2013| FX Empire Analyst - Barry Norman
The Bank of Japan’s Aggressive Monetary Policy Yeilding Results
The Bank of Japan’s aggressive stimulus policy is just a month old, although the previous administration had already started on a path of stimulus, just not as aggressive as the current central bank leadership. Prime Minister Abe promised the Japanese people that he would do everything he could to turn 20 years of deflation into inflation. Abe has set course of a very aggressive growth policy. Revisiting budgets, pushing the BoJ to its limits and initiating new development plans and...
May 01, 2013| FX Empire Analyst - Barry Norman
Currency Markets Play The Central Bank Guessing Game
This morning currency and precious metals traders are all dug in based on their expectations from the US Federal Open Market Committee, the committee that sets interest rates and monetary policy for the US Federal Reserve. Their two day meeting will conclude later today with a simple rate decision and statement. Earlier in April speculators were wondering if the Fed at this meeting would reduce or terminate their asset purchase plan. Most Fed watchers were betting that the Fed would...
April 30, 2013| FX Empire Analyst - Barry Norman
USDJPY AND EURUSD FOCUS ON CENTRAL BANK MEETINGS
Although the eurozone’s confidence numbers came in lower, the euro appreciated by 0.53%, closing at 1.3099. European equities also closed on a stronger note. The euro gave back a bit of yesterday’s gains to trade at 1.3096. During the European session, weak economic data expectations from the euro-zone and Germany which might pressurize the euro. From the US, consumer confidence number is likely to improve due to a recovery in the US economy which may support the dollar. While all...
April 26, 2013| FX Empire Analyst - Barry Norman
The Japanese Yen Waits On The Bank Of Japan Decision & Outlook
Traders this morning are eagerly awaiting the conclusion and the release of the Bank of Japan’s outlook report which might see the yen break the 100 level. Traders have been reluctant to break the all-important resistance level. Data released this morning showed that consumer prices have not increased but in fact have declined as the BoJ injects huge monetary stimulus into the economy to move from the 20 deflationary period to meet its 2% target. The bank and the government...
April 25, 2013| FX Empire Analyst - Barry Norman
Forex Fundamentals In Play Today
The ECB will cut its key interest rate to a record low next week as the euro- region economy slumps, according to banks including Nomura International Plc., UBS AG and Royal Bank of Scotland Group Plc. Now how could this many analysts be wrong? If anyone thinks they can out guess Mr. Draghi good luck to them. Economists forecast a reduction for May after gauges of manufacturing and services activity for April underscored weakness in output. Germany’s Ifo index of...
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