|Day's range||107.19 - 107.715|
|52-week range||106.7760 - 114.5110|
Investing.com - The U.S. dollar inched up on Friday in Asia even after Federal Reserve officials bolstered expectations of an aggressive rate cut this month.
The US dollar pulled back a bit against the Japanese yen during the trading session on Thursday but found enough support at the 61.8% Fibonacci retracement level to bounce significantly.
The British pound initially fell against the Japanese yen during the trading session on Thursday but turned around to bounce rather significantly. That of course is a good sign, and it looks as if we are going to go testing a major figure just above.
The ingredients are in place for the USDJPY to cement its position as one of the liveliest FX pairs on the radars of investors heading into the second half of 2019.
Based on the early price action, the direction of the September U.S. Dollar Index the rest of the session is likely to be determined by trader reaction to the pivot at 96.740.
It was a mixed bag on the data front in Asia as Japan sees exports tumble. Corporate earnings also disappointed as trade war angst returns…
Investing.com - The U.S. dollar slipped on Thursday after the International Monetary Fund (IMF) said the currency is overvalued, while a rebound in the pound also weighed.
The US dollar initially dipped higher during the trading session on Wednesday, and then turned around of form a bit of a hammer. Ultimately, that is a good sign as it looks like we are building up more upward pressure.
The British pound fell a bit during the trading session on Wednesday, but then turned around to rally a bit. It looks as if breaking below the ¥135 level could kick off a bigger move though.
Investing.com - The U.S. dollar dipped slightly on Wednesday but still remained near one-week highs after the International Monetary Fund said the greenback is overvalued.
It’s a quiet day on the economic calendar, which will leave the Pound in the spotlight. Brexit woes continue to trouble the Pound, which is on the slide this morning…
The British pound broke down during the trading session on Tuesday, slicing through the vital ¥135 level. This is an area that of course has a certain amount of psychological importance to it and has offered support in the past. At this point, it looks like we could wipe out the entire move.
The rising threat of a no-deal Brexit has made the British Pound the worst performing G10 currency today with the GBPUSD tumbling to levels not seen in 27 months – below 1.2420.
Investing.com - The U.S. dollar was higher on Tuesday after stronger-than-expected retail sales showed the economy was healthy, even as the Federal Reserve is expected to cut interest rates.
The British pound gapped lower to kick off the week, turned around to rally through that gap, and then fell again. Ultimately, this is a market that shows extreme weakness, as we are pressing major support just below.
The Dollar is entering the trading week looking quite shaky and vulnerable as expectations mount over the Federal Reserve cutting interest rates this month.
Investing.com - The U.S. dollar rose on Monday, as manufacturing activity in New York posted its biggest increase in more than two years.
USD/JPY traders should also pay attention to the Fed speakers this week. In June, Fed policymakers voted 9 to 1 to leave rates unchanged. St. Louis Fed President James Bullard voted for a rate cut. He has already said since then that 50-basis point rate cut is too excessive.
Investing.com - The U.S. dollar was near flat on Monday in Asia as rising inflation failed to deter expectations that the Federal Reserve will cut interest rate this month.
Based on Friday’s close at 107.900, the direction of the USD/JPY on Monday is likely to be determined by trader reaction to the short-term 50% level at 107.883.
Will President Donald Trump put the government’s money where his mouth is in an effort to quench his desire for a weaker U.S. dollar? Analysts at Goldman Sachs say it’s still unlikely, but the risk is rising.
The June US YoY Producer Price Index (PPI) that excludes Food and Energy reported a 0.1% rise over estimates. The robust 108.65 resistance acted as the robust barrier, disallowing any further arouses in the Ninja.
The US dollar went back and forth against the Japanese yen for the week, showing signs of extraordinarily volatile attitude. The ¥180 level has offered support during the week, proceeded buying a hammer on the weekly candle stick chart.
The British pound went back and forth during the course of the week, showing a bit of a neutral candle. At this point, the ¥135 level underneath is support, as it is psychologically important. However, all things being equal it’s obvious that the market is trying to find a bottom.