Monetary policy’s transmission channel may change in a rapidly changing world

“Monetary policy’s transmission channel may change in a rapidly changing world with uncertainties,” said Bank of Japan (BOJ) Governor Haruhiko Kuroda per video released by BIS of panel held in basel June 26. More comments Japan core CPI excluding fresh food reached 2.1% in April and may, almost wholly due to international energy price increases. … Read more

A lurking rising wedge could open the door towards 132.00

The USD/JPY extends its weekly gains to 0.74% on Tuesday. Falling US Treasury yields capped any U¨SD/JPY’s attempts towards the YTD highs near 136.70s. A rising wedge in the USD/JPY daily chart looms; if it plays out, it will send the pair tumbling towards 132.00. The USD/JPY extends its string of days, advancing to three … Read more

USD/JPY struggles around 135.50 ahead of US Consumer Confidence

USD/JPY is failing to surpass 135.50 as the DXY is trading lackluster. The US Consumer Confidence will bring a significant action in the asset. A mixed performance is expected from Japan’s Retail Trade. The USD/JPY pair has slipped below 135.40 after struggling to overstep the critical hurdle of 135.50 multiple times on Monday. On a … Read more

USD/JPY climbs back above 135.00 mark, lacks follow-through amid modest USD weakness

A combination of factors assisted USD/JPY to reverse modest intraday losses on Monday. A positive risk toned the safe-haven JPY amid the Fed-BoJ policy divergence. Weaker USD failed to inspire bullish traders or provide any additional boost to the major. The USD/JPY pair attracted some dip-buying on the first day of a new week and … Read more

USD/CAD stables below 1.2900 as investors await weak US Durable Goods Orders

USD/CAD is establishing below 1.2900 on an expectation of weak performance from the DXY. A downbeat US Durable Goods Orders after weak PMI figures will drag the greenback bulls. Oil prices are displaying a minor rebound, downside remains favored on soaring recession fears. The USD/CAD pair is auctioning below the round-level support of 1.2900 on … Read more

USD/JPY recovers modest intraday losses, retakes 135.00 amid risk-on/rising US bond yields

A combination of factors assisted USD/JPY to attract some buying near the 134.35 area on Friday. The risk-on impulse, widening of the US-Japanese yield differential weighed on the safe-haven JPY. The Fed-BoJ policy diversion suggests that the pullback from a 24-year high has run its course. The USD/JPY pair attracted some buying near the 134.35 … Read more

Loss of upside momentum looks imminent

Bearish negative diversion on the RSI (14) is indicating exhaustion in the upside move. The greenback bulls have defended the 10-EMA at 134.69. The 20-EMA is still scaling higher untouched and is favoring a bullish bias. The USD/JPY pair is displaying wild moves after the release of Japan’s Inflation. The asset is facing barricades around … Read more

USD/JPY tumbles under 135.00 after weaker than expected US data

USD/JPY drops almost two hundred pips on Thursday. US S&P Global PMI falls to monthly lows US yields collapse as recession fears increase. The USD/JPY dropped further following the release of US economic data and bottomed at 134.21, reaching the lowest level in six days. Bonds are rising across the globe, supporting the Japanese yen. … Read more