US Dollar Holds Gains as Japan Boosts and China PMI Weighs. USD Volatility Ahead?
US DOLLAR, JAPAN ELECTION, USD/JPY, CHINA PMI, AUD/USD - TALKING POINTS
AUD/JPY snaps five-day uptrend above 81.00 as covid woes renew in Australia
● AUD/JPY bounces off intraday low but prints daily loss for the first time in six days. ● NSW refreshes highest covid infections since March 2020, Victoria ends lockdown. ● Bears also cheer US Senators’ jostling over President Joe Biden’s infrastructure spending proposal, cautious mood ahead of the key data/events. ● BOJ’s Kuroda, RBA’s Debelle and risk catalysts will be crucial for fresh impulse.
Arbitrage Involving JPY Has Become More Frequent
The USD/JPY pivot point in the first half of 2020 will be at 108.94. If trade talks between the United States and China progress towards a positive direction, bringing more stability to the global economy, the yen may continue to move to 115 level.
Japanese Yen Price Targets: USD/JPY Breakout Pending- Trade Levels
Price has set a well-defined weekly opening-range just below downtrend resistance and were looking for the break. Here are the levels that matter on the USD/JPY charts.
Japanese Yen Price Chart: USD/JPY Breakout Trade Levels for FOMC
An outside-day reversal off resistance leaves the immediate focus on a breakout of the recent price range. Here are the levels that matter on the USD/JPY charts.
EUR/JPY Price Chart: Outside-day Reversal Off Key Support Post-ECB
EUR/JPY is poised to mark an outside-day reversal off key weekly support on the back of the ECB today. Here are the levels that matter on the EUR/JPY weekly chart.
USD, JPY Could Rise as IMF Global GDP Outlook Gets Cut Again
Anti-risk currencies like the US Dollar and Japanese Yen could catch a bid after the IMF's updated World Economic Outlook report revealed another cut to its global GDP forecasts for 2019 and 2020.
US Dollar Rises on Retail Sales, Gold and JPY Gain on Safe-Haven Flows - US Market Open
US Dollar Rises on Retail Sales, Gold and JPY Gain on Safe-Haven Flows - US Market Open
Currency Volatility: Japanese Yen Eyes Upcoming BOJ Rate Decision
With the Bank of Japan interest rate decision slated for Thursday's session, forex traders could experience increased price action in JPY currency crosses.