USD/JPY - Analysis, Outlook and Forecasts

USD/JPY (US Dollar - Japanese Yen) outlook and forecast is presented by the team of ForexAbode's in-house analysts and is followed by the traders around the world. The outlook takes into account the various factors which can affect the future price-action of USD/JPY. The factors to analyze the outlook are geo-political news, fundamentals including major economic releases and technical factors but most importantly we focus on the price-action analysis.

 

The outlook reflects our views for short-term to mid-term movement. However, sometimes the analysis takes into account the price-data which may span many years for longer-term views. This is also supported by our very popular chart alerts.

 

The weekly analysis includes the predictions for the next week's expected moves for the US dollar and Japanese yen. However, the forecast is not only limited to the coming week but is applicable for the overall expectations for the near-term. Apart from the weekly forecasts, we also update USD/JPY daily technical analysis, which presents our views about the price-action from short-term perspective.

 

You may also like to check the following resources for trading USD/JPY:

 

 

USD/JPY Weekly Outlook - Oct 24, 2010

Written By : ForexAbode.com || 2010-10-24 00:00:00 GMT

Current 81.36 Trend:Consolidation during Downtrend. Outlook: Upward correction. Please refer daily charts and not short-term charts e.g. hourly charts. Fundamentals(Recent economic releases): 1) US: earnings and forecasts at companies from Boeing to Coca Cola beat estimates. Speculations that Federal Reserve will purchase debt to stimulate the economy. 2) US: Companies are seeking to raise at least $1.1 billion through U.S.

USD/JPY Weekly Outlook - Oct 17, 2010

Written By : ForexAbode.com || 2010-10-17 00:00:00 GMT

Fundamentals(Recent economic releases): 1) US: Expectations about the economy to grow at a slower pace than previously projected in the second half of 2010 and next year. 2) US: Ben S. Bernanke (Federal Reserve Chairman) said that additional monetary stimulus may be warranted because inflation is too low and unemployment is too high. 3) US: U.S.

USD/JPY Weekly Outlook - Oct 10, 2010

Written By : ForexAbode.com || 2010-10-10 00:00:00 GMT

Current 81.93 Trend:Down. Outlook: Bearish but initially with some sideways move. Please refer daily charts and not short-term charts e.g. hourly charts. Fundamentals(Recent economic releases): 1) US: The number of workers employed by local governments fell to the lowest level since October 2006 as U.S. cities and towns reduced the ranks of teachers and other school employees. The biggest monthly drop since July 1982.

USD/JPY Weekly Outlook - Sep 26, 2010

Written By : ForexAbode.com || 2010-09-26 00:00:00 GMT

Current 84.21 Outlook: Neutral. Please refer daily charts and not short-term charts e.g.

USD/JPY Weekly Outlook - Sep 19, 2010

Written By : ForexAbode.com || 2010-09-19 00:00:00 GMT

Current 85.86 Trend: Down. Outlook: Neutral – some downward move before some more upward consolidation. Please refer daily charts and not short-term charts e.g. hourly charts. Fundamentals(Recent economic releases): 1) US: Concern that U.S. personal income taxes will increase next year caused an unexpected decline in consumer confidence in September.

USD/JPY Weekly Outlook - Sep 05, 2010

Written By : ForexAbode.com || 2010-09-05 00:00:00 GMT

Current 84.29 Trend: Down. Outlook: Volatile Sideways with bearish outlook. Please refer daily charts and not short-term charts e.g.

USD/JPY Weekly Outlook - Aug 14, 2010

Written By : ForexAbode.com || 2010-08-14 00:00:00 GMT

Current 86.18 Trend: Down. Outlook: Volatile Sideways with bearish outlook. Please refer daily charts and not short-term charts e.g.

USD/JPY Weekly Outlook - Aug 8, 2010

Written By : ForexAbode.com || 2010-08-08 00:00:00 GMT

Current 85.51 Trend: Down. Outlook: Volatile Sideways with bearish outlook. Please refer daily charts and not short-term charts e.g. hourly charts. Fundamentals(Recent economic releases): 1) US: Last week's figures from Commerce Department showed that Household purchases, which account for about 70 percent of the economy, were unchanged from May 2) US: Contracts to buy existing houses unexpectedly dropped for a second month.

USD/JPY Weekly Outlook - Aug 1, 2010

Written By : ForexAbode.com || 2010-08-01 00:00:00 GMT

Current 87.47 Trend: Down. Outlook: Volatile Sideways with bearish outlook. Please refer daily charts and not short-term charts e.g. hourly charts. Fundamentals(Recent economic releases): 1) US: New Homes Sales data releases quite positive as compared to previous results as well as expectations. 2) US: Consumer Confidence (July) data negative as compared to previous results asw ell as expectations.

USD/JPY Weekly Outlook - Jul 18, 2010

Written By : ForexAbode.com || 2010-07-18 00:00:00 GMT

Fundamentals(Recent economic releases): 1) US: PPI (Producer Price Index) releases negative. 2) US: CPI (Consumer Price Index) releases negative as compared to the expectations and previous releases. 3) US: The Standard & Poor’s Supercomposite Homebuilder Index has fallen about 11 percent so far this year. 4) US: Initial Jobless Claims release better than expectations as well as previous release.

Interest Rate difference of USD and JPY

USD to JPY Interest Rates Comparison
(For Carry Trades)
US Dollar (USD) interest rate
0.25%
Japanese Yen (JPY) interest rate
0.10%
USD/JPY interest rate comparison
0.15%

Overall price-action trend of USD/JPY

Please refer the following monthly chart of 12-year historical price-action to check the overall USD/JPY trend.

Monthly chart of EUR/USD, indicating the overall trend.

 

Main observations for USD/JPY historical price-action and outlook for the near future

  • USD/JPY has been in an overall downtrend for past 12 years.
  • The recent high has been 105.44 during the end of December 2013. Since then the pair has stuck between the psychological levels of 100 and 105.
  • The resistance of 105 also brings in the additional resistances of 50% retracement of the fall from 135.14 to 75.36 at 105.25 and 61.8% retracement of the fall from 124.16 to 75.36.
  • The price action has been nearer to 100 than 105 and this fact needs cautious approach for long-positions. However, a decisive break over 105.80 should target 108.00 next.

Forex Trading Alerts subscription


Name:
Email:
Confirm Email:
7+11

We will send email alerts as soon as the Forex analysis is updated.
Request you to check the Junk (spam mail) folder immediately in case Google group mail is not received in Inbox.

Enter Forexabode Blog

Enter Forex Abode Community

Forex Rates