USDJPY

(Last Updated March 4, 2021)

Hello! This is the news page for USDJPY. Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:

Forex Calendar for USDJPY

metric_name	reference_period	asset_name	asset_id	date	time	forecast
United States Continuing Jobless Claims	20/Feb 2021	US Dollar	USD	2021-03-04	13:30 GMT	4300K
United States Jobless Claims 4-week Average	Feb/27 2021	US Dollar	USD	2021-03-04	13:30 GMT
United States Initial Jobless Claims	27/Feb 2021	US Dollar	USD	2021-03-04	13:30 GMT	750K
United States Unit Labour Costs QoQ Final	Q4 2020	US Dollar	USD	2021-03-04	13:30 GMT	6.6%
United States Nonfarm Productivity QoQ Final	Q4 2020	US Dollar	USD	2021-03-04	13:30 GMT	-4.7%

The Trend

If we observe the 90, 30 and 14 day timeframes, we see an uptrend in place for USDJPY.

USDJPY Moving Averages

The moving averages on USDJPY summarize its price action in an interesting way. Out of the moving averages we’re monitoring (20, 50, 100, and 200 days), all but the 200 are bullish, suggesting the trend is generally upward, aside from a fall about 6 months prior.

Below is a chart showing USDJPY’s price with its moving averages.

Regarding USDJPY’s correlations over the past 7 days, it has been most correlated with NZDCAD. If we zoom out to a two week basis, though, USDSEK is the asset most correlated to USDJPY. Alternatively, GBPCHF has been the asset least correlated with USDJPY — but over the past two weeks, the asset least correlated with USDJPY has been AUDJPY. See the chart below to observe the recent price action in USDJPY versus those of assets it hasn’t been well correlated with.

The View From the Weekly Timeframe

At the time of this writing, USDJPY’s rate is up 5120 pips (0.48%) from the week prior. It’s been a feast for bulls operating on the weekly timeframe, as USDJPY has now gone up 4 of the past 5 weeks. As for the trend on the weekly timeframe, we see the clearest trend on the 20 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. USDJPY’s weekly price action over the past 52 weeks can be seen via the chart below.