WorldWideMarkets Community

Forex Trading, Market News & Technical Analysis

Today’s Trading Edge: USD/JPY –Dollar remains bid ahead of Yellen’s semiannual testimony to Congress

Posted by WorldWideMarkets . on Jul 10, 2017 9:45:36 PM

Early price action in Asia has the U.S. dollar higher by 0.2% slightly higher above the 114 level against the yen.  The greenback is still riding some of the momentum from Friday’s strong nonfarm payroll report.  On Friday, the June nonfarm payroll came in at 222,000, well above the 178,000 estimate.  The May report was also revised higher.  With most signs continuing to point to a stronger US economy, the case for policy normalization will be easier for Fed Chair Yellen.  Yellen will deliver her semiannual testimony to Congress on Wednesday. 


Topics: $USDJPY

Bank of Japan Left Interest Rates & Policy Unchanged; USD/JPY Weakens to 2-Week Low

Posted by Chris Advincula on Jun 16, 2017 7:09:32 AM

The Japanese yen weakened to a two-week low after the Bank of Japan kept its interest rates steady and conveyed the message that it was not going to follow the U.S. Federal Reserve strategy to raise rates.


Topics: $USDJPY, Japanese Economy, Forex, BOJ Monetary Policy

Today’s Trading Edge: USD/JPY –Dollar remains bid ahead of BOJ decision

Posted by WorldWideMarkets . on Jun 15, 2017 9:22:39 PM


Early price action in Asia has the U.S. dollar higher and above the 111 level against the yen.  In New York, the June Empire Manufacturing index, which is the first factory report released by the regional Fed banks, beat expectations with a 19.8 reading, well above the 5.0 estimate.   The Jun Philadelphia Fed business outlook also beat expectations with a 27.6 reading, analysts’ eyed a 24.9 print. 


Topics: $USDJPY, BOJ Monetary Policy

Today’s Trading Edge: USD/JPY –Dollar remains steady despite softer US data

Posted by WorldWideMarkets . on Jun 5, 2017 7:12:42 PM



Topics: $USDJPY, Dollar Yen

Today’s Trading Edge: USD/JPY –Dollar rebounds after private sector hiring surged in May

Posted by WorldWideMarkets . on Jun 1, 2017 6:12:02 PM

Earlier in NY, the U.S. dollar rallied following the release of ADP employment change.  ADP’s private-sector employment report increased by 253,000 from April to May on a seasonally adjusted basis, shattering the market expectations of 180,000.  The service-providing sector had its 88th straight month of increases, 185,000, a rise from the prior month reading of 165,000. 


Topics: $USDJPY, US Jobs Data


Tools & Educational Resources

Forex 101LEARN MORE >>
Learn the basics of Forex and how to practice trading the markets.

GlossaryLEARN MORE >>
Confused by the language? Click here and search for key trading terms.

Browse our frequently asked questions and find your answers right away.

Access to the educational lessons, webinars and platform walkthroughs.


Get started with a FREE $10,000 Demo Account and experience the Forex Market RISK FREE!