USD JPY Weekly FX Forecasts

EUR/USD: What the ECB and Fed Will Do  ● There was a significant amount of news last week, so we will highlight and analyse only the most important ones.Germany set the tone for European statistics, with consumer inflation rising instead of falling. According to the initial estimate, the Consumer .....

EUR/USD: Europe is Not Doing Very Well, the US is Not Doing Very Badly ● The main events in the currency market will unfold in the upcoming week, with meetings scheduled for Wednesday, 31 July, when the Bank of Japan and the Federal Reserve's FOMC (Federal Open Market Committee) will convene, foll.....

EUR/USD: FOMC - Are Surprises Expected on 31 July? ● This review will begin somewhat unusually, not from the start, but from the end of the past work week. On the evening of 18 July and the morning of the 19th, system administrators and users encountered non-functional servers and PCs running Wind.....

EUR/USD: The US is Not Very Good, Europe is Not Very Bad ● On Friday, June 5, the Dollar Index (DXY) hit a three-week low, while the euro showed its largest weekly gain against the dollar in a year. This was due to the US not performing as well as expected and Europe not faring as poorly. ● Disap.....

EUR/USD: Inflation in the US – Everything is Going According to Plan ● Last week, specifically on Thursday, 27 June, the dollar received support from positive macroeconomic data from the US. The Department of Commerce reported that according to the final estimate, the US GDP grew by 1.4% in Q1, ag.....

EUR/USD: Eurozone - Rising Inflation, Falling Economy ● As revised Eurostat data published on Monday, June 17, showed, inflation (CPI) in the 20 Eurozone countries accelerated to 2.6% (y/y) in May, compared to 2.4% in April when it was at its lowest since November 2023. The consumer price index in.....

EUR/USD: Hawkish Sentiments of the Fed ● As expected, the key day of last week was Wednesday, 12 June. After the publication of inflation data in the USA, the dollar came under strong pressure. Fresh figures showed that in May, the overall inflation rate (CPI) in annual terms decreased to 3.3% com.....

EUR/USD: Who Controls the Financial Market ● It is clear that interest rates rule the markets, not only in terms of actual changes but also regarding expectations about the timing and magnitude of future changes. From spring 2022 to mid-2023, the focus was on raising rates; now, the expectation ha.....

EUR/USD: Awaiting a Turbulent Week ● Recall that Monday, 27 May was a holiday in the US. However, on Tuesday, dollar bulls took control, and the DXY Index started to rise, bolstered by a significant increase in the US Consumer Confidence Index (from 97.5 to 102.0 against a forecast of 96.0). Conse.....

EUR/USD: The Battle of Europe and US PMIs ● Overall, the past week favoured the dollar, but the advantage over the European currency was minimal. If you look at where the EUR/USD pair was on 15 May, it returned to this zone on 24 May, regaining the losses of recent days. Recall that the report fro.....

EUR/USD: Medium-Term Outlook Favours the Dollar ● Throughout the past week, EUR/USD exhibited mixed dynamics, primarily driven by expectations concerning potential interest rate cuts by the US Federal Reserve (Fed) and the European Central Bank (ECB). Statements by officials from both central bank.....

EUR/USD: What's Wrong with the US Soft Landing? ● The headline of our last review stated that inflation remains stubborn, and the US GDP is slowing. Newly arrived data have only confirmed these assertions. A crucial inflation measure that the Federal Reserve follows – the Personal Consumption Expe.....

EUR/USD: Inflation Persists, US GDP Growth Slows ● The US economy remains the most powerful on the planet. Moreover, its share of global GDP has reached a nearly two-decade high of 26.3%. According to the IMF, from 2018, the European Union's share decreased by 1.4%, Japan's by 2.1%, while the Unit.....

EUR/USD: A Pause After the Rally ● Last week, 60% of analysts adopted a neutral stance in their previous forecast and were proven absolutely correct. EUR/USD had a calm week, even boring at times, moving along the 1.0650 mark within the narrow corridor of 1.0600-1.0690. Market participants were r.....

EUR/USD: The Dollar Soars ● Last week saw two significant events: the first shocked market participants, while the second passed without surprises. Let's examine the details in order. Since mid-2022, consumer prices in the US have been declining. In July 2022, the Consumer Price Index (CPI) was a.....

EUR/USD: The Dollar Weakness Puzzle ● What transpired with the EUR/USD pair last week? It behaved as expected on Monday, 01 April. However, starting from Tuesday, the situation deviated. Let's delve into the details. On the first day of April, data on business activity in the US industrial sector .....

EUR/USD: Switzerland Strengthens the Dollar ● The key event of the past week was undoubtedly the FOMC (Federal Open Market Committee) meeting of the US Federal Reserve on March 20. As expected, the American Central Bank unanimously decided to maintain the key interest rate at its highest level in .....

EUR/USD: Stubborn Inflation Refuses to Back Down ● Market participants last week were keenly focused on inflation data from the US. The FOMC (Federal Open Market Committee) meeting of the Federal Reserve is scheduled for Wednesday, 20 March, and these figures will undoubtedly influence the Committ.....

EUR/USD: A Bad Week for the Dollar ● The past week was dominated by the European Central Bank (ECB)'s meeting on Thursday, 7 March. As anticipated, the pan-European regulator decided to maintain its current monetary policy, leaving the interest rate unchanged at 4.50%. This move reaffirmed its co.....

EUR/USD: Weak Bulls vs. Weak Bears ● Throughout the past week, EUR/USD has been trading within a narrow channel. News favouring the euro pushed it towards the resistance level at 1.0865, while positive developments for the dollar brought it back to the support level at 1.0800. However, neither the.....

EUR/USD: ECB Rhetoric Against the Dollar ● Data on consumer inflation (CPI) in the US, published on February 13, exceeded expectations. The Producer Price Index (PPI) also indicated a rise in industrial inflation in the country. However, despite this, the American currency failed to gain additiona.....

EUR/USD: A Week of Mixed Data ● The macroeconomic statistics released last week were mixed in both the United States and the Eurozone. As a result, EUR/USD failed to break through either the 1.0700 support or the 1.0800 resistance, continuing to move within a narrow sideways channel. ● The US dol.....

EUR/USD: Dollar Dips but Promises a Rebound ● Last week saw a scarcity of significant macroeconomic data. In anticipation of new drivers, market participants analysed the state of the US labour market and statements from Federal Reserve officials. Data released on February 2 revealed that the numb.....

EUR/USD: Dollar Strengthening Prospects Increase ● Throughout January, a series of indicators: GDP, employment, and retail sales, consistently highlighted the strength of the US economy. The threat of recession diminished, and it became evident that the high interest rate did not significantly hi.....

EUR/USD: US Economy Delivers Surprises ● The two most significant events last week occurred on Thursday, January 25. On this day, the European Central Bank (ECB) held a meeting, and preliminary GDP data for the US for Q4 2023 was published. As expected, the ECB left the key interest rate unchanged.....

EUR/USD: Reasons Behind the Dollar's Strengthening ● The past week was notably sparse in terms of macroeconomic statistics. Consequently, the market participants' sentiment largely depended on the statements made at the World Economic Forum in Davos (WEF). It's worth noting that this event, held .....

EUR/USD: Market Anticipates Federal Reserve Rate Cut ● We published our global forecast for EUR/USD for the upcoming year in the last week of 2023. Now, moving from long-term projections, we return to our traditional weekly reviews, which have been conducted by the NordFX analytical group for ove.....

According to statistics, USD/JPY (US Dollar/Japanese Yen) is among the top three most traded currency pairs in the Forex market. This is facilitated by the pair's high liquidity, which ensures narrow spreads and favourable trading conditions. This means that traders can enter and exit positions wi.....

EUR/USD: Dovish Fed Reversal The fate of EUR/USD was determined by two events last week: the FOMC (Federal Open Market Committee) meeting of the US Federal Reserve and the meeting of the Governing Council of the European Central Bank (ECB), which took place a day later. As a result, the euro em.....

EUR/USD: Continuation of the Rate War The labour market and inflation: these are the factors that Central Banks closely monitor when making decisions regarding monetary policy and interest rates. It is sufficient to recall the significant shift that occurred after the publication of October's in.....