Youtrading UK
Português Español русский
Register Login
  • Markets
  • Charts
  • Economic Calendar
  • World
  • Economy
  • Insights
  • About Us
No Result
View All Result
Youtrading UK
  • Markets
  • Charts
  • Economic Calendar
  • World
  • Economy
  • Insights
  • About Us
No Result
View All Result
Youtrading UK
No Result
View All Result

BoJ emergency measures sent USDJPY tumbling lower

by Neville Hornsey
30 March 2022
in Markets
0
BoJ emergency measures sent USDJPY tumbling lower
395
SHARES
11.7k
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

Market Brief

The overnight session was scheduled to be a relatively quiet one, but then the Bank of Japan conducted some emergency monetary policy actions and they offered to buy ¥500 billion in 5-year – 10-year JGBs and ¥50 billion in >25-year JGBs, all from 31 March. The sent the yen higher and the US dollar a lot lower. Resulting in a gap down in the USDJPY. Last night’s purchases amounted to ¥725 billion 5-year – 10-year JGBs and additional ¥150 billion 10 year – 25-year JGBs. The 10-year benchmark yield is currently lower to 0.222%.

See real-time quotes provided by our partner.

Yesterday’s low on the USDJPY is currently a significant level of resistance and looking left the price action is currently finding support from old balance areas. Meaning, we could come lower to test some virgin levels left behind in the impulsive move. Usually when we see a big gap in the forex markets, I tend to favour a closing of that gap before any directional move occurs.

The forex heatmap shows the relative strength in the yen, with the AUD and USD showing negative flows at the London open. Looks like the day is setting up for a risk-off day a head of some important US scheduled news. Today we receive the latest US PCE inflation data, Final GDP (Q4) and ADP numbers. At the futures open there is also the weekly EIA crude numbers to watch for. Once that data is priced in, I am hoping for a smooth directional session as we reprice ahead of Fridays NFP.

The US Nasdaq and S&P500 indices are showing that more than 50% of companies in each index are now trading above their 200 daily moving average. This is a good sign for anyone looking to get long equities.

See real-time quotes provided by our partner.

My only warning would be to look left for untested daily lows. The S&P500 did as expected and swept the double tops and 4600 level. We’re now very likely to start finding levels that profits are taken at.

See real-time quotes provided by our partner.

The US dollar index still appears to be bullish with no new swing low printed. I am going to give the DXY my benefit of the doubt and wait patiently to see if we can get a bounce in this bull flag. If it creates a new swing low, I’ll have to rethink everything US dollar.

See real-time quotes provided by our partner.

The EURUSD is approaching value, as it tests 1.11500 and the 50% retracement of the significant high before the recent lows. 1.1300 is where the most volume has been conducted so there is a chance on continued peace talks the EURUSD travels a lot higher. I am looking left for daily low levels to get short from as the war in Ukraine is not declared over yet.

Tags: BOJDXYEURUSDInflationUS DollarUSA500USDJPY
Previous Post

Market Insight – Top Sentiment Trades This Week

Next Post

EURUSD Technical Analysis – Short-term trend test

Next Post
EURUSD Technical Analysis – Short-term trend test

EURUSD Technical Analysis - Short-term trend test

CALL US

Categories
  • Commodities
  • Economy
  • Forex
  • Index
  • Insights
  • Markets
  • Opening of the Week
  • Sem categoria
  • Stocks
  • World

Site Map

  • Home
  • Markets
  • Charts
  • Economic Calendar
  • World
  • Economy
  • Insights
  • About Us
Português Español русский

A comprehensive website for traders, both experienced and new! Checkout our content and learn how to invest and speculate in the markets using margin traded products. Our team of educators has extensive experience and is here to help. Enjoy!

Follow us on social media

Risk Warning

All financial products traded on margin carry a high degree of risk to your capital. They are not suited to all investors, please ensure that you fully understand the risks involved, and seek independent advice if necessary.

All Rights Reserved - YouTrading UK 2020

Privacy Policy and Terms and Conditions
  • Home
  • My Academy
    • Register Now
    • Login
  • Markets
    • Opening of the Week
    • Stocks
    • Commodities
    • Forex
    • Index
  • Charts
  • Economic Calendar
  • Economy
  • World
  • Insights
  • About Us
No Result
View All Result

© 2020 YouTrading UK - Leaders in Trader Training.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
__cfduid1 monthThe cookie is used by cdn services like CloudFare to identify individual clients behind a shared IP address and apply security settings on a per-client basis. It does not correspond to any user ID in the web application and does not store any personally identifiable information.
_wpfuuid11 yearsThis cookie is used by the WPForms WordPress plugin. The cookie is used to allows the paid version of the plugin to connect entries by the same user and is used for some additional features like the Form Abandonment addon.
cf_use_obThis cookie is set by the provider Cloudflare content delivery network. This cookie is used for determining whether it should continue serving "Always Online" until the cookie expires.
cookielawinfo-checbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-advertisement1 yearThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Advertisement".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
CookieDurationDescription
YSCsessionThis cookies is set by Youtube and is used to track the views of embedded videos.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
CookieDurationDescription
_ga2 yearsThis cookie is installed by Google Analytics. The cookie is used to calculate visitor, session, campaign data and keep track of site usage for the site's analytics report. The cookies store information anonymously and assign a randomly generated number to identify unique visitors.
_gid1 dayThis cookie is installed by Google Analytics. The cookie is used to store information of how visitors use a website and helps in creating an analytics report of how the website is doing. The data collected including the number visitors, the source where they have come from, and the pages visted in an anonymous form.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
CookieDurationDescription
_fbp3 monthsThis cookie is set by Facebook to deliver advertisement when they are on Facebook or a digital platform powered by Facebook advertising after visiting this website.
fr3 monthsThe cookie is set by Facebook to show relevant advertisments to the users and measure and improve the advertisements. The cookie also tracks the behavior of the user across the web on sites that have Facebook pixel or Facebook social plugin.
IDE1 year 24 daysUsed by Google DoubleClick and stores information about how the user uses the website and any other advertisement before visiting the website. This is used to present users with ads that are relevant to them according to the user profile.
test_cookie15 minutesThis cookie is set by doubleclick.net. The purpose of the cookie is to determine if the user's browser supports cookies.
VISITOR_INFO1_LIVE5 months 27 daysThis cookie is set by Youtube. Used to track the information of the embedded YouTube videos on a website.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
CookieDurationDescription
_gat_UA-42160853-21 minuteNo description
cf_ob_infoNo description
CONSENT16 years 8 months 3 days 6 hours 2 minutesNo description
SAVE & ACCEPT
Powered by CookieYes Logo