[GVI Forex 2]

USDJPY even better… close to 156.30 resistance

[GVI Forex 2]

USDJPY 15 Min Chart – So far, so good

Scroll below for my update pointing out a case for an intra-day low aa long as 155.60 holds

Thia was based on an Amazing Trader pattern and logic… Click to learn more> about this amazing charting algo

[GVI Forex 2]

NEWSQUAWK US OPEN

European equities lifted by Tech/Luxury updates, JPY bid as BoJ hike bets mount, US Retail Sales due

Good morning USA traders, hope your day is off to a great start! Here are the top 4 things you need to know for today’s market.

4 Things You Need to Know

European bourses opened on a strong footing and remain at highs, with Tech and Luxury among top performers; US futures mixed whilst NQ leads.

USD mixed vs. peers, JPY leads as BoJ hike bets mount after reports noted that BoJ is said to see a good chance of a January rate hike barring a major market rout, following Trump’s inauguration.

Gilts gap lower despite soft GDP, USTs await data and Treasury Secretary nominee Bessent’s confirmation hearing.

Crude takes a breather while base metals cheer risk appetite.

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[GVI Forex 2]

This blog article is worth revisiting as JPY crosses have been a driver today

Markets are like a river flowing downstream constantly looking for the path of least resistance. When it finds a clear path the pace of flow accelerates. This is a way to look at trading…

Forex Trading: Seeking the Path of Least Resistance

[GVI Forex 2]

USDJPY 1 HOUR CHART –  BoJ Rate Hike Back on the Table

Selling ahead of the BoJ meeting next week, where a rate hike risk is back on the table, is again weighing on USDJPY and boosting the JPY on its crosses.

This chart, however, shows potential for a bottom today BUT ONLY IF it can stay above 155.60.

Otherwise, using 155-158 as a range puts 156.50 as the midpoint with a sEll bias while below it.

Daily chart shows a void until 153.15 if it stays below 156.

Range so far today: 155.20-156.54

[GVI Forex 2]

Using my platform as a HEATMAP shows

The JPY again outperforming as a rate cut at next week’s BoJ meeting is back on the table.

JPY cross offsets likely giving the dollar zp,e support elsewhere

[GVI Forex 2]

Let’s put in all in perpective

A 0.1% mOVe in core inflation y/y sparked some big moves, especially in stocks and bonds AND CHANGE IN fED EXPECTATIONS

I will leave this for another discussion so just think of the logic behind the reaction to a small miss in the data.

FWIW EURUSD has so far been unabLe to regaIn 1.0350, USDJPY bounced off my AT support…. buf for now the starch has been taken out of the dollar

And Pres Trump has yet to take office!!

[GVI Forex 2]

THe old adage “it’s not the news but the reaction that counts” plaYed true to form today… US 10 year last at 4.663%

USDJPY remains the outperformer, GBPUSD and AUD/NZD 2nd in line.

See earlwr USDJPY poST… TESTING NEXT SUPPORT

EURUSD up with a lag, would need to clear 1.0358 to accelerate the upside.

[GVI Forex 2]

NEWSQUAWK US OPEN

USD softer ahead of US CPI, Gilts gap higher on cooler UK inflation

Good morning USA traders, hope your day is off to a great start! Here are the top 4 things you need to know for today’s market.

4 Things You Need to Know

Stocks hold modest gains, FTSE 100 outperforms post-CPI; US bank earnings due.

DXY lower ahead of US CPI, GBP resilient in the wake of soft inflation metrics, JPY leads.

Gilts inflated by CPI, JGBs dented by Ueda & USTs await CPI.

Choppy trade in crude while precious metals tilt higher and base metals trade mixed.

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[GVI Forex 2]

Using my platform as a HEATMAP shows

Most on hold ahead of US CPI except USDJPY which is playing  catchup after being bid yesterday (note JPY crosses…some verbal intervention + selling (JPY buying) ahead of next week’s BoJ meeting

[GVI Forex 2]

USDJPY 4 HOUR CHART – WAITING FOR US CPI AND MORE

Trying to build some downward momentum… if the 156.91 break holds, risk is for 155.94-156.22… if it fails to hold, magnetic 158 remains in focuS

Combination of verbal intervention and selling ahead of the BoJ meeting next week.,,,focus next is on US CPI

 

[GVI Forex 2]

Trading Tip:

When you see 2 currencies move in opposite directions vs the dollar you can assume there are real money flows/orders behind the moves. (EURUSD UP, USDJPY UP, => EURJPY UP)

[GVI Forex 2]

EURJPY 4 HOUR CHART – RETRACEMENT?

While there are layers of resistance (blue lines) above 163.19, this is the level that needs to hold to make this strong bounce just a retraceme

[GVI Forex 2]

Quick summary

USDJPY remains stuck just below 158… EURUSD (and EURJPY) has been an outperformer… stocks slipping…suggests position adjutments and a bit of a squeeze on EUR shorts (AUD and CAD also firmer), still jusat a retracement

[GVI Forex 2]

NEWSQUAWK US OPEN

Crude under pressure as a Gaza ceasefire nears & stocks grind higher on “gradual” Trump tariff reports

Good morning USA traders, hope your daoy is off to a great start! Here are the top 4 things you need to know for today’s market.

4 Things You Need to Know

Stocks grind higher as sentiment is lifted on reports that the Trump team is looking at gradual tariff hikes month-by-month of 2-5%.

DXY is a touch higher, antipodeans lead, JPY gives back Monday’s gains.
Fixed Income is off best levels ahead of US PPI.

Crude under increasing pressure as a Gaza ceasefire looms; based metals mixed, but precious metals eke mild gains.

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[GVI Forex 2]

Using my platform as a HEATMAP shows

Mixed bag for the dollar after the late day selloff yesterday… JPY and GBP (note firmer EURGBP) underperforming,

However, it does show how hyper sensitive markets are to headline news,  especially anything ti do with tariffs..

Next key event, US CPI on Wednesday,

[Belgrade Bobby]

USDJPY Daily

Yen came perfectly to 158.900 ( just short of it) .

It is in a very Bullish formation right now, but time is of essence – shouldn’t lose this momentum if it wants higher…

Supports : 156.750, 156.050 & 154.850

Resistances : 157.950, 158.550 & 159.050

[GVI Forex 2]

Using my plaform as a HEATMAP — USD up vs all but JPY and CAD about unchanged, AUD lagging, GBP the underperformer, EURUSD breaks below 1.02

USD up but uneven (USD JPY an exception)
US 10 year yield Up (near 4.80 %)
US500 Down
Gold About unchanged
Crude oil UP
BTCUSD Down

[GVI Forex 2]

USDJPY close below 158.04 would produce an outside day key reversl day (intraday range 158.87-156.27) but not sure how much to read into jt… so let’s call it a start of the year Freaky Friday

[GVI Forex 2]

NEWSQUAWK US OPEN

USTs and futures subdued ahead of US NFP; JPY boosted by BoJ source report

Good morning USA traders, hope your day is off to a great start! Here are the top 4 things you need to know for today’s market.

4 Things You Need to Know

European bourses trade choppy, US futures edge lower ahead of the US NFP report.

USD eyes NFP, JPY boosted by BoJ source report, GBP unable to recoup lost ground.

Fixed income a touch lower ahead of US jobs data, Gilts continue to underperform.

Crude soars on geopolitical updates, Industrial commodities bolstered by Chinese commentary

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