[JPY] Hovering Yen 2021 0731

USD/JPY four-hour chart, source:FXDD.com

 

Gjallarhorn keeps the long position of EUR at the CME. The positions are under the loss. It doesn't have any position of JPY, yet.

The currency pair USD/JPY lowered its peaks since July but it is confirmed that the price is supported around 109.35~40.

The currency pair failed to exceed 20 Moving Average in the four-hour chart Friday. It implies the bearish trend in the short term, the daily chart and the one-hour chart signals the bullish though. It is anticipated a mild bullish after the correction.

The pair is under the downward trend line. It doesn't seem to break through the trend line at once, there will be the attempt to exceed it though.

The risk-averse sentiment raised the dollar, and the dollar rose against the Japanese Yen, too.

The Fed's shift to the hawkish stance has supported the dollar's rally, and the concern of the inflation made the investors worry.

The US Core PCE Price Index (MoM) in June increased 0.4 percent, which was 0.5 percent in the previous release and the market expected 0.6% increase. It also increased 3.5 percent year-over-year, it recorded high in thirty years. But it was lower than the market's expectation, 3.7 percent. It is reported the Fed values the Core PCE Price Index.

James Bullard, President of the Federal Reserve Bank of St. Louis showed his hawkish again, and it helped the greenback's gain. He said, the inflation reached to Fed's expectation and the tapering should be begun in this fall and completed by the 1st quarter in the next year. He expected the more GDP growth in the 2nd half.

------------------------------------------

Gjallahorn produces the reports by the trader. And the reports reflect the trader's view.

Gjallarhorn does not provide any signals, but tries for traders to get the insight into the market.

You can ask by messenger and e-mail.

Facebook messenger and telegram(@morgenluft) 

e-mail - kmuk001@gmail.com

You can join telegram channel t.me/gjallarhorn_report .

If this report was helpful to you, please support it. The amount of your support is up to you.

PayPal  kmuk001@gmail.com. 

Thank you.

e-mail - kmuk001@gmail.com

Telegram - @morgenluft

Telegram broadcasting - t.me/gjallarhorn_report

https://www.facebook.com/Gjallarhorn.report/

http://morgenluft.blogspot.com

#Gjallarhorn, #JPY, #yen, #USDJPY

[JPY] Dollar in the Correction 2021 0220

USD/JPY four-hour chart, source:FXDD.com

cf. [JPY] Rising Yen, Falling Dollar 2021 0211

cf. [JPY] Sank Yen 2021 01230

cf. [JPY] Bullish Yen 2021 0122

Gjallarhorn keeps the long position of euro futures.

The currency pair USD/JPY retreated from 106.21 to 105.40 since Wednesday. It means that the safe-haven Japanese Yen has risen against the dollar. The dollar tried to rebound but failed leaving the doji candles in the four-hour chart.

It seems the pair to step down in the next week, but it may rebound at 105.03x on the upward trend line or 104.9x on 120 exponential moving average.

The recovery of the risk-on sentiment devalued the greenback. The slow recovery in the employment market affected to the dollar, too.

The safe-have Japanese Yen rose against the greenback though the risk-on sentiment.

The Flash Manufacturing PMI in Japan hit 50.6 better than expectation 50.0 and previous 49.8. It hinted the recovery of Japanese economy but it didnd't supported Japanese Yen. The inflation and domestic recovery remained weak.

The Bank of Japan has signaled that it will continue buying ETF’s as needed and has no intention of selling any. That pushed the Nikkei through 30,000 and should continue next week depending on developments on Wall Street.

Craig Erlam, Senior Market Analyst at OANDA reported, rising yields made investors nervous and the Fed Chair might put their minds at ease.

The U.S. Treasury Secretary, Janet Yellen supported the risk-on sentiment emphasizing the massive fiscal stimulus package. 

The ruling Democratic will pass the bill of 1.9 trillion dollar package in the next week reportedly.

---------------------------

Gjallahorn does not provide any signals, but tries for traders to get the insight into the market.

You can ask by messenger and e-mail.

Facebook messenger and telegram(@morgenluft) 

e-mail - kmuk001@gmail.com

You can join telegram channel t.me/gjallarhorn_report .

If this report was helpful to you, please support it. The amount of your support is up to you.

PayPal  kmuk001@gmail.com

Thank you.

e-mail - kmuk001@gmail.com

Telegram - @morgenluft

Telegram broadcasting - t.me/gjallarhorn_report

https://www.facebook.com/Gjallarhorn.report/

http://morgenluft.blogspot.com

#Gjallarhorn, #JPY, #yen, #USDJPY

[JPY] Rising Yen, Falling Dollar 2021 0211

USD/JPY four-hour chart, source:FXDD.com

cf. [JPY] Sank Yen 2021 01230

cf. [JPY] Bullish Yen 2021 0122

Gjallarhorn keeps the long position of euro futures.

The currency pair USD/JPY retreated after making two peaks when the week began. But the pair has been supported on the 120 Exponential Moving Average in the four-hour chart.

It has gone sideways and doesn't  show any hint of rebound, yet. It seems to be under the pressure of falling more. The traders need to prepare the more correction of USD/JPY to 104.08.

Though its rally since late January, it is still valid to keep the bearish bias to the currency pair. It succeeded to exceed the 120 EMA in the daily chart, it need some trials of exceeding for the trend-turning though. One success of breaking-through the 120 EMA doesn't mean the resistance-line's being broken.

Gjallarhorn thinks it may retreat in the short term and the price of 104.00 may be tested as the support line.

One of the risk-off asset, Japanese Yen fluctuated being linked to the U.S. bonds yields.

The fiscal stimulus package supported by Joe Biden, the U.S. President seems to be passed without the correction due to the Blue Wave. The parliament of the representative and the senators passed the fast track for the package last week, 1.9 trillion-dollar stimulus is anticipated to raise the inflation. It may drop the greenback.

The market participants expect this package help the economy recovery and the bearish dollar. The inflation from the United States may raise the yen against the greenback though the yen is more safe-haven currency.

---------------------------

Gjallahorn does not provide any signals, but tries for traders to get the insight into the market.

You can ask by messenger and e-mail.

Facebook messenger and telegram(@morgenluft) 

e-mail - kmuk001@gmail.com

You can join telegram channel t.me/gjallarhorn_report .

If this report was helpful to you, please support it. The amount of your support is up to you.

PayPal  kmuk001@gmail.com

Thank you.

e-mail - kmuk001@gmail.com

Telegram - @morgenluft

Telegram broadcasting - t.me/gjallarhorn_report

https://www.facebook.com/Gjallarhorn.report/

http://morgenluft.blogspot.com

#Gjallarhorn, #JPY, #yen, #USDJPY

[JPY] Sank Yen 2021 01230

USD/JPY four-hour chart, source:FXDD.com

cf. [JPY] Bullish Yen 2021 0122

Gjallarhorn keeps the long position of euro futures.

The currency pair USD/JPY rose breaking through the downward trend line in the week. It was anticipated the pair would drop around the trend line and keep the downward trend.

Because the currency pair has formed the bearish trend line in the main downward trend line since the pandemic.

It rose hard on Friday, and it seems that the pair holds the bullish momentum in the next week, too. The correction could be permitted to 104.45. The USD/JPY which rose after the fluctuation in Bollinger Band in the four-hour chart was anticipated to face the resistance around 104.00, but it surged.

The yen, as the safe-haven asset, has used risen when the risk-averse sentiment is the dominant sentiment in the market. The equities in New York market sink and the risk-off was emphasized, but Japanese Yen dropped against the dollar on Friday.

Meanwhile IMF, the International Monetary Fund forecasted the 5.5 percent growth of the world economy in the year with the World Economic Outlook Report. It was adjusted 0.3 percent point up than the 5.2 percent of the expectation in last October. IMF anticipated the vaccine injection against COVID-19 would help the economy recovery.

---------------------------

Gjallahorn does not provide any signals, but tries for traders to get the insight into the market.

You can ask by messenger and e-mail.

Facebook messenger and telegram(@morgenluft) 

e-mail - kmuk001@gmail.com

You can join telegram channel t.me/gjallarhorn_report .

If this report was helpful to you, please support it. The amount of your support is up to you.

PayPal  kmuk001@gmail.com

Thank you.

e-mail - kmuk001@gmail.com

Telegram - @morgenluft

Telegram broadcasting - t.me/gjallarhorn_report

https://www.facebook.com/Gjallarhorn.report/

http://morgenluft.blogspot.com

#Gjallarhorn, #JPY, #yen, #USDJPY

[JPY] Bullish Yen 2021 0122

USD/JPY four-hour chart, source:FXDD.com

Gjallarhorn holds the long position of euro futures.

The currency pair USD/JPY holds its bearish trend, and it is still valid to keep the downward bias to the pair. The pair has lowered its peaks since 1998. There are bullish trend and bearish trend, the main trend has been downward though.

Since the pandemic, the currency pair has formed the downward trend line in the main bearish trend line.

The USD/JPY rises after the fluctuation in Bollinger Band in the four-hour chart. It is anticipated the pair faces the resistance around 104.00 and it could be a good deal to sell the currency pair at the resistance line.

It supports the short bias of US dollar against yen, and strong yen and weak dollar.

Bank of Japan released its menetary policy on Thursday and it wasn’t effective to the market. BoJ kept the policy.

The market participants watch the U.S. T-bond yield which has gone sideways around 1.1 percent. Due to the expected extension of the fiscal spending in Biden's government, the rising yield of T-bond supports the strong greenback. Most analysts expect the weak dollar as did in last year. Because Fed keeps the easing monetary policy and it is expected that the global economy will rebound after the pandemic diminishes by the vaccine.

The Japanese Yen is evaluate as the risk-averse asset than the dollar. The recovery of the global economy may lower yen, too. The traders need to watch the chart carefully.

---------------------------

Gjallahorn does not provide any signals, but tries for traders to get the insight into the market.

You can ask by messenger and e-mail.

Facebook messenger and telegram(@morgenluft) 

e-mail - kmuk001@gmail.com

You can join telegram channel t.me/gjallarhorn_report .

If this report was helpful to you, please support it. The amount of your support is up to you.

PayPal  kmuk001@gmail.com

Thank you.

e-mail - kmuk001@gmail.com

Telegram - @morgenluft

Telegram broadcasting - t.me/gjallarhorn_report

https://www.facebook.com/Gjallarhorn.report/

http://morgenluft.blogspot.com

#Gjallarhorn, #JPY, #yen, #USDJPY

 

[Gjallarhorn][걀라호른][JPY] 커져가는 안전자산 엔화 하락 가능성 2020 1203

[JPY] Risk-On Setiment 2020 1201

USD/JPY four-hour chart, source:FXDD.com

 cf. [JPY] Stable Yen 2020 0910

There is a downward trend line in the daily chart of currency pair USD/JPY since late February. It supports the short bias of US dollar against yen.

And the pair succeeded in rebounding on Monday. Before facing the resistance line by the daily chart, it seems to rise in the short term. There is about one big margin. It means the weak yen and risk-on sentiment. 

The greenback was down on early Tuesday due to the risk-on sentiment in Asian session. And risk-off asset yen retreats, too. It fell against major currencies including the US dollar.

The Dollar Index tracking the greenback against major currency basket succeeded in rebounding though the risk-on.

The market's expectation of more monetary easing measures from the Federal Reserve lowers the safety asset such as dollar and yen. Yen is more safe than dollar and the yen retreats more than the greenback.

The hopeful COVID-19 vaccines by Pfizer and Moderna for distribution stimulate the markets, though rising virus cases.

Dallas Fed President Robert Kaplan said on Monday that difficult months lie ahead. "We're bracing ourselves here," he said, adding that the central bank is open-minded about shifting or even expanding its bond buying program.

The President-elect Joe Biden appointed Janet Yellen, the former Fed Chair as the Threasury Secretary.

And U.S. FOMC meeting is held on December 17. The market participants expect the more market-friendly policy of FOMC but lower their expectation of the US fiscal stimulus in the year.

Meanwhile Gjallarhorn liquidated the long positions of euro-futures in CME, Chicago Mercantile Exchange.

---------------------------

Gjallahorn does not provide any signals, but tries for traders to get the insight into the market.

You can ask by messenger and e-mail.

Facebook messenger and telegram(@morgenluft) 

e-mail - kmuk001@gmail.com

You can join telegram channel t.me/gjallarhorn_report .

If this report was helpful to you, please support it. The amount of your support is up to you.

PayPal  kmuk001@gmail.com. 

Thank you.

e-mail - kmuk001@gmail.com

Telegram - @morgenluft

Telegram broadcasting - t.me/gjallarhorn_report

https://www.facebook.com/Gjallarhorn.report/

http://morgenluft.blogspot.com

#Gjallarhorn, #JPY, #yen, #USDJPY

[JPY] Stable Yen 2020 0910

USD/JPY four-hour chart, source:FXDD.com

cf. [JPY] Rising Yen 2020 0610

cf. [JPY] Risk-on, Falling Yen 2020 0603

cf. [JPY] Rising Yen 2020 0430

Gjallarhorn has the Long position of euro in the futures market, CME but doesn't have any position of Japanese Yen.

The weekly chart of currency pair USD/JPY shows the pair is on the downward trend. As it goes, USD/JPY has lowers its peaks. It supposes traders to have the short bias to the pair.

But we also need to know, there is sufficient margin from the current price in the four-hour chart and the one-hour chart.

In the short term, the price fluctuate and the fluctuation width diminishes step by step. The price seems to converge to 106.10x in four-hour chart. The convergence implies collecting the momentum and it could surge or plunge.

Meanwhile European Central Bank froze its benchmark interest rate to zero, and ECB spoke it would keep PEPP of 1.3 trillion euros while the press conference on Thursday. Risk-on asset prices have risen.

---------------------------

Gjallahorn does not provide any signals, but tries to bring traders to gain insight into the market.

You can ask by messenger and e-mail.

Facebook messenger and telegram(@morgenluft) 

e-mail - kmuk001@gmail.com

You can join telegram channel t.me/gjallarhorn_report .

If this report was helpful to you, please support it. The amount of your support is up to you.

PayPal  kmuk001@gmail.com. 

Thank you.

e-mail - kmuk001@gmail.com

Telegram - @morgenluft

Telegram broadcasting - t.me/gjallarhorn_report

https://www.facebook.com/Gjallarhorn.report/

http://morgenluft.blogspot.com

#Gjallarhorn, #JPY, #yen, #USDJPY

[JPY] Rising Yen 2020 0610

USD/JPY four-hour chart, source:FXDD.com

cf. [JPY] Risk-on, Falling Yen 2020 0603
cf. [JPY] Rising Yen 2020 0430

The currency pair USD/JPY retreats since last Friday evening(GMT). It moves steady on early Wednesday and it is expected that the pair plunges as Europe session begins. It means strong Yen and weak dollar. It may be restricted at 108.xx, the upper band of Bollinger Bands though it rises.

We could set 107.15 as a first support line. If the downward trend is strong, the pair could fall deeper to 106.07.

The recent downturn is due to weak greenback against major currencies. Market participants expect the easing policy will be confirmed at FOMC meeting scheduled on Wednesday. Federal Reserve is expected to keep dovish policy including Quantitative Easing and buying even junk bond at FOMC meeting.

The benchmark interest rate will be decided at FOMC meeting at 18:00(GMT), Wednesday. It is anticipated the rate will be frozen. Fed Chair Jerome Powell spoke the gloomy outlook of economy in May but he denied the possible negative benchmark interest rate, Federal Funds Rate.

Meanwhile Non-farm Payrolls in May recorded the 2.5 millions increase on last Friday. Market forecasted 7.75 millions decline but the better record supported greenback.

The key currency greenback will be kept downward trend. Then the risky currencies such as euro, sterling and aussie will rise. Japanese yen is the safe-haven asset, it seems to follow risky assets' route though.

Gjallarhorn keeps the long position of futures, euro-FX. It is liquidated in September.

---------------------------
You can ask by messenger and e-mail.
Facebook messenger and telegram(@morgenluft)
e-mail - kmuk001@gmail.com

You can join telegram channel t.me/gjallarhorn_report .

If this report was helpful to you, please support it. The amount of your support is up to you.

PayPal  kmuk001@gmail.com.

Thank you.






e-mail - kmuk001@gmail.com

Telegram - @morgenluft
Telegram broadcasting - t.me/gjallarhorn_report


https://www.facebook.com/Gjallarhorn.report/
https://www.facebook.com/heimdallr999/
http://morgenluft.blogspot.com

#Gjallarhorn, #JPY, #yen, #USDJPY

[JPY] Rising Yen 2020 0430

USD/JPY four-hour chart, source:FXDD.com

cf. [JPY] Steady Yen during Easter Holidays 2020 0411
cf. [JPY] Dollar's Rally against Yen 2020 0326
cf. [JPY] Falling Safe-Haven Asset Yen 2020 0320
cf. [JPY] Fear Easing and Yen Falling 2020 0205

The currency pair, USD/JPY which has moved in the channel, slips in the week. Japanese yen plunge in last month, but it retreats in the month.

Japanese yen has been resisted at price 105.3s against US dollar. And the price is tested as a resistance line, again. The currency pair keeps downward trend in one-hour chart, Thursday, it means strong yen and weak dollar.

The advance 1st quarter GDP was released -4.8 percent on Wednesday due to the pandemic. It shows the record-long US economic growth has been over. And Federal Open Market Committee, FOMC froze its benchmark interest rate band zero~0.25 percent, this day.

It led greenback fell. Though dollar falls and yen rises, it is anticipated yen to face the resistance line around 105.3x.

US unemployment claims is released on Thursday. It is forecasted 3.5 millions, which was 4.4 millions last week. It has hit more 6 millions, historical high.

As the fear of the pandemic covid-19 eases gradually, the market participants expect economy resumption.

The positive signals to financial market makes investors buy risky asset such as euro. And risk-off yen may fall against less risk-off dollar.

Gjallarhorn has a long position of futures, euro fx 2020-06 and it is under the loss.

------------------------
You can join telegram channel t.me/gjallarhorn_report .

If this report was helpful to you, please support it. The amount of your support is up to you.

PayPal  kmuk001@gmail.com.

Thank you.






e-mail - kmuk001@gmail.com

Telegram - @morgenluft
Telegram broadcasting - t.me/gjallarhorn_report


https://www.facebook.com/Gjallarhorn.report/
https://www.facebook.com/heimdallr999/
http://morgenluft.blogspot.com

#Gjallarhorn, #JPY, #yen, #USDJPY

[JPY] Steady Yen during Easter Holidays 2020 0411

USD/JPY four-hour chart, source:FXDD.com

cf. [JPY] Dollar's Rally against Yen 2020 0326
cf. [JPY] Falling Safe-Haven Asset Yen 2020 0320
cf. [JPY] Fear Easing and Yen Falling 2020 0205

The currency pair USD/JPY which has plunged succeeded to rebound forming V pattern and was in the correction in the daily chart.

It seems that the currency pair returns to the ordinary channel, and it implies the pair rises in the short-and-mid term and dollar rises.

US dollar rose against Japanese Yen forming double-bottoms pattern in late March, but it didn't rise sufficiently and sidles in the four-hour chart.

The rising currency pair means greenback rises against safety-haven yen.

US unemployment claims hit 6.6 millions on Thursday. It was expected 5 millions and 6.8 millions in previous week. It was bad news to dollar and yen gained.

The health care problem of COVID-19 affects finance market as well as real economy.

First, the pandemic coronavirus should be controlled. Then the market will return to the normal state. As well as watching the chart and news, we have to be interested in the news about the pandemic.

After the announcement of the Olympic games in Tokyo's postponement to next year, the number of CoViD-19 surges. Japanese worry the epidemic very much and it hurts Japanese economy.

The postponement of Olympic games itself has given the large loss to Tokyo.

It burdens Japanese economy and currency yen.

Easter holidays began from Friday. Almost banks in Europe and America are closed during the holidays, and the price movement is expected to be steady.

Gjallarhorn has a long position of futures, euro fx 2020-06.

------------------------
You can join telegram channel t.me/gjallarhorn_report .

If this report was helpful to you, please support it. The amount of your support is up to you.

PayPal  kmuk001@gmail.com.

Thank you.






e-mail - kmuk001@gmail.com

Telegram - @morgenluft
Telegram broadcasting - t.me/gjallarhorn_report


https://www.facebook.com/Gjallarhorn.report/
https://www.facebook.com/heimdallr999/
http://morgenluft.blogspot.com

#Gjallarhorn, #JPY, #yen, #USDJPY #걀라호른