Japanese yen news

Massive gains by the Japanese Yen on soaring investor confidence in Japan, plus a weaker US Dollar on the prospect of more interest rate cuts due in 2026, dominated the markets last week.

Weekly outlook covering USD pairs, gold and silver, highlighting technical levels, trends and potential breakout opportunities.

The US dollar is testing key support at the 152-yen level and the 200-day EMA, with Friday’s CPI data likely to determine the next major move in USD/JPY.

Higher Average Hourly Earnings, Non-Farms Put Hawkish Tilt on Rate Cuts, 25bps Still Expected in June; Mimura Comments Halt Yen Rise; Bitcoin Still Looking Weak; Stocks Consolidating or Weakly Bullish

The US dollar tried to rally on Tuesday but failed miserably against the Japanese yen.

Weak US Retail Sales Data Sent US Yields, Dollar Lower; USD/JPY Falls Strongly for 3rd Day; Global Stocks Hit Record High, but Major US Indices Mostly Subdued, Asia Doing Best; Gold Holds Above $5k on US Rate Cut Hopes; Bitcoin Remains Held by Resistance

The US dollar plunged against the Japanese yen during the trading session on Monday, and it looks like we will be trying to find value on a dip yet again.

The interest rate differential continues to be a mainstay of this pair, as we are levitating into the weekend, looking bullish overall.

Japanese Yen Strengthens on Intervention Threat After LDP Wins Lower House Supermajority; Stocks and Precious Metals Gain, Gold Above $5,000; Crude Oil Falls on Iran Talks, But Markets Still Predict War