USD/JPY drops back to 110.50 as risk-off remains at full steam
5/7/2019 10:12:04 AM
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The USD/JPY pair failed once again to sustain at higher levels near 110.85 region and turned gradually lower to print fresh daily lows at 110.54, as r

  • Drops in tandem with S&P 500 futures and Treasury yields
  • Risk-off intensifies as optimism over China’s Liu visit confirmation fades.
  • Focus shifts to Fedspeak and US JOLTS job openings data.
  • Drops in tandem with S&P 500 futures and Treasury yields
  • Drops in tandem with S&P 500 futures and Treasury yields
  • Risk-off intensifies as optimism over China’s Liu visit confirmation fades.
  • Risk-off intensifies as optimism over China’s Liu visit confirmation fades.
  • Focus shifts to Fedspeak and US JOLTS job openings data.
  • Focus shifts to Fedspeak and US JOLTS job openings data.

    The USD/JPY pair failed once again to sustain at higher levels near 110.85 region and turned gradually lower to print fresh daily lows at 110.54, as risk-off moods intensified following some headlines reported by the Chinese Communist Party paper, People’s Daily on the renewed US-China trade spat.

    USD/JPY

    The Chinese daily carried a strongly-worded editorial, warning the US not to expect any concessions at the trade talks in DC, CNBC reported. The editorial read: “When things are unfavorable to us, no matter how you ask, we will not take any step back. Do not even think about it.”

    The Yen caught a fresh bid-wave and quickly erased losses incurred against its American counterpart following the above-mentioned headlines. The S&P 500 futures accelerated its declines and tested the 2,900 level while the Treasury yields lose nearly 1% across the curve.

    In early Europe, the USD/JPY pair bounced to fresh session tops at 110.85 after markets cheered the confirmation reports of the Chinese Vice Premier Liu He visiting the US from May 9th to May 10th, despite the recent Trump’s tariff threat.

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    The spot now remains well offered heading towards the Fedspeak and US JOLT jobs opening data release, having found little support from the renewed uptick in the US dollar across its main rivals.

    US dollar

    USD/JPY Technical Levels

    USD/JPY Technical Levels

    USD/JPY

    Overview
    Today last price 110.57
    Today Daily Change -0.19
    Today Daily Change % -0.17
    Today daily open 110.76
     
    Trends
    Daily SMA20 111.64
    Daily SMA50 111.37
    Daily SMA100 110.62
    Daily SMA200 111.5
    Levels
    Previous Daily High 110.96
    Previous Daily Low 110.28
    Previous Weekly High 111.9
    Previous Weekly Low 111.05
    Previous Monthly High 112.4
    Previous Monthly Low 110.8
    Daily Fibonacci 38.2% 110.7
    Daily Fibonacci 61.8% 110.54
    Daily Pivot Point S1 110.37
    Daily Pivot Point S2 109.99
    Daily Pivot Point S3 109.69
    Daily Pivot Point R1 111.05
    Daily Pivot Point R2 111.35
    Daily Pivot Point R3 111.73

     

    USD/JPY

    Overview
    Today last price 110.57
    Today Daily Change -0.19
    Today Daily Change % -0.17
    Today daily open 110.76
     
    Trends
    Daily SMA20 111.64
    Daily SMA50 111.37
    Daily SMA100 110.62
    Daily SMA200 111.5
    Levels
    Previous Daily High 110.96
    Previous Daily Low 110.28
    Previous Weekly High 111.9
    Previous Weekly Low 111.05
    Previous Monthly High 112.4
    Previous Monthly Low 110.8
    Daily Fibonacci 38.2% 110.7
    Daily Fibonacci 61.8% 110.54
    Daily Pivot Point S1 110.37
    Daily Pivot Point S2 109.99
    Daily Pivot Point S3 109.69
    Daily Pivot Point R1 111.05
    Daily Pivot Point R2 111.35
    Daily Pivot Point R3 111.73

    USD/JPY

    Overview
    Today last price 110.57
    Today Daily Change -0.19
    Today Daily Change % -0.17
    Today daily open 110.76
     
    Trends
    Daily SMA20 111.64
    Daily SMA50 111.37
    Daily SMA100 110.62
    Daily SMA200 111.5
    Levels
    Previous Daily High 110.96
    Previous Daily Low 110.28
    Previous Weekly High 111.9
    Previous Weekly Low 111.05
    Previous Monthly High 112.4
    Previous Monthly Low 110.8
    Daily Fibonacci 38.2% 110.7
    Daily Fibonacci 61.8% 110.54
    Daily Pivot Point S1 110.37
    Daily Pivot Point S2 109.99
    Daily Pivot Point S3 109.69
    Daily Pivot Point R1 111.05
    Daily Pivot Point R2 111.35
    Daily Pivot Point R3 111.73

    USD/JPY

    Overview
    Today last price 110.57
    Today Daily Change -0.19
    Today Daily Change % -0.17
    Today daily open 110.76
     
    Trends
    Daily SMA20 111.64
    Daily SMA50 111.37
    Daily SMA100 110.62
    Daily SMA200 111.5
    Overview
    Today last price 110.57
    Today Daily Change -0.19
    Today Daily Change % -0.17
    Today daily open 110.76
    Overview Overview Overview Today last price 110.57 Today Daily Change -0.19 Today Daily Change % -0.17 Today daily open 110.76 Today last price 110.57 Today last price110.57110.57 Today Daily Change -0.19 Today Daily Change-0.19-0.19 Today Daily Change % -0.17 Today Daily Change %-0.17-0.17 Today daily open 110.76 Today daily open110.76110.76
     
    Trends
    Daily SMA20 111.64
    Daily SMA50 111.37
    Daily SMA100 110.62
    Daily SMA200 111.5
    Trends Trends Trends Daily SMA20 111.64 Daily SMA50 111.37 Daily SMA100 110.62 Daily SMA200 111.5 Daily SMA20 111.64 Daily SMA20111.64111.64 Daily SMA50 111.37 Daily SMA50111.37111.37 Daily SMA100 110.62 Daily SMA100110.62110.62 Daily SMA200 111.5 Daily SMA200111.5111.5
    Levels
    Previous Daily High 110.96
    Previous Daily Low 110.28
    Previous Weekly High 111.9
    Previous Weekly Low 111.05
    Previous Monthly High 112.4
    Previous Monthly Low 110.8
    Daily Fibonacci 38.2% 110.7
    Daily Fibonacci 61.8% 110.54
    Daily Pivot Point S1 110.37
    Daily Pivot Point S2 109.99
    Daily Pivot Point S3 109.69
    Daily Pivot Point R1 111.05
    Daily Pivot Point R2 111.35
    Daily Pivot Point R3 111.73
    Levels
    Previous Daily High 110.96
    Previous Daily Low 110.28
    Previous Weekly High 111.9
    Previous Weekly Low 111.05
    Previous Monthly High 112.4
    Previous Monthly Low 110.8
    Daily Fibonacci 38.2% 110.7
    Daily Fibonacci 61.8% 110.54
    Daily Pivot Point S1 110.37
    Daily Pivot Point S2 109.99
    Daily Pivot Point S3 109.69
    Daily Pivot Point R1 111.05
    Daily Pivot Point R2 111.35
    Daily Pivot Point R3 111.73
    Levels Levels Levels Previous Daily High 110.96 Previous Daily Low 110.28 Previous Weekly High 111.9 Previous Weekly Low 111.05 Previous Monthly High 112.4 Previous Monthly Low 110.8 Daily Fibonacci 38.2% 110.7 Daily Fibonacci 61.8% 110.54 Daily Pivot Point S1 110.37 Daily Pivot Point S2 109.99 Daily Pivot Point S3 109.69 Daily Pivot Point R1 111.05 Daily Pivot Point R2 111.35 Daily Pivot Point R3 111.73 Previous Daily High 110.96 Previous Daily High110.96110.96 Previous Daily Low 110.28 Previous Daily Low110.28110.28 Previous Weekly High 111.9 Previous Weekly High111.9111.9 Previous Weekly Low 111.05 Previous Weekly Low111.05111.05 Previous Monthly High 112.4 Previous Monthly High112.4112.4 Previous Monthly Low 110.8 Previous Monthly Low110.8110.8 Daily Fibonacci 38.2% 110.7 Daily Fibonacci 38.2%110.7110.7 Daily Fibonacci 61.8% 110.54 Daily Fibonacci 61.8%110.54110.54 Daily Pivot Point S1 110.37 Daily Pivot Point S1110.37110.37 Daily Pivot Point S2 109.99 Daily Pivot Point S2109.99109.99 Daily Pivot Point S3 109.69 Daily Pivot Point S3109.69109.69 Daily Pivot Point R1 111.05 Daily Pivot Point R1111.05111.05 Daily Pivot Point R2 111.35 Daily Pivot Point R2111.35111.35 Daily Pivot Point R3 111.73 Daily Pivot Point R3111.73111.73