USD JPY weekly outlook

Treasury is fighting market forces just as Warsh wants them to do more of the work. The battle over who sets long-term borrowing costs could be the defining driver for USD/JPY this week.

USD/JPY barely responded to softer US data and falling Fed hike bets last week. With the calendar thinning, the price action may be the more important signal.

Speculative yen shorts are far less stretched, but the focus now shifts to US inflation. Another hot print could quickly revive Fed hike expectations and support USD/JPY.

Coordinated intervention has pushed fundamentals and technicals into the background for now. The next chapter will likely be written by Friday's payrolls report.

The bullish breakout played out exactly as anticipated last week. Now traders face a bigger question: can higher energy prices and widening policy divergence propel USD/JPY through 164?

USD/JPY has broken out of its July range to trade at fresh yearly highs. Key resistance just overhead may determine whether the rally accelerates or stalls.

The yen remains on the back foot despite softer US inflation, while USD/JPY continues to compress beneath key resistance. Here's what matters this week and the levels that could determine the next major move.

For the first time in months, USD/JPY no longer looks like a straightforward buy-the-dip trade. Intervention risk, stretched positioning and arrival of a bearish technical signal have changed the complexion of the market.

USD/JPY continues to rally despite growing intervention threats, with the breakout now approaching its next major resistance test.

USD/JPY is knocking on the door of a major breakout, but BOJ intervention risk continues to keep traders on edge. Can Fed Chair Kevin Warsh or Thursday's US payrolls report finally provide the catalyst?

The threat of BOJ intervention hangs over USD/JPY once again. But unless the US rates outlook changes materially, the fundamental and technical backdrop continues to favour further upside.

USD/JPY had every reason to break lower last week. Falling oil prices, softer core US inflation and lower Treasury yields weren't enough. With the Fed, BOJ and a potential US-Iran deal looming, what finally breaks the stalemate?