{"id":15740,"date":"2024-11-12T01:36:24","date_gmt":"2024-11-12T01:36:24","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=15740"},"modified":"2024-11-12T01:36:24","modified_gmt":"2024-11-12T01:36:24","slug":"usdjpy-bolstered-on-japanese-earnings","status":"publish","type":"post","link":"https:\/\/www.global-vtrader.com\/en\/analysis\/usdjpy-bolstered-on-japanese-earnings\/","title":{"rendered":"USDJPY Bolstered on Japanese Earnings"},"content":{"rendered":"\n<p class=\"has-medium-font-size wp-block-paragraph\"><strong>Key points:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>USDJPY edges up to 153.62 as Japan\u2019s weak yen boosts stocks and traders anticipate local earnings reports.<\/li>\n\n\n\n<li>Core US inflation data expected at 3.3% could impact Fed\u2019s rate decision and further support dollar strength.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\" \/>\n\n\n\n<p class=\"wp-block-paragraph\">USD\/JPY continued its upward climb, nudging up to 153.62 as Tokyo markets opened with the yen showing little strength against a rallying dollar.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/wp-content\/uploads\/2024\/11\/image-23-1024x442.jpeg\" alt=\"\" class=\"wp-image-15741\" style=\"width:1450px;height:auto\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><em>Picture: The USDJPY shows upward momentum, closing at 153.861 with a recent high at 153.898, while MACD signals mild bullish sentiment, as seen on the <a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\" title=\"\">VT Markets app<\/a>.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The trend remains bullish with the USDJPY continuing its upward movement. Traders should watch for a break above 153.898 to confirm further upside potential, while monitoring the 153.500 support as a key level to maintain the current trend.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A weaker yen often gives Japanese exporters an advantage, and today, that story played out in the stock market. Japanese automakers like Suzuki Motor, up 5.5%, and financial giants like Mizuho, up 2.6%, surged as traders grew optimistic about earnings in light of the yen&#8217;s slump.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">The newfound influence of opposition lawmakers in Japan has investors looking for gains in the shares of retailers and electricity generators <a href=\"https:\/\/t.co\/wyd0kyFKln\">https:\/\/t.co\/wyd0kyFKln<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/1856115633135514101?ref_src=twsrc%5Etfw\">November 11, 2024<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Recruit Holdings added fuel to the fire, posting an impressive 5.0% gain after revising its revenue and profit forecasts for the year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Across the Pacific, though, traders are eyeing inflation and what it means for the USD\u2019s next move. Tomorrow\u2019s <strong><a href=\"https:\/\/t.co\/5EjxUBtxDl\">US Consumer Price Index data<\/a><\/strong> could reveal a 3.3% increase in core inflation for October, marking the third consecutive month at this rate.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This steady inflation profile keeps the Fed\u2019s options open, with a December rate cut still on the table, but only if the data doesn\u2019t bring surprises. Bank of America economists remind us that inflation risks lean upwards.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>See also: <a href=\"https:\/\/www.vtmarkets.com\/analysis\/dollar-rises-ahead-of-fed-speakers\/\">Dollar Rises Ahead of Fed Speakers<\/a><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The interplay of fiscal policies, <strong><a href=\"https:\/\/t.co\/AJqzFRDdmR\">potential tariff hikes<\/a><\/strong>, and <strong><a href=\"https:\/\/t.co\/S0CLeisOYn\">immigration constraints<\/a><\/strong> could add fuel to the inflation fire, pushing the Fed to rethink its approach.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At the heart of these inflation dynamics is the US dollar itself, which has been gaining strength and turning heads in Tokyo as Japanese companies wonder just how much further USD\/JPY could go.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With core inflation steady at 3.3% and markets bracing for any shifts, the dollar\u2019s climb leaves many questioning whether USD\/JPY will test higher levels before year-end.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As US bond yields climb and the <strong><a href=\"https:\/\/x.com\/Reuters\/status\/1855763706313130120\">Fed weighs its options<\/a><\/strong>, USD\/JPY seems poised to continue testing upper levels.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Start trading now \u2014 click\u00a0<a href=\"https:\/\/www.vtmarkets.com\/trade-now\/?utm_campaign=account_c&amp;utm_source=dma&amp;utm_medium=website\">here<\/a>\u00a0to create your live VT Markets account.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>USDJPY edges higher as a weak yen supports Japanese stocks, while American inflation concerns hint at possible interest rate decisions. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[27],"tags":[28,12,30],"class_list":["post-15740","post","type-post","status-publish","format-standard","hentry","category-analysis","tag-dollar","tag-forex","tag-yen"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/posts\/15740","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/comments?post=15740"}],"version-history":[{"count":0,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/posts\/15740\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/media?parent=15740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/categories?post=15740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/tags?post=15740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}