Abhoy Sarkar's Avatar
published in Blogs
Dec 27, 2018

Is Japan Ready to Take On Yen (USDJPY, 111.206 JPY) Volatility?

Japan is apparently ready to tackle volatility in its currency.

On Wednesday, Japan’s vice finance minister for international affairs Masatsugu Asakawa indicated that rising volatility in the Japanese currency yen is a concern, and that the government is willing to take necessary steps to curb excessive volatility in the currency's market value.

"Volatility is rising. Each country shares the G7/G20 view that excess volatility and disorderly moves are undesirable for the economy," Asakawa said, while adding, "We will keep close watch on market moves with a sense of urgency, while thoroughly checking to see if there's any speculative move". However, Asakawa did not seem to elaborate much on what the action would be. 

The U.S. dollar fell to a four-month low of 110 yen on Tuesday. A strong currency potentially makes the nation's exports pricier – a headwind to the global demand for the latter.

According to Asakawa, the government should facilitate the smooth passage of budget bills in parliament next year to bolster the economy while the central bank would continue with monetary easing in line with its 2 percent inflation target. He also emphasizes that Japan’s economic fundamentals are in good form.

Related Ticker: USDJPY

USDJPY in +1.02% Uptrend, growing for three consecutive days on May 25, 2023

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where USDJPY advanced for three days, in of 311 cases, the price rose further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on May 12, 2023. You may want to consider a long position or call options on USDJPY as a result. In of 111 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for USDJPY just turned positive on May 14, 2023. Looking at past instances where USDJPY's MACD turned positive, the stock continued to rise in of 93 cases over the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 279 cases where USDJPY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 11 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where USDJPY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

USDJPY broke above its upper Bollinger Band on May 17, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

Market Cap

The average market capitalization across the group is 0. The market cap for tickers in the group ranges from 0 to 0. USDJPY holds the highest valuation in this group at 0. The lowest valued company is USDJPY at 0.

High and low price notable news

The average weekly price growth across all stocks in the group was 2%. For the same group, the average monthly price growth was 5%, and the average quarterly price growth was 2%. USDJPY experienced the highest price growth at 2%, while USDJPY experienced the biggest fall at 2%.

Volume

The average weekly volume growth across all stocks in the group was 0%. For the same stocks of the group, the average monthly volume growth was 0% and the average quarterly volume growth was 0%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating:
P/E Growth Rating:
Price Growth Rating:
SMR Rating:
Profit Risk Rating:
Seasonality Score: (-100 ... +100)
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