{"id":16574,"date":"2020-07-27T07:34:57","date_gmt":"2020-07-27T05:34:57","guid":{"rendered":"https:\/\/bernstein-bank.com\/?p=16574\/"},"modified":"2020-07-27T07:34:57","modified_gmt":"2020-07-27T05:34:57","slug":"usd-jpy-is-under-attack","status":"publish","type":"post","link":"https:\/\/bernstein-bank.com\/en\/usd-jpy-is-under-attack\/","title":{"rendered":"USD\/JPY is under attack!"},"content":{"rendered":"\n\n\n
\n

Gold<\/span>\u00a0 \u00a01933,645
\n(+1,71%<\/span>)<\/h4>\n<\/th>\n

\n

EURUSD<\/span>\u00a0 \u00a01,1701
\n( +0,39%<\/span>)<\/h4>\n<\/th>\n

\n

DJIA<\/span>\u00a0 26428,50
\n(+0,24%<\/span>)<\/h4>\n<\/th>\n

\n

OIL.WTI<\/span>\u00a0 41,27
\n(+0,17%<\/span>)<\/h4>\n<\/th>\n

\n

DAX<\/span>\u00a0 \u00a012832,13
\n(+0,01%<\/span>)<\/h4>\n<\/th>\n<\/tr>\n<\/tbody>\n<\/table>\n

A few days ago we were speculating about what would happen to the Japanese currency in case of a correction in the stock markets. On Friday, the American stock market was declining for the second consecutive day. This has not happened since mid-June. We cannot even call it a small correction yet. The decline was only 2%. But what is happening in the pair dollar\/yen?<\/p>\n


\nUSD\/JPY<\/strong><\/p>\n

\"USDJPY\"<\/p>\n

Above is the weekly chart of this pair. It is not the usual daily timeframe, but the weekly one. To visually easier understand the potential of the movement. The nearest target, if the correction in the stock market will continue, is 100 yen for 1 USD. And then the abyss opens.
\nOur readers may argue. In spring, on the decline, the pair did not go below 100. Yes, it did. But there’s a big difference. In the spring, there were not yet trillions of new dollars in the market. And now there are. And there’s pressure on the U.S. dollar, which started falling to all currencies.
\nTo get an even better idea of what’s going on, you should look at the monthly chart. And remember where this pair was against the background of quantitative easing after the 2008 crisis. So, during several years dollar\/yen pair was significantly below the level of 100. And it was going down to the values of 75 USD\/JPY. Although it’s hard to believe it now.<\/p>\n


\nGold
\n<\/strong><\/p>\n

At the auction on Friday, yellow metal grew for 6 consecutive days. From the highs of the day only about $ 15 left to the top, which was shown in 2011. Theoretically, there is no reason why we won’t see a new all-time high this week.
\nFurther the situation can develop in 2 ways.
\n\u2022 The market will make a small correction related to profit taking. And then there’ll be a small flat again.
\n\u2022 The market on the contrary will accelerate to reach the level of $2000 as soon as possible.<\/p>\n


\nWhat’s waiting for us today?<\/strong><\/p>\n

10:00 IFO Germany Economic Expectations Index for July
\n14:30 US Durable Goods Orders in June
\n16:30 U.S. Dallas FRS industry index for July<\/p>\n

\n

Important Notes on This Publication: <\/small><\/p>\n

The content of this publication is for general information purposes only. In this context, it is neither an individual investment recommendation or advice nor an offer to purchase or sell securities or other financial products. The content in question and all the information contained therein do not in any way replace individual investor- or investment-oriented advice. No reliable forecast or indication for the future is possible with respect to any presentation or information on the present or past performance of the relevant underlying assets. All information and data presented in this publication are based on reliable sources. However, Bernstein Bank does not guarantee that the information and data contained in this publication is up-to-date, correct and complete. Securities traded on the financial markets are subject to price fluctuations. A contract for difference (CFD) is also a financial instrument with leverage effect. Against this backdrop, CFD trading involves a high risk up to the point of total loss and may not be suitable for all investors. Therefore, make sure that you have fully understood all the correlating risks. If necessary, ask for independent advice.<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

Gold\u00a0 \u00a01933,645 (+1,71%) EURUSD\u00a0 \u00a01,1701 ( +0,39%) DJIA\u00a0 26428,50 (+0,24%) OIL.WTI\u00a0 41,27 (+0,17%) DAX\u00a0 \u00a012832,13 (+0,01%) A few days ago we were speculating about what would happen to the Japanese…<\/p>\n","protected":false},"author":37,"featured_media":13158,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-16574","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nUSD\/JPY is under attack! | Bernstein Bank<\/title>\n<meta name=\"description\" content=\"A few days ago we were speculating about what would happen to the Japanese currency in case of a correction in the stock markets.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bernstein-bank.com\/en\/usd-jpy-is-under-attack\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"USD\/JPY is under attack! 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