Thread: USD/JPY Update

USDJPY was reflecting the rising risk appetite in the 28th session. Today’s FOMC meeting could include more quantitative easing steps...
USD/JPY testing the 97.00 figure after probing 95.60 yesterday...
Resistances
97,15 - 97,60
Supports
96,60 - 96,30

Originally Posted by master_mark

USDJPY was reflecting the rising risk appetite in the 28th session. Today’s FOMC meeting could include more quantitative easing steps...
USD/JPY testing the 97.00 figure after probing 95.60 yesterday...
Resistances
97,15 - 97,60
Supports
96,60 - 96,30

USD/JPY became extremely high today. Did FOMC increase interest rates? I didn't expect it
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The pair is in a consolidation after the last bullish movement.
Here is a long term chart people
GOOD TRADES!!!

The uptrend should continue on 55 pips resistance.
Here is a long term chart people
GOOD TRADES!!!

Hi all!
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The estimated test of key supports for the implementation of pre-planned long positions has not been confirmed, and further developments including the last week top’s renewal against the background of rate overbought were not the positive moment for implementation of break-out variant for buyers. At the moment, considering relative strengthening of bearish resistance level as well as keeping to the priority of bullish direction of planning we can assume probability of rate resumption to 99,00/20 supports where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for the short-term buying positions on condition of the formation of topping signals the targets will be 99,60/80 and (or) further break-out variant up to 100,20/40, 100,80/101,00.The alternative for sales will be below 98,60 with the targets 98,00/20, 97,40/60.

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I prefer to short this guy.. but still wait for confirmation..
here is my daily chart.. momentum all pointing down.. RSI also pointing down.. price already break red trendline and retest..
Target is around 93.11 area..
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I update everyday my signal for any time frame..

News of Japan’ s fall into a deflationary period came on later Thursday evening into early Friday morning and hit the Yen hard. Figures confirmed that the Japanese economic output fell 3.2% in the fourth quarter, joblessness rose to 4.8 percent with little positive news for those seeking to be employed.

A survey found that there is only 1 job available for every two people who are currently unemployed and with more companies such as Suzuki, Sony and Yamaha implementing phased layoff plans, the number of those out of work is sure to rise. Exports were at half the levels that they were one year ago and their too are seen to continue falling as overseas demand continues to wane.

At the close of Daily FX market, the Yen was down .51% to the Dollar to 99.1 a two week low, down .8% to the Euro to 131.52, and down 1.17% to the Australian Dollar to 72.4, also a 2 week low, down 1.4% to the British Pound to 147.85 and down .91% to the Swiss Franc to 87.25.

It is projected that the usdjpy could get closer to 110.00 yens per dollar.
Right now, the par is under 100.00.



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Regards!!

The dollar yen continues to consolidate sideways and was one of the few pairs that failed to benefit from a sustained US dollar sell off on Friday.

With all three moving averages intertwined and with daily candles showing little prospect of wide spread break outs or any discernible trend, this sideways action seems destined to continue for some time to come, offering swing traders excellent opportunities between 100 and 94.50 with a bias to the short side being currently favoured.

I very much appreciate your answer!
It is very good info
Regards!