USD/JPY – US Dollar Nosedives Below Key Support Vs Japanese Yen

Key Highlights The US Dollar was under a lot of pressure lately and declined below 108.50 against the Japanese Yen. There is a key resistance forming near 108.50 on the 4-hours chart of USD/JPY. Japan’s Gross Domestic Product in Q2 2017 increased 0.6%, less than the forecast of +0.7% (QoQ). Japan’s Current Account in July 2017 posted a trade surplus of ¥2,320...
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USDJPY – US Dollar Establish a Bearish Trend Vs Japanese Yen

Key Highlights The US Dollar has formed a short-term top near 114.37 against the Japanese Yen. The USDJPY moved down sharply, and broke a major bullish trend line at 113.50 on the 4-hours chart. Today in Japan, the Gross Domestic Product for Q1 2017 (Preliminary) reading released by the Cabinet Office posted an increase of 2.2%. In the US, Initial Jobless Claims w...
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USDJPY – US Dollar Target Additional Gains Vs Japanese Yen

Key Highlights The US Dollar stayed above the 113.50 support against the Japanese yen, and look to extend gains. The USDJPY pair needs to clear a bearish trend line with resistance at 114.50 on the 4-hours chart to extend gains. Today in Japan, the Gross Domestic Product for Q1 2017 was released by the Cabinet Office, which registered a growth rate of 0.3%, vs the 0....
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USDJPY – US Dollar Primed For Lift-Off Vs Japanese Yen

USDJPY - US Dollar Primed For Lift-Off Vs Japanese Yen Key Highlights The US Dollar traded higher against the Japanese yen, and remained above the 113.50 support. There is a monster bullish trend line formed on the 4-hours chart of USDJPY, which acted as a support on many occasions. Today in Japan, the Gross Domestic Product released by the Cabinet Office posted a r...
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