USD/JPY Could Decline Further Below 109.50

Key Highlights The US Dollar failed to break 110.65 and declined recently against the Japanese Yen. A crucial bearish trend line is active with resistance at 110.50 on the 4-hours chart of USD/JPY.The US Initial Jobless Claims for the week ending May 18, 2019 declined from 212K to 211K.The US Durable Goods in April 2019 might decline 2%, down from the last +2.8%. USDJPY ...
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EUR/JPY Rebound Facing Uphill Task

Key Highlights The Euro tested the 122.00 support area and corrected higher against the Japanese Yen. EUR/JPY traded above a key bearish trend line with resistance near 122.75 on the 4-hours chart.The Euro Area Consumer Confidence in May 2019 (Prelim) increased from -7.3 to -6.5.ECB’s President Draghi speech today could impact EUR/USD and EUR/JPY. EURJPY Technical Anal...
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USD/JPY Daily Chart Suggests Crucial Downside Break

Key Highlights The US Dollar declined sharply after it was rejected above 112.00 against the Japanese Yen.USD/JPY traded below a crucial bullish trend line with support at 111.05 on the daily chart.The US PPI in April 2019 increased 2.2% (YoY), less than the +2.3% forecast.The US CPI in April 2019 could rise 2.1% (YoY), up from than the last +1.9%. USDJPY Technical Analy...
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USD/JPY Range Bound Below Key 112.00 Resistance

Key Highlights The US Dollar failed to hold gains above 112.20 and declined recently against the Japanese Yen.A crucial bearish trend line in place with resistance near 111.85 on the 4-hours chart of USD/JPY.The US Initial Jobless Claims in the week ending April 27, 2019 were unchanged from 230K.The US nonfarm payrolls in April 2019 could decline from 196K to 185K. USDJP...
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USD/JPY Near Crucial Juncture Ahead of US GDP Release

Key Highlights The US Dollar spiked higher, but failed to stay above 112.00 against the Japanese Yen.An ascending channel is in place with support near 111.30 on the 4-hours chart of USD/JPY.The US Durable Goods Orders in March 2019 gained 2.7% (MoM), more than the 0.8% forecast.The US Gross Domestic Product in Q1 2019 (Prelim) could increase 2.1%, less than the last 2.2%. ...
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USD/JPY Daily Chart Suggests Pair Approaching Crucial Resistance

Key Highlights The US Dollar settled above the 110.60 and 111.50 resistances against the Japanese Yen.USD/JPY could attempt to surpass a crucial bearish trend line at 112.60 on the daily chart.The US Retail Sales in March 2019 increased 1.6% (MoM), more than the +0.9% forecast.The US Housing Starts in March 2019 could increase 6.5% (MoM), whereas the last was -8.7%. USDJ...
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GBP/JPY Remains Supported On Dips Near 145.60

Key Highlights The British Pound traded higher recently and tested 147.00 against the Japanese Yen.GBP/JPY surpassed two key bearish trend lines near 145.90 on the 4-hours chart.The UK Claimant Count in March 2019 changed 28.3K, more than the 20.0K forecast.The UK Consumer Price Index in March 2019 (YoY) could increase 2.0%. GBPJPY Technical Analysis The British Pound...
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USD/JPY Testing Crucial Resistance Near 112.00

Key Highlights The US Dollar corrected lower this week and recently rebounded above 111.50 against the Japanese Yen.A major bullish trend line is formed with support at 111.10 on the 4-hours chart of USD/JPY.The US Initial Jobless Claims for the week ending April 06, 2019 declined to 196K.The Michigan Consumer Sentiment Index in April 2019 (Prelim) might drop from 98.4 to 9...
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Can USD/JPY Surpass The Key 112.00 Resistance?

Key Highlights The US Dollar climbed higher and broke the 111.00 resistance against the Japanese Yen.USD/JPY broke a major bearish trend line at 111.15 on the 4-hours chart.The US Initial Jobless Claims for the week ending March 30, 2019 declined to 202K from 212K.The US Nonfarm Payrolls in March 2019 could rise from 20K to 180K. USDJPY Technical Analysis After formin...
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USD/JPY Could Struggle Near 111.00 Resistance

Key Highlights The US Dollar found support near 109.70 and recently rebounded higher against the Japanese Yen. A crucial resistance is formed near the 111.00 zone on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending March 23, 2019 declined from 216K to 211K. The US Personal Income for Feb 2019 is likely to increase 0.3% (MoM). USDJ...
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