USD/JPY Facing Significant Hurdles Near 108.80

Key Highlights The US Dollar recovered recently and moved above 107.20 against the Japanese Yen. There is a crucial bearish trend line formed with resistance at 108.45 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending Jan 05, 2018 declined from 233K (revised) to 216K. The US Consumer Price Index for Dec 2018 will be released today,...
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USD/JPY Tumbles, Recovery Remains Limited

Key Highlights The US Dollar declined more than 500 pips from the 111.40 high against the Japanese Yen. There is a major bearish trend line formed with resistance at 109.60 on the 4-hours chart of USD/JPY. The US ADP Employment Change in Dec 2018 increased 271K, more than the 178K forecast. Today in the US, the nonfarm payrolls figure for Dec 2018 will be released...
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USD/JPY Remains In Downtrend Below 112.00

Key Highlights The US Dollar struggled to recover above the 111.40 level and declined against the Japanese Yen. There is a crucial bearish trend line in place with resistance at 111.50 on the 4-hours chart of USD/JPY. The US Housing Price Index in Oct 2018 increased 0.3% (MoM), more than the last +0.2%. Today in the US, the New Home Sales figure will be released, ...
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USD/JPY Nosedives Below 112.00, US GDP Next

Key Highlights The US Dollar declined heavily and broke the 112.00 support against the Japanese Yen. USD/JPY failed to break the 113.80-114.00 resistance zone and declined sharply. The US Initial Jobless Claims for the week ending Dec 15, 2018 increased from 206K to 214K. Today, the US Gross Domestic Product for Q3 2018 will be released, which is forecasted to gro...
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USD/JPY Approaching Significant Resistance Near 114.00

Key Highlights The US Dollar climbed higher recently and traded above the 113.00 resistance against the Japanese Yen. There was a break above a major bearish trend line with resistance at 113.24 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending Dec 08, 2018 declined from 233K (revised) to 206K. Today, the US Retail Sales figure for...
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GBP/JPY Could Struggle To Surpass 143.50

Key Highlights The British Pound fell significantly and tested the 141.00 support area against the Japanese Yen. There are two key bearish trend lines formed with resistance near 143.40-50 on the 4-hours chart of GBP/JPY. The UK Claimant Count in Nov 2018 changed 21.9K, more than the 13.2K forecast. Today, the US Consumer Price Index for Nov 2018 will be released,...
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USD/JPY Facing Uphill Task Ahead of US NFP

Key Highlights The US Dollar declined recently and broke the 113.20 support against the Japanese Yen. There is a key bearish trend line formed with resistance near 113.30 on the 4-hours chart of USD/JPY. The US ADP Employment Change in Nov 2018 declined from 225K (revised) to 179K. Today, the US nonfarm payrolls figure for Nov 2018 will be released, which is forec...
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USD/JPY Could Correct Lower In Short Term

Key Highlights The US Dollar failed again to break the 114.00 resistance area against the Japanese Yen. There is a key bearish trend line formed with resistance at 114.00 on the 4-hours chart of USD/JPY. The Tokyo Consumer Price Index increased 0.8% (YoY) in Nov 2018, less than the market forecast of 1.0%. Today in the US, the Chicago Purchasing Manager’s Index ...
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USD/JPY Could Decline Further Towards 112.00

Key Highlights The US Dollar started a downside move after trading towards the 114.20 level against the Japanese Yen. There was a break below a major bullish trend line with support at 113.90 on the 4-hours chart of USD/JPY. The Euro Zone Consumer Confidence in Nov 2018 (Preliminary) declined from -2.7 to -3.9. Today, the US Manufacturing PMI for Nov 2018 (Prelimi...
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EUR/JPY Approaching Next Crucial Break

Key Highlights The Euro found support near 127.50 and recovered recently against the Japanese Yen. There is a major breakout pattern formed with resistance at 128.85 on the 4-hours chart of EUR/JPY. The US Housing Starts Change came in at +1.5% in Oct 2018, better than the +0.5% forecast. Today, the US Durable Goods Orders for Oct 2018 will be released, which is f...
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