USD/JPY Could Retest 107.00 Before Fresh Increase

Key Highlights The US Dollar struggled near 109.00 and declined below 108.00 against the Japanese Yen. USD/JPY traded below a major bullish trend line with support at 108.05 on the 4-hours.The US Initial Jobless Claims for the week ending July 13, 2019 increased from 208K to 216K.The Michigan Consumer Sentiment Index in July 2019 (Prelim) might increase from 98.2 to 98.5. ...
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GBP/JPY Nosedives, Decline Could Extend To 132.00

Key Highlights The British Pound declined sharply after it broke the 135.20 support against the Japanese Yen. A crucial resistance is forming near 135.00 and a bearish trend line on the 4-hours of GBP/JPY.The UK Claimant Count changed 38.0K in June 2019, whereas the market was looking for 22.8K.The UK Consumer Price Index in June 2019 could rise 2% (YoY), similar to the las...
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USD/JPY Trading Near Make-or-Break Levels

Key Highlights The US Dollar started a decent recovery from 106.80 against the Japanese Yen. USD/JPY is facing a strong resistance near 108.20 and a bearish trend line on the 4-hours chart.The US GDP in Q1 2019 grew 3.1%, similar to the market expectation.The US Personal Income in May 2019 could rise 0.4% (MoM), more than the last +0.3%. USDJPY Technical Analysis Afte...
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USD/JPY Likely To Face Resistance Near 109.00

Key Highlights The US Dollar found support near 107.80 and recovered recently against the Japanese Yen. A key bearish trend line is forming with resistance near 108.85 on the 4-hours chart of USD/JPY.The US Initial Jobless Claims for the week ending June 08, 2019 increased from 219K to 222K.The US Retail Sales in May 2019 could increase 0.6% (MoM), better than the last -0.2...
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USD/JPY Remains In Downtrend Below 109.00

Key Highlights The US Dollar declined heavily and settled below the key 109.00 support against the Japanese Yen. If USD/JPY corrects higher, it is likely to face a strong resistance near 108.80 and 109.00.The US Initial Jobless Claims for the week ending June 01, 2019 remained stable at 218K.The US nonfarm payrolls in May 2019 could rise 185K, less than the last 263K. US...
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EUR/JPY Trading Near Make-or-Break Levels

Key Highlights The Euro started a decent recovery from the 120.78 low against the Japanese Yen. EUR/JPY recovered above 121.50 and a bearish trend line on the 4-hours chart.The Euro Zone Services PMI increased from 52.8 to 52.9 in May 2019.The Euro Zone GDP could grow 0.4% in Q1 2019 (QoQ), similar to the last reading. EURJPY Technical Analysis After a sharp decline, ...
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USD/JPY Recovery Failed Near Key Resistance

Key Highlights The US Dollar found support near 109.20 and recently recovered against the Japanese Yen. USD/JPY failed near 109.90 and remained below a key bearish trend line on the 4-hours chart.The US GDP grew 3.1% in Q1 2019, according to the "second" estimate.The US Personal Income in April 2019 could rise 0.3% (MoM), more than the last +0.1%. USDJPY Technical Analys...
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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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