USD/JPY Remains Well Supported On Dips

Key Highlights The US Dollar found support near 110.75 and rebounded against the Japanese Yen. A major bullish trend line is formed with support at 111.15 on the 4-hour chart of USD/JPY. The US Initial Jobless Claims for the week ending March 19, 2019 increased from 223K o 229K. The US Industrial Production report for Feb 2019 will be released today, which may ris...
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Downsides In USD/JPY Remains Supported

Key Highlights The US Dollar climbed higher recently above the 112.00 level against the Japanese Yen. There is a strong support formed near the 111.20 level on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending Feb 26, 2019 declined from 226K to 223K. The US nonfarm payrolls for Feb 2019 will be released today, which could post 180K, d...
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USD/JPY In Significant Uptrend Above 111.00

Key Highlights The US Dollar climbed higher and broke the 111.00 resistance against the Japanese Yen. There is a crucial bullish trend line in place with support at 110.60 on the 4-hours chart of USD/JPY. The US GDP in Q4 2019 grew 2.6% (Prelim), better than the forecast 2.3% forecast. The US ISM Manufacturing Index for Feb 2019 will be released today, which could...
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USD/JPY Correction Approaching Crucial Support

Key Highlights The US Dollar failed to stay above 111.00 and declined sharply against the Japanese Yen. There is a connecting bullish trend line formed with support at 110.30 on the 4-hours chart of USD/JPY. The US Retail Sales in Jan 2019 declined 1.2% (MoM), whereas the forecast was +0.2%. The US Industrial Production for Jan 2019 will be released today, which c...
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USD/JPY Hesitates, But Further Gains Likely

Key Highlights The US Dollar climbed higher recently, but it failed near the 110.15 resistance against the Japanese Yen. Earlier, there was a break above a bearish trend line at 109.60 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending Feb 02, 2019 declined from 253K to 234K. Canada’s Employment Figure for Jan 2019 will be release...
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USD/JPY Forms Key Top Ahead of US NFP

Key Highlights The US Dollar failed to break the 110.00 resistance and declined against the Japanese Yen. There is a major bearish trend line formed with resistance near 109.40 on the daily chart of USD/JPY. The US Initial Jobless Claims for the week ending Jan 26, 2019 increased from 200K to 253K. The US Nonfarm Payrolls figure for Jan 2019 will be released today...
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USD/JPY Remains Supported On Dips Near 109.20

Key Highlights The US Dollar traded towards the 110.00 level recently and later corrected lower against the Japanese Yen. There is a crucial bullish trend line formed with support at 109.30 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending Jan 19, 2019 declined from 212K to 199K. The German IFO Business Climate Index for Jan 2019 w...
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USD/JPY Could Gain Bullish Momentum Above 109.50

Key Highlights The US Dollar traded higher and broke the 108.00 resistance against the Japanese Yen. There was a break above a major bearish trend line with resistance at 108.40 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending Jan 12, 2019 declined from 216K to 213K. The US Industrial Production for Dec 2018 will be released today...
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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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