USDJPY – US Dollar Recovery A Real Deal Vs Japanese Yen

Key Highlights The US Dollar declined below 109.00 this past week against the Japanese Yen before finding support. A recovery is underway, but the USDJPY pair is likely to face resistance near 109.50 and a bearish trend line on the 4-hour chart. Today in Japan, the Nikkei Manufacturing PMI for April 2017 (Preliminary) was released, which posted a rise from 52.4 to 52...
Read More

USDJPY – US Dollar To Japanese Yen Broke Crucial Support

Key Highlights The US Dollar struggle to move past 112.00 against the Japanese puts it at a risk of decline. There was a monster support formed at 110.00 on the 4-hours chart of USDJPY, which was broken during the recent decline. In Japan, the Domestic Corporate Goods Price Index for March 2017 (MoM) released by the Bank of Japan posted a rise of 0.2%. Moreover, B...
Read More

GBPJPY – British Pound Trend Overwhelmingly Negative Vs Yen

Key Highlights The British Pound declined heavily from the 140.10 high against the Japanese Yen. There are two bearish trend lines with resistance 140 formed on the 4-hours chart of GBPJPY. Today, the UK British Retail Consortium (BRC) Shop Price Index released for March 2017 posted a decline of 0.8%. Today, the Japanese Services Purchasing Managers Index (PMI) f...
Read More

EURJPY – Euro Trend Overwhelmingly Negative Vs Japanese Yen

Key Highlights The Euro is in a slow and steady downtrend against the Japanese yen with resistance at 119.60. There is a crucial bearish trend line with resistance 119.50 formed on the 4-hours chart of EURJPY. Today, the Euro Zone Retail Sales figure for Feb 2017 (MoM) will be released by the Eurostat, which is forecasted to increase by 0.5%. Today, the Japanese M...
Read More

USDJPY – US Dollar Still In Trouble versus Japanese Yen

Key Highlights The US Dollar fell further against the Japanese yen, and moved below the 111.00 level. There are a couple of bearish trend lines with resistances at 111.10 and 111.30 formed on the hourly chart of USDJPY. The Japanese Retail Trade for Feb 2017 (YoY) released by the Ministry of Economy, Trade and Industry posted a rise of 0.1%. The Japanese Large Ret...
Read More

EURJPY – Euro’s Weakness Is Here To Stay Vs Japanese Yen

Key Highlights The Euro made a downside move recently against the Japanese yen, and traded below the 121.00 support level. The EURJPY pair also broke two bullish trend lines with support at 121.30 and 120.60 on the 4-hours chart. Today in Japan, the Nikkei Manufacturing PMI for March 2017 (preliminary reading) posted a decline from 53.3 to 52.6. Today, the Euro Zo...
Read More

USDJPY – US Dollar Remains In Downtrend Vs Japanese Yen

Key Highlights The US Dollar fell sharply during the past few days, and moved below the 114.00 support against the Japanese yen. The USDJPY pair also broke a bullish trend line with support at 113.10 on the 4-hours chart. Today, the Japanese Merchandise Trade Balance for Feb 2017 released by the Ministry of Finance posted a trade surplus of ¥813.4B. The Japanese ...
Read More

GBPJPY – British Pound Bearish Bias Remains Intact Vs Japanese Yen

The British Pound failed to remain in the bullish zone vs the Japanese yen, and moved below 140.00. The GBPJPY pair is now facing many resistances on the upside near 139.60, and looking to extend downsides. On the upside, an initial resistance is near a bearish trend line at 139.60 on the 4-hours chart. However, the most important one is near 140.20. It coincides with the second bearish trend line, and the 100 simple moving average (H4).
Read More

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....
Read More

EURJPY – Is This The Push Euro Needed Vs Japanese Yen?

Key Highlights The Euro made a nice upside move against the Japanese yen recently and broke the 119.80 resistance. The EURJPY pair also broke a couple of bearish trend lines near 119.80 and 120.00 on the 4-hours chart. In Japan, the National Consumer Price Index for Jan 2017 (YoY) released by the Statistics Bureau posted a rise of 0.4%, same as the forecast. The J...
Read More

«...10...1920...»