USDJPY – Can US Dollar Continue Uptrend Vs Japanese Yen?

USDJPY – Can US Dollar Continue Uptrend Vs Japanese Yen? Key Highlights The US Dollar traded above the 103.00 handle against the Japanese yen, and broke a major resistance. There was a crucial bearish trend line formed on the daily chart of the USDJPY pair, which was cleared by the Dollar bulls. Today in Japan, the Machinery New orders, released by the Cabinet Off...
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GBPJPY – British Pound May Continue To Bleed Vs Yen and Dollar

GBPJPY – British Pound May Continue To Bleed Vs Yen and Dollar Key Highlights The British Pound declined heavily recently not only against the US dollar, but faced sellers against the Japanese yen as well. There are two bearish trend lines formed on the 4-hours chart of the GBPJPY pair, which may act as a resistance in the short term. The GBPUSD pair also remains ...
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USDJPY – US Dollar At Make-Or-Break Levels Versus Japanese Yen

USDJPY - US Dollar At Make-Or-Break Levels Versus Japanese Yen Key Highlights The US dollar is making an attempt to move higher versus the Japanese yen, but faces a major hurdle. There is a monster descending channel pattern formed on the 4-hours chart of USDJPY, which is acting as a downside move catalyst. Today, the Japanese National Consumer Price Index released ...
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GBPJPY – British Pound Poised for Continued Weakness

Key Highlights The British Pound after failing to break 139.00 versus the Japanese yen started a downward trend. There is a bearish trend line on the 4-hours chart of GBPJPY, which is pushing the pair down. Today, the BoJ Monetary Policy Meeting Minutes were published by the Bank of Japan. The impact was not much on the Japanese yen, as the currency remained in a ...
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EURJPY – Euro Trend Overwhelmingly Negative Vs Yen; Fed Next

EURJPY – Euro Trend Overwhelmingly Negative Vs Yen; Fed Next Key Highlights The Euro nosedived against the Japanese yen recently and formed a bearish trend. The EURJPY pair during the downside cleared a major bullish trend line on the 4-hours chart. Today, the Japanese Merchandise Trade Balance Total released by the Ministry of Finance posted a trade deficit of ¥...
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USDJPY – US Dollar Remains Buy On Dips Vs Japanese Yen

USDJPY – US Dollar Remains Buy On Dips Vs Japanese Yen Key Highlights US Dollar managed to bounce recently against the Japanese Yen from a perfect technical support. There is a bullish trend line formed on the 4-hours chart of USDJPY, which acted as a barrier for sellers and pushed the pair back up. Today in Japan, the Foreign investment in Japan stocks figure was...
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GBPJPY – British Pound Looks Set To Gain Further Pace

GBPJPY – British Pound Looks Set To Gain Further Pace Key Highlights The British Pound traded higher recently versus the Japanese yen and may continue to gain pace. There is a crucial ascending channel pattern formed on the 4-hours chart of the GBPJPY pair, which is helping buyers. The Japanese Industrial Production preliminary report was released by the Ministry ...
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USDJPY – Signs of Weakness Evident

USDJPY – Signs of Weakness Evident, More Losses Likely? Key Highlights             The US Dollar struggled during the past couple of sessions as the US initial jobless claims data failed to impress the investors. USDJPY pair is currently trading lower after testing the 123.50-60 resistance zone. Japanese Industrial Production report will be released by t...
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AUDJPY to Remain Under Pressure Around 91.20-40

Key Highlights Australian Dollar remains in a downtrend, and might continue to weaken against the Japanese Yen in the short term. There are many hurdles for buyers around 91.20-40, stalling the upside in the AUDJPY pair. Australian Foreign Exchange Transaction released by the Reserve Bank of Australia came in at 674M, which was lower compared with the last 2,922M. Jap...
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USDJPY Hit Fresh Highs Post ISM Manufacturing PMI

Key Highlights US dollar rocketed higher against the Japanese Yen after the US ISM Manufacturing PMI release. US Institute for Supply Management (ISM) Manufacturing PMI rose to 52.8 in May 2015, compared to April’s reading of 51.5. US Manufacturing Purchasing Managers Index (PMI) released by the Markit Economics missed the forecast by a minor margin and came in at 54....
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