USD/JPY Primed For More Upsides In Near Term

Key Highlights The US Dollar broke a crucial resistance near 108.40 against the Japanese Yen. USD/JPY remains well supported near 108.40 and 108.00.EUR/USD climbed higher sharply and broke the key 1.1060 resistance area.GBP/USD rallied significantly above 1.2950 before correcting lower. USD/JPY Technical Analysis In the past few days, there was a steady rise in USD/JP...
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USD/JPY Could Continue To Rise Towards 108.45

Key Highlights The US Dollar started a fresh increase from the 106.50 support against the Japanese Yen. A key ascending channel is forming with support near 107.35 on the 4-hours chart of USD/JPY.The US CPI in Sep 2019 was unchanged, whereas the forecast was +0.1% (MoM). The Michigan Consumer Sentiment Index could decline from 93.2 to 92.0 in Oct 2019 (Prelim). USD/JPY T...
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USD/JPY Could Extend Losses, US NFP Next

Key Highlights The US Dollar started a fresh decline from the 108.50 resistance against the Japanese Yen. USD/JPY traded below a bullish trend line with support near 107.45 on the 4-hours chart.The US ISM Non-Manufacturing Index declined sharply from 56.4 to 52.6 in Sep 2019.The US nonfarm payrolls could increase 145K in Sep 2019, better than the last 130K. USD/JPY Techn...
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USD/JPY Remains Supported On Dips

Key Highlights The US Dollar is trading nicely above the key support at 107.00 against the Japanese Yen. Earlier, USD/JPY traded below a major bullish trend line at 108.10 on the 4-hours chart.The US GDP grew 2% in Q2 2019, similar to the market forecast and the last reading.The US Personal Income could rise 0.4% in August 2019 (MoM), better than the last +0.1%. USD/JPY ...
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USD/JPY Surging And Likely To Continue Higher

Key Highlights The US Dollar is in a positive zone and recently climbed above 108.00 against the Japanese Yen. A crucial bullish trend line is forming with support near 107.25 on the 4-hours chart of USD/JPY.The US CPI increased 0.1% in August 2019 (MoM), less than the last 0.3%.The US Retail Sales might rise 0.2% in August 2019, less than the last +0.7%. USD/JPY Technic...
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USD/JPY Facing Uphill Task Near 107.00 Resistance

Key Highlights The US Dollar recovered strongly after a sharp decline to 104.45 against the Japanese Yen. USD/JPY is facing a strong resistance on the upside near 106.80 and 107.00.The US GDP in Q2 2019 (Prelim) increased 2.0%, similar to the market forecast.The US Personal Income might rise 0.3% in July 2019, less than the last +0.4%. USD/JPY Technical Analysis This...
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USD/JPY Struggling To Gain Bullish Momentum

Key Highlights The US Dollar started a decent recovery from 105.05 against the Japanese Yen. USD/JPY is facing many key resistances near 107.00 and 107.20.The US Manufacturing PMI declined from 50.4 to 49.9 in August 2019 (119-month low) (Prelim).Jackson Hole Symposium and G7 Meeting could impact the market sentiment in the short term. USD/JPY Technical Analysis This ...
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USD/JPY Facing Key Resistance Near 107.00

Key Highlights The US Dollar is forming a decent support above 105.20 against the Japanese Yen. USD/JPY is facing a strong resistance near 106.75 and a bearish trend line on the 4-hours chart.The US Retail Sales in July 2019 jumped 0.7% (MoM), more than the +0.3% forecast.The US Building Permits in July 2019 might increase 5.6%. USD/JPY Technical Analysis After a stro...
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USD/JPY Faces an Uphill Task, Focus Turns to US NFP

Key Highlights The US Dollar found support after trading as low as 108.28 against the Japanese Yen. There is a major bearish trend line forming with resistance at 110.30 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending Jan 27, 2018 declined from 231K to 230K. Today’s US NFP release could impact USD/JPY and the next move in the n...
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USD/JPY Nosedives, Breaks Key Support Ahead of US GDP

Key Highlights The US Dollar was under a lot of pressure recently and it declined below the 110.00 support against the Japanese Yen. There is a major bearish trend line forming with current resistance at 110.60 on the 4-hours chart of USD/JPY. On the downside, the next supports are at 108.50 and 108.00. The US Initial Jobless Claims for the week ending Jan 20th 20...
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