USD/JPY Breaks Key Resistance, More Upsides Likely

Key Highlights USD/JPY surpassed a major hurdle near the 109.70 resistance area.The pair is likely to gain bullish momentum above 110.40 in the near term.The US Retail Sales increased 0.3% in Dec 2019 (MoM), similar to the forecast.The US Industrial Production could decline 0.2% in Dec 2019 (MoM), down from the last +1.1%. USD/JPY Technical Analysis Earlier this week,...
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USD/JPY Signaling Bullish Continuation Above 109.50

Key Highlights USD/JPY recovered sharply and climbed above the 109.00 resistance area.The current trend is positive, suggesting more gains if the pair surpasses 109.70.The US Initial Jobless Claims for the week ending Jan 04, 2020 declined from 223K to 214K.The US nonfarm payrolls could increase 164K in Dec 2019, less than the last 266K. USD/JPY Technical Analysis Aft...
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USD/JPY Breaks Key Support, More Losses Likely

Key Highlights USD/JPY was rejected near 109.70 and it declined below 109.00.The pair broke a broad range support near 108.50.The US Initial Jobless Claims for the week ending Dec 28, 2019 declined to 222K.The US ISM Manufacturing PMI could increase from 48.1 to 49.0 in Dec 2019. USD/JPY Technical Analysis After another rejection near 109.70, USD/JPY declined heavily ...
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USD/JPY Sighting Crucial Upside Break

Key Highlights USD/JPY is likely to accelerate gains if it clears the 109.80 resistance area.A strong support base seems to be forming near 109.20.The US Initial Jobless Claims for the week ending Dec 21, 2019 declined from 235K to 222K.EUR/USD and GBP/USD are showing signs of an upside correction. USD/JPY Technical Analysis After a downside correction, USD/JPY remain...
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USD/JPY Facing Significant Resistance Ahead of US GDP

Key Highlights USD/JPY struggled again to surpass the 109.70 resistance area.The pair is showing bearish signs and it could correct below 109.20.The US Initial Jobless Claims for the week ending Dec 14, 2019 declined from 252K to 234K.The US GDP could grow 2.1% in Q3 2019, similar to the last reading. USD/JPY Technical Analysis This past week, there was a sharp increa...
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USD/JPY Rallies Above 109.00, EUR/USD & GBP/USD Rising

Key Highlights USD/JPY rallied sharply after testing the 108.40 support.A major bullish trend line is in place with support near 108.45 on the 4-hours chart.The US Initial Jobless Claims for the week ending Dec 07, 2019 increased from 203K to 252K.The US Retail Sales is likely to increase 0.5% in Nov 2019 (MoM), more than the last +0.3%. USD/JPY Technical Analysis Thi...
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USD/JPY Could Revisit 109.50 Resistance Zone

Key Highlights USD/JPY remained well supported above the 108.20 region.GBP/USD rallied recently above the 1.3100 and 1.3150 resistance levels.The US Initial Jobless Claims for the week ending Nov 30, 2019 declined from 213K to 203K.The US nonfarm payrolls is likely to increase 180K in Nov 2019, up from the last 128K. USD/JPY Technical Analysis After a major failure ne...
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USD/JPY Eyes Upside Break Above 110.00

Key Highlights USD/JPY is trading in a bullish zone above 109.00, with positive signs on the daily chart.A connecting bullish trend line is forming with support near 108.90 on the daily chart.Japan’s Retail Trade declined 14.4% in Oct 2019 (MoM).The Euro Zone CPI could increase 0.9% in Nov 2019 (YoY) (Prelim). USD/JPY Technical Analysis This month, the US Dollar mos...
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USD/JPY Facing Uphill Task, Can Bulls Make It?

Key Highlights USD/JPY is holding the key 108.25 and 108.20 support levels.A crucial resistance is forming near 108.80 and a bearish trend line on the 4-hours chart.The US Initial Jobless Claims for the week ending Nov 16, 2019 came in at 227K vs 219K forecast.The US Manufacturing PMI could increase from 51.3 to 51.5 in Nov 2019 (Prelim). USD/JPY Technical Analysis Re...
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USD/JPY In Corrective Decrease But Remains Supported

Key Highlights USD/JPY started a downside correction from the 109.50 resistance.There was a break below a contracting triangle with support at 108.90 on the 4-hours chart.The US Initial Jobless claims for the week ending Nov 09, 2019 increased from 211K to 225K.The US Retail Sales is likely to increase 0.2% in Oct 2019 (MoM), better than the last -0.3%. USD/JPY Technical...
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