USD/JPY Breakdown Looks Like The Real Deal

Key Highlights The US Dollar declined heavily after it broke the 108.60 support against the Japanese Yen. A short term bearish trend line is forming with resistance near 106.40 on the 4-hours chart of USD/JPY.The US Initial Jobless Claims in the week ending August 03, 2019 declined from 217K to 209K.The US PPI in July 2019 might increase 0.2% (MoM), more than the last +0.1%...
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USD/JPY Nosedives Below 107.50, US NFP Next

Key Highlights The US Dollar retreated sharply from the 2-month high at 109.31 against the Japanese Yen. Recently, USD/JPY traded below a major bullish trend line with support near 108.75 on the 4-hours chart.The US ISM Manufacturing Index in July 2019 declined from 51.7 to 51.2.The US nonfarm payrolls in July 2019 could increase 164K, less than the last 224K. USDJPY Tec...
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USD/JPY Eyeing More Upsides Above 109.00

Key Highlights The US Dollar climbed higher recently from the 108.00 support against the Japanese Yen. USD/JPY traded above a key bearish trend line at 108.15 on the 4-hours chart.The US Initial Jobless Claims for the week ending July 20, 2019 declined from 216K to 206K.The US Gross Domestic Product in Q2 2019 (Prelim) might grow 1.8%, less than the last +3.1%. USDJPY Te...
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USD/JPY Remains At Risk of Further Declines

Key Highlights The US Dollar failed to surpass the 108.50 resistance against the Japanese Yen. A crucial bearish trend line is forming with resistance near 108.40 on the 4-hours chart.The Euro Area Retail Sales declined 0.3% in May 2019 (MoM), whereas the forecast was +0.3%.The US nonfarm payrolls in June 2019 could change 160K, more than the last 75K. USDJPY Technical A...
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USD/JPY Struggling To Regain Ground Post Dovish Fed

Key Highlights Recently, the Fed signaled possible interest rate cuts in 2019, putting pressure on the US Dollar. USD/JPY settled below 108.50 and even broke the 108.00 support area.The US Initial Jobless Claims for the week ending June 15, 2019 declined from 222K to 216K.The US Manufacturing PMI in June 2019 (Preliminary) could slide from 50.5 to 50.4. USDJPY Technical ...
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USD/JPY Likely To Face Resistance Near 109.00

Key Highlights The US Dollar found support near 107.80 and recovered recently against the Japanese Yen. A key bearish trend line is forming with resistance near 108.85 on the 4-hours chart of USD/JPY.The US Initial Jobless Claims for the week ending June 08, 2019 increased from 219K to 222K.The US Retail Sales in May 2019 could increase 0.6% (MoM), better than the last -0.2...
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USD/JPY Remains In Downtrend Below 109.00

Key Highlights The US Dollar declined heavily and settled below the key 109.00 support against the Japanese Yen. If USD/JPY corrects higher, it is likely to face a strong resistance near 108.80 and 109.00.The US Initial Jobless Claims for the week ending June 01, 2019 remained stable at 218K.The US nonfarm payrolls in May 2019 could rise 185K, less than the last 263K. US...
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USD/JPY Recovery Failed Near Key Resistance

Key Highlights The US Dollar found support near 109.20 and recently recovered against the Japanese Yen. USD/JPY failed near 109.90 and remained below a key bearish trend line on the 4-hours chart.The US GDP grew 3.1% in Q1 2019, according to the "second" estimate.The US Personal Income in April 2019 could rise 0.3% (MoM), more than the last +0.1%. USDJPY Technical Analys...
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USD/JPY Could Decline Further Below 109.50

Key Highlights The US Dollar failed to break 110.65 and declined recently against the Japanese Yen. A crucial bearish trend line is active with resistance at 110.50 on the 4-hours chart of USD/JPY.The US Initial Jobless Claims for the week ending May 18, 2019 declined from 212K to 211K.The US Durable Goods in April 2019 might decline 2%, down from the last +2.8%. USDJPY ...
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USD/JPY Starts Fresh Rebound, Could Test 110.40

Key Highlights The US Dollar found support near 109.02 after a strong decline against the Japanese Yen.USD/JPY recovered after it traded above a contracting triangle with resistance at 109.58 on the 4-hours chart.The US Initial Jobless Claims for the week ending May 11, 2019 declined from 228K to 212K.The Michigan Consumer Sentiment Index in May 2019 (Prelim) could rise fro...
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