Currency Trading Commentary: April 11

Trading Commentary Analysis: April 12

The bias for the USDJPY is neutral to bearish at this time. The recent pullback phase is still playing out, with the price action yet to confirm support. Below the current market price, the initial support zone is noted in the 80.50-60 region and a move below this area would be another bearish sign. If [...]

Currency Trading Commentary: March 06

Currency Trading Commentary: March 06

The bias for the USDJPY remains bullish.   The uptrend is still intact in the short-term and this will remain the case as long as the price action stays above the 80-80.20 region.   The targets above the current market price are noted at 82.25 initially, followed by 84.20.

USDJPY Currency Pair News: January 18

usd jpy chart

Save for when the Bank of Japan has intervened, the last few months have seen very lacklustre price action on the USDJPY pair. Whilst the interventions caused seismic shifts, the residual effect is that traders have been shying away from this pair because of the potential for further interventions. Subsequently, it is very difficult to have a [...]

USDJPY Trading Pair News: December 5

USD JPY Chart

Heading into the new trading week the key area of focus for the USDJPY is 78.35. If this region is cleared by the bulls, it could open up a pathway into 79.50. Conversely, if this region cannot be cleared then a rotation lower is the more likely outcome, back into support in the 77.20-50 region. [...]

USDJPY Currency Trading News: September 13

fx chart sept 13

Persistent concerns about the state of the global economy have resulted in increased demand for the Japanese yen as compared to its US counterpart. The bearish sentiment saw the USDJPY fall significantly from its early-April peak around 85.50, to currently be trading around 77.00. Should the 77.00 region be taken out by the bears, we [...]

USDJPY Currency Pair News: August 17

FX chart august 17

The USDJPY has come under renewed selling pressure since topping out at 85.50 in mid-April. Technically, we note a series of lower highs and lower lows which have formed a short-term downtrend. The shorter-term EMAs are crossed lower and the price action is below the longer-term EMA filter, which is negative. The pair is now [...]

USDJPY Currency Pair News July 26

FX chart july 26

The unresolved US debt crisis has resulted in a steady decline in demand for US dollar against the Japanese yen. The bearish sentiment saw the USDJPY fall significantly from its early-April peak around 85.50, to currently be trading around 78.00. Should the 78.00 region be taken out by the bears, we could see an accelerated [...]

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