The US dollar skyrocketed against the Japanese yen during the session on Monday, touching the 113.50 level during the day. We are starting to pull back a little bit, as we are bit overextended, but quite frankly...
USDJPY continued its upside movement from 108.81 and the rise extended to as high as 113.47. Near term support is at the rising trend line on its 4-hour chart. As long as the pair is above the...
USDJPY looks ready for more gains as the pair has formed a double bottom on its daily time frame. Price failed in its last two attempts to break past the 108.00 support zone and is on its...
USDJPY failed to break below the bottom support trend line of the price channel on its 4-hour chart, and rebounded from 111.73, indicating that the pair remains in uptrend 108.81. As long as the channel support holds,...
USDJPY is now in uptrend from 108.81. Further rise to retest 115.50 key resistance is possible in the coming days. A break of this level will signal resumption of the long term uptrend from 98.87 (Jun 24,...
The US dollar went sideways against the Japanese yen during the Friday session, as we continue to grind around the 112 level. I believe that if we can break above the top of the range for the...
USDJPY stays in an ascending price channel on its 4-hour chart, and remains in uptrend from 108.81. As long as the price is in the channel, the fall from 112.92 could be treated as consolidation of the...
The US dollar was very volatile against the Japanese yen. The 112 level looks very likely to offer support, so as long as we can stay above there, the market should then go to the 112.50 level....
USDJPY remains in uptrend from 108.81. Further rise could be expected in a couple of days and next target would be at 113.50 area. Near term support is at 111.80, only a breakdown below this level will...
The USD/JPY pair initially went sideways during the Tuesday session, dipped significantly to test the 111.50 level, and then broke above the 112 handle. That’s a very bullish sign and I believe that we are now free...
