USDJPY’s downward movement from 118.66 (Dec 15, 2016 high) extended to as low as 112.05. Further decline could be expected over the next several days, and next target would be at 110.00 area. Near term resistance is...
The USD/JPY pair broke down during the day on Tuesday, testing the 112.50 handle. There has been a bit of a push back just below there, so will be interesting to see whether we can bounce from...
USDJPY broke below 112.52 support, indicating that the downtrend from 118.66 (Dec 15, 2016 high) has resumed. Further decline could be expected over the next several days, and next target would be at 110.00 area. Near term...
USDJPY moved sideways in a trading range between 112.52 and 115.62. As long as 115.62 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 118.60, and further decline to 110.00 area is...
USDJPY has been trading sideways recently, bouncing off support at the 112.65 level and resistance at 115.30. Price recently made a test of resistance and seems to be heading back to the bottom of its range again....
USDJPY remains in uptrend from 98.97 (Jun 24, 2016 low), the fall from 118.66 is likely consolidation of the uptrend. Range trading between 110.00 and 118.66 could be expected over the next several weeks. Support is at...
The USD/JPY pair broke higher on Friday, as the 115 level came into focus. If we can break above the shooting star from last week, I think that the market will continue to grind towards the 118.50...
The US dollar rallied against the Japanese yen during the day on Thursday, pressing against the vital 115 handle. This is an area that has been resistive in the past, as well as supportive, so I believe...
No changed in our view, USDJPY remains in downtrend from 118.60, as long as 115.62 resistance holds, the price action from 112.56 could be treated as consolidation of the downtrend. Further decline would likely be seen and...
The US dollar rallied against the Japanese yen after initially falling on Wednesday. The 112.50 level appears to be supportive, but I also recognize that the 115 level is resistive. If we can break above the top...
