The USD/JPY pair did very little during the session on Monday, as markets overall were fairly calm. This particular pair continues to grind just below the 100 handle, which has obviously been very resistant lately.
USDJPY moves sideways in a range between 95.82 and 99.94. As long as 95.82 support holds, the price action in the range is treated as consolidation of the uptrend from 77.14, one more rise towards 105.00 is...
The USD/JPY pair rose during the session after a very strong jobs report for the month of April, as the US employment situation turned out to be much stronger than anticipated.
The USD/JPY pair had a positive showing on Thursday, as we bounced off of the 97 handle again. This area has been reasonable support lately, and as a result this bounce doesn’t overly surprise us.
The USD/JPY pair fell during the session on Tuesday, breaking the bottom of a hammer from the Monday session. This is normally a very bearish sign, but quite frankly we don’t short this pair at all based...
USDJPY remains in uptrend from 77.14 (Sep 13, 2012 low), the price action in the trading range between 95.82 and 99.94 is treated as consolidation of the uptrend. Support is now at 95.82, as long as this...
The USD/JPY pair fell during the session on Friday, as you can see on this chart. The fall was significant, and it does appear that the 100 level is going to give us quite a bit of...
The USD/JPY pair fell during the session on Thursday, but as you can see bounced enough to form a stubby little hammer. With that being the case, it looks like we still have upward pressure in this...
The U.S. will print its Q1 2013 GDP reading in today’s U.S. session and the report is slated to show 3.0% economic growth for the quarter, higher than the previous reading of 0.4%.
The USD/JPY pair fell during the session on Wednesday, but as you can see formed another hammer, suggesting that we are going to see further bullish pressure to the upside in this marketplace. It simply appears that...
