After consolidation, USDJPY continues its upward movement from 77.14, and the rise extends to as low as 96.55. Further rise could be expected and next target would be at 98.50 area.
The USD/JPY pair broke above the 95 handle during the session on Friday, after the United States announced that it had added 265,000 jobs in the month of February. This is a typical “risk on” type of...
The USD/JPY pair shot straight up during the session on Tuesday in anticipation for the early Thursday morning Bank of Japan meeting. There should be some continuation of the ultra-dovish outlook by the central bank, and as...
The USD/JPY pair barely moved during the session on Monday, as the market simply sat still. In fact, none of the yen related pairs did much, so this of course would never been much of a surprise....
USDJPY broke below the upward trend line on daily chart, suggesting that lengthier consolidation of the uptrend from 77.14 is underway. Range trading between 90.00 and 94.54 would likely be seen over the next several days.
The USD/JPY pair shot straight up during the Friday session as the couple of hammers that had formed previously proved their worth. We did breakout though, as it was simply a return to the middle of consolidation,...
The USD/JPY pair did very little during the session on Thursday, as the support continues to build in this market. We did gain overall, but it wasn’t necessarily a strong move. The candle fairly neutral, but it...
The USD/JPY pair fell during most of the session on Wednesday again, but just like the Monday and Tuesday session, there was plenty of support once you got below the 92 handle.
The USD/JPY pair fell for the session on Tuesday as the “risk off” markets came back into play. The support in this pair should be rather strong, and we see the 90 handle as being crucial.
The USD/JPY pair fell off a cliff during the session on Monday, as the gap that had initially happened at the opening completely came undone. Looking at the 94 handle as resistance is become apparent that is...