Market Commentary The Dollar Index (DX) again finds resistance at 79.00 ranges since April, 2010, resulting in sell off in benchmark equity index of Dow Industrials (DJIA). Next leg of weakness in the USD is expected only...
Market Commentary The US Dollar is trading mixed wherein it continued depreciating against the Euro and the Swiss France, where as it appreciated against the British Pound after depreciating for couple of days and continued depreciating against...
USDJPY stays above a upward trend line of daily chart, and remains in uptrend from 77.14, and the rise extends to as high as 92.95. Further rise is still possible after a minor consolidation, and next target...
The USD/JPY pair shot straight up on Friday again as the nonfarm payroll numbers came out as expected in the United States. This market continues in bullish run, and there’s definitely nothing that looks like resistance in...
Forex traders who correctly anticipated the yen was going to fall against other currencies have had a good month. At the beginning of January, the USD/JPY was trading just under 87¥ to the USD. By the end...
The USD/JPY pair rose during the session on Thursday as the Yen continues to weaken against almost everything its used to buy. The pair has broken out, and the 90 handle should now continue to offer support...
The USD/JPY pair rose during the session on Wednesday, but found the area above the 91 handle a bit too much for the buyers to hold onto. The resulting candle is somewhat of a shooting star, but...
Market Commentary The US Dollar is trading mixed since past couple of weeks wherein it has depreciated against the Euro and traded flat against the Swiss France and the Aussie but continued appreciating against the Japanese Yen...
The USD/JPY pair bounced slightly during the session on Tuesday, but gave back much of the gains towards the end of the session in order to form a little bit of a shooting star. However, we see...
The USD/JPY pair fell during the Friday session as the profit taking continued. However, we have a lot of support at the 90 level, so the pullback will more than likely be short-lived at best.
