The USD/JPY pair initially rose during the session on Wednesday, but met significant resistance above, and formed a shooting star. However, we also see the fact that recent action has been so bullish that we think they...
The USD/JPY pair rose during the session on Tuesday as the 84 handle continues to offer support. The testing of it for support has gone on for the last 40 hours, and the fact that we could...
Market Commentary The US Dollar continued to depreciate across the board; the Dollar Index (DX) continued to fall for continuous sixth session. The Dollar Index is currently trading flat at 79.37 after correcting from intermediate resistance of...
Technical analysis for 18.12
The USD/JPY pair gapped higher from the weekend after the announcement that the opposition party had won a super majority in Parliament during the Japanese elections. This led to an interesting Monday session, as we actually lost...
Market Commentary The US Dollar continued to depreciate across the board; the Dollar Index (DX) continued to fall for continuous sixth session. The Dollar Index is currently trading flat at 79.37 after correcting from intermediate resistance of...
Market Commentary Despite most of the asset classes, especially the benchmark equity index of the Dow Industrials (DJIA) trading flat, the Dollar Index (DX) continued depreciating across the board to close weak at 79.65 ranges. The Dollar...
USDJPY’s upward movement from 77.14 extends to as high as 83.96. Further rise could be expected next week, and next target would be at 85.00 area. Initial support is at 82.40, and the key support is at...
The USD/JPY pair initially rose during the session on Friday but found significant resistance at the 84 level in order to form a shooting star. Even though the shooting star is ideally placed, we see the 82.50...
The USD/JPY currency pair rose during the session on Thursday as we continue to get bullish action and obvious signs that the Bank of Japan will continue to loosen their monetary policy. Because of this, this isn’t...
