USDJPY remains in uptrend from 77.14, the fall from 82.83 is treated as consolidation of the uptrend. Another rise towards 86.00 could be expected after consolidation, and a break above 82.83 will signal resumption of the uptrend....
The USD/JPY pair did very little during the session on Thursday, as the markets were fairly quiet overall. We are at the top of a recent consolidation area, and as such it looks like we are trying...
Market CommentaryAfter trading consistently at the short term support of 79.70 ranges for couple of days, the Dollar Index found support at 79.70 to appreciate to 80.25 ranges. Historic inverse correlation between our benchmark equity index of...
The USD/JPY pair rose during the session and close of the very highs of the range as we continue to see significant support right around the 81.50 level in this market. However, the 82.50 level continues offer...
Market CommentaryThe Dollar Index is trading stable near the short-term support of 80.00 ranges. Only daily close below 79.00 ranges results in medium term Dollar weakness would continue though the long term Dollar bearishness is intact.
The USD/JPY pair fell during the session on Tuesday as the “risk off” trade gained the upper hand slightly against the risk appetite driven traders out there. However, we still see the 81.50 level has offered support,...
Market CommentaryThe US Dollar depreciated across the board; the Common currency, the Cable continued to appreciated against the USD; the Aussie depreciated but the short term range bound trend remained intact with 1.0480 ranges still acting as...
The USD/JPY pair fell during the session on Monday as the 82.50 level continues to offer significant resistance. However, we do know that this market is well supported somewhere around the 82 handle, and the Bank of...
Market CommentaryThe Dollar Index is trading tight near the short term support of 80.00 ranges; it is currently trading at 79.90 ranges; daily close below 79.80 would result in further depreciation of the US Dollar.
Market CommentaryThe US Dollar traded mixed bag wherein it has lost against the Euro, the Swiss France but gained against the Aussie and the Japanese Yen.
