The USD/JPY pair rose during the session on Monday as the buyers stepped into the marketplace. However, we are currently in the middle of a massive consolidation zone that extends from 77.50 to the 79.50 level.
The USD/JPY pair barely moved during the Friday session as the pair continues to be pretty much a stalemate. This pair reflects the fact that there are two central banks are involved that are currently trying to...
The Dollar Index gains more than 40 points amidst weaker asset classes especially the equities. The Greenback gained most against the Common currency, the Cable and the Swiss Franc where as trading flat against the Aussie. Currently...
USDJPY. The IMF-World Bank Tokyo convention of super bankers attracted 20,000 attendees last week, including their staff and friends. Missing from this group was the Chinese foreign minister, and the head of the Chinese central bank.
USDJPY is facing the resistance of the downward trend line on 4-hour chart. As long as the trend line resistance holds, the price action from 77.66 is treated as consolidation of the downtrend from 84.17, another fall...
The USD/JPY pair fell during most of the session on Thursday but found quite a bit of buying at the 78 handle. The candle that has formed that looks much like a hammer, which of course is...
The Dollar Index lost more than 50 points despite lackluster trading witnessed in most of the asset classes. The Greenback lost most against the Common currency and the Swiss Franc followed by the Cable. Currently the short...
The USD/JPY pair fell during the session on Wednesday, but bounced off of the 78 handle yet again. This area is the center of the larger consolidation area between 77.50 and 79.
The US Dollar could trade flat despite profit taking witnessed in most of the asset classes, especially in the benchmark equity index of Dow Jones Industrials Average (.DJIA). The Dollar Index is currently trading flat at 80.10...
The USD/JPY pair had a negative session on Tuesday, which of course should have been much of surprise. After all, we were towards the top of the consolidation range, and it doesn’t look like there is a...
