The USD/JPY pair rose like a rocket during the Friday session as the market cleared the 78 handle without much resistance. This is interesting as it should have been very resistive been that it was so supportive...
USDJPY may be forming a cycle bottom at 77.14 on daily chart. Further rise to test the resistance of the downtrend line from 80.61 to 79.65 could be expected next week, a clear break above the trend...
After the Fed chairman, Mr,Bernanke announced buying MBS and other assets to boost the job market, the Dollar stumbled to the month’s lows to currently trade at 79.02. DX seems to be heading towards the historic support...
The USD/JPY pair fell precipitously during the session on Thursday as the Federal Reserve announced further quantitative easing going forward. The seemingly unlimited time frame that they are willing to participate in this action has certainly put...
The USD/JPY rallied a bit during the Wednesday session as the 78 handle was tested again. The fact that we have broken down through this massive support area is a bearish sign, and the fact that we...
The US Dollar slipped across the board though with lesser momentum; with all eyes on the Fed policy today, the most of the major pairs are trading flat. Further direction may be established during American session.
The USD/JPY pair fell precipitously during the session on Tuesday, breaking through the 78 handle finally. This has been an area that has acted is massive support in this currency pair, and there has been speculation that...
There are a number of risk events this week that can propel equity and currency markets.
The US Dollar continues to slip across the board; after the Dollar Index closed below 81.00 ranges it continued to slide to currently trade at 79.80 ranges; 78.20-78.90 is now the watch out support.
The USD/JPY pair had a very quiet session on Monday as the world awaits the High Court decision out of Germany, the result of the Federal Reserve meeting, and the Dutch election results.
