USD/JPY had a reasonably bullish day on Wednesday as the bounce from the 79.50 level happened as predicted. The area looks as if it is the beginning of support in this pair, and the market is well...
The negative results of the auctions on Italy’s and Spanish bonds pressured the Euro currency. Asian and European trading sessions:
The USD/JPY pair originally fell during the session on Tuesday, only to bounce back during the US session. The market ended up forming a hammer and the dose it just above the 79.50 level that has caused...
The market participants expect the negative outcome of the upcoming EU
The USD/JPY pair fell hard on Monday as the risk appetite around the world fell overall. The Yen gained against many of the major currencies around the world as traders stepped back their “risky bets.” The 80...
The USD/JPY pair rose during the Friday session as the Yen weakened overall. The 80 level looks very resistive overall, and the top of this resistance level is the 80.50 spot.
USDJPY is facing 80.61 key resistance, a break above this level will confirm that the downward movement from 84.17 has completed at 77.66 already, then the following upward movement could bring price to 83.00 area. Support is...
The USD/JPY pair had a fabulous day as the market shot straight up and past the 80 handle. However, there end of the resistance isn’t until we get over the 80.50 level, and we are just shy...
The FOMC meeting results: the rate kept at 0-0.25 %, the “Twist” program
The USD/JPY pair rose during the session as the Federal Reserve only managed to extend the “Operation Twist” instead of easing further and more aggressively. Based upon the Fed’s announcement, it looks as if the central banks...
