USD/JPY Forecast June 20, 2012, Technical Analysis

by FX Empire | June 20, 2012 6:39 am
The USD/JPY pair fell slightly during the session on very little motion one way or the other during the Tuesday session. The pair is essentially in “No Man’s Land” as the 78 level and the 80 level...

USD/JPY Forecast June 19, 2012, Technical Analysis

by FX Empire | June 19, 2012 7:24 am
The USD/JPY pair did very little during the session on Friday as the markets are stuck between the 78 and 80 levels. The market is still a “buy only” for us, and because of this we are...

USDJPY Analysis – June 16, 2012

by ForexCycle.com | June 16, 2012 4:56 am
USDJPY has formed a cycle bottom at 77.66 on daily chart. Another rise to test 80.61 key resistance would likely be seen next week, as long as this level holds, the price action from 77.66 could be...

USD/JPY Forecast June 15, 2012, Technical Analysis

by FX Empire | June 15, 2012 8:55 am
The USD/JPY pair fell for the session on Thursday as the pair is essentially stuck between the 0.79 and 0.8050 levels, and is simply looking for some kind of direction to follow. The Bank of Japan is...

USD/JPY Forecast June 14, 2012, Technical Analysis

by FX Empire | June 14, 2012 6:19 am
The USD/JPY pair had a relatively quiet session on Wednesday as the markets continue to measure the likelihood of more easing coming out of the Federal Reserve. The Bank of Japan is certainly in an easing mode,...

USD/JPY Forecast June 13, 2012, Technical Analysis

by FX Empire | June 13, 2012 6:48 am
The USD/JPY rose during the session on Tuesday as the risk appetite rose as well. The 80 level above continues to be the current “ceiling” for price, and as a result we think that a clearing of...

USD/JPY Forecast June 12, 2012, Technical Analysis

by FX Empire | June 12, 2012 6:25 am
The USD/JPY pair had a negative session on Monday as the markets initially felt good about the weekend deal with Spain, but turned sour overall. The candle for the session ended up being a red one, but...