Forex-Metal Weekly Analysis
Market review for 04-08.06.2012
Tag: USDJPY
USD/JPY Forecast June 11, 2012, Technical Analysis
The USD/JPY pair fell for most of the session on Friday, only to turn around and form a hammer in the end. The hammer is just below a massive resistance area though, so we don’t read too...
USDJPY Analysis – June 10, 2012
USDJPY breaks above the downward trend line on daily chart, suggesting that a cycle bottom has been formed at 77.66 on daily chart. Further rise to test 80.60 key resistance would likely be seen next week, a...
USD/JPY Forecast June 8, 2012, Technical Analysis
The USD/JPY pair rose again during the session on Thursday in reaction to the lack of easing being mentioned by the Federal Reserve Chairman Ben Bernanke in front of Congress. In fact, Mr. Bernanke even admitted that...
USD/JPY Forecast June 7, 2012, Technical Analysis
The USD/JPY pair gained for the third session in a row on Wednesday as the “risk on” trade came back into vogue. The Bank of Japan has been jawboning the value of the Yen down again, and...
Forex-Metal Daily Analysis -06/06/2012
The Reserve Bank of Australia lowered the interest rate by 0.25 % points – to 3.5 %. Asian and European trading sessions:
USD/JPY Forecast June 6, 2012, Technical Analysis
The USD/JPY pair had a bullish session on Tuesday as members of the Bank of Japan started the verbal phrase of their intervention in order to bring down the value of the Yen. The BoJ has a...
Forex-Metal Weekly Analysis
Market review for 28.05 – 1.06, 2012
USD/JPY Forecast June 4, 2012, Technical Analysis
The USD/JPY pair fell hard during the session on Friday as the Non-Farm Payroll numbers came out weak. The 69 thousand jobs added was well under the expected amount, and as a result the Dollar got pummeled.
USDJPY Analysis – June 2, 2012
USDJPY stays below a downward trend line on daily chart, and remains in downtrend from 84.17, and the fall extends to as low as 77.66. Key resistance is at the trend line, as long as the trend...