The pair continues to trade flat just above its historical low (76,00). A material might be in place but we now need to see a break above 77,70 (recent high) to confirm a bullish reversal.
The USD/JPY pair rose quite a bit on Thursday, but only to fall again in later trading. The 77 level is now turning into significant resistance at this point, and should keep a bit of a cap...
The pair continues to trade flat just above its historical low (76,00). A material might be in place but we now need to see a break above 78,00 to confirm a bullish reversal.
The Swiss Franc, the Yen and the US dollar remained supported.
The USD/JPY pair fell on Wednesday, yet managed a nice bounce in the latter hours of the session. The candle for the day printed as a hammer, and just above the 76 level. The market is supported...
The US dollar is gaining strength again.
We have seen the pair confirming a possible material base on top of its historical low (76,00) but the structure remains relatively weak.
An increase in the risk appetites supported high-yielding currencies.
We have seen the pair confirming a possible material base on top of its historical low (76,00) but the structure remains relatively weak.
USD/JPY fell hard during the Friday session as traders piled into the Yen. The USD in general fell in value around the world as Bernanke stated in his Jackson Hole press conference that the US economy didn’t...