USD/JPY Analysis (August 23)
The pair continues to consolidate but seems to carve out a material base on top of its historical low (76,00).
Tag: USDJPY
22nd August, 2011 – Daily Forex Report by GFM Research
The Dollar Index again took support at 73.50-74.00 ranges, which happens to be very important support; most of the asset classes, especially the equity bourses succumbed to selling pressure resulting in the Dollar Index recovering again from...
USD/JPY Technical Analysis August 22, 2011
The USD/JPY pair fell hard on Friday, especially during the US session. The pair is suffering from the “flight to safety” trade at the moment as traders buy the Yen in droves around the world.
USD/JPY Analysis (August 20)
It is always the same story with the USD/JPY which has been trading flat after the market has digested the last BoJ intervention (from August 04).
USDJPY Analysis – August 20, 2011
USDJPY broke below 76.29 previous low, suggesting that the pair remains in downtrend from 85.51. However, lengthier consolidation of downtrend is still possible in a couple of week, and one more rise to 79.00 area to reach...
USD/JPY Technical Analysis August 19, 2011
The USD/JPY continues its slow march south as the trading world tentatively tests the patience of the Bank of Japan. The central bank intervened just two weeks ago, and at levels just above where we presently sit.
19th August, 2011 – Daily Forex Report by GFM Research
Most of the asset classes, especially the equity bourses succumbed to selling pressure resulting in the Dollar Index recovering again from important support of 74.00 ranges. The Dollar Index is range bound between 73.40-76.70 ranges; historic correlation...
Forex-Metal Daily Analysis – 18/08/2011
US Dollar drops against competitors. Asian and European trading sessions: Euro: Today the EUR/USD pair managed to show a strong positive dynamics and almost reached the $1.4500 maximum. Released negative Euro-zone Consumer price index did not pressure...
USD/JPY Analysis (August 18)
The pair continues to trade flat above its historical low at 76,30 but remains under pressure.
USD/JPY Technical Analysis August 18, 2011
The USD/JPY pair fell on Wednesday as traders continue to test the patience of the Bank of Japan. As the bank has recently intervened, and has stated several times that it is “monitoring the currency markets”, it...