USD/JPY Technical Analysis for August 5, 2011
USD/JPY skyrocketed on Thursday, as the Bank of Japan intervened in the FX markets to stem the tide of Yen buying in the markets.
Tag: USDJPY
USD/JPY Analysis (August 5)
The pair has bounced significantly after the Japanese Finance Ministry intervention to curb the Yen strengh.
4th August, 2011 – Daily Forex Report by GFM Research
The US Dollar traded mixed wherein it has depreciated against the Euro and the Cable but has appreciated against the Swiss Franc, the Aussie Dollar and the Japanese Yen. Fierce intervention was seen by the BoJ to...
USD/JPY Analysis (August 4)
We have seen a huge sell-off of the Yen accross the board overnight after Japanese Finance Ministry unilaterally intervened in the FOREX markets by selling their own currency.
3rd August, 2011 – Daily Forex Report by GFM Research
Last minute deal has been struck to increase the US borrowings by President Obama, but the street seems to be more concerned about the weakening of the US economy which resulted in sell off for the straight...
USD/JPY Analysis (August 3)
After an acceleration of the decline, we are starting to see some choppy price actions with market partcipants watching for a possible intervention of the Bank of Japan which always moves the market significantly.
USD/JPY Technical Analysis August 2, 2011
The USD/JPY pair had an extremely wild day on Monday as traders weigh the results of a possible debt limit deal along with the idea of a possible Bank of Japan intervention in the FX markets.
2nd August, 2011 – Daily Forex Report by GFM Research
The US Dollar strengthens across the board especially against the Euro and the Cable; the Dollar Index (DXU11) finds stability again in the ranges of 74.00 after it has hit critical support of 73.40 ranges; despite the...
USD/JPY Analysis (August 2)
Last session has been very active on the Japenese Yen as a whole with of course an impact on the USD/JPY.
1st August, 2011 – Daily Forex Report by GFM Research
The Dollar Index (DXU11) finds stability again in the ranges of 74.00 after it has hit critical support of 73.40 ranges. The US Dollar is trading mixed after President Obama announced a last minute deal to increase...