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Member Since Apr 09, 2016  266 posts idimitrov Mar 19 at 09:12
I think that USD / JPY has found a new corridor between 114.50 and 112, and it will try to break lower sooner than to break above.


Member Since Apr 09, 2014  679 posts csc2009 Mar 20 at 02:15
The pair consolidating lower indicating the likelihood of further decline towards 112.00 level.


Member Since Jun 21, 2016  888 posts Best FX Tools (besttools) Mar 20 at 09:45

A follow through selling pressure below mid-112.00s has the potential to drag the pair towards 111.65-60 important support, with some intermediate support near the 112.00 handle.

On the upside, any recovery attempts might now confront immediate resistance at 100-day SMA near 113.00 round figure mark, which if cleared decisively is likely to trigger a short-covering rally towards 113.35-40 resistance, en-route 50-day SMA hurdle near 113.65 region.

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Member Since Dec 09, 2015  409 posts dianajs Mar 20 at 17:20
I think USD/JPY will make yet another attempt to test the support zone around 112.00 - 111.60 and if it fails to break out below that level it will move sharply to the upside.


Member Since Jan 15, 2017  10 posts fxmills Mar 21 at 07:44
I just hope that the predominant trend is the bullish one. I'm watching this pair.


Member Since Jun 21, 2016  888 posts Best FX Tools (besttools) Mar 21 at 08:53

Momentum above 112.90 (yesterday high) could get extended towards 100-day SMA resistance near 113.10 region, above which the pair is likely to accelerate the up-move towards 50-day SMA hurdle near 113.60 region. On the downside, retracement back below mid-112.00s might now drag the pair towards 112.00 round figure mark before the pair eventually drops to yearly lows support near 111.65-60 regio

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Member Since Nov 16, 2015  354 posts deresel Mar 22 at 12:24
For the sixth consecutive day the Japanese yen performs better than the US dollar. During the last session the dollar lost another 72 pips. Early the dollar was traded for 112.49 yen. The first hours the dollar was stronger and it recorded a peak level of 112.86, but later followed fairly sharp decline in the rate and bears broke first support at 112.00 to record bottom level of 111.53. The session closed at 111.77.


Member Since Nov 16, 2015  354 posts deresel Mar 22 at 12:26
Key levels to watch for:
Support: 111.20; 109.63;
Resistance: 112.00; 114.05; 115.64.


Member Since Apr 09, 2016  266 posts idimitrov Mar 22 at 16:01
Dollar/yen had a bearish momentum yesterday, bottomed at 111.53 and hit 111.42 earlier this morning. The outlook remains bearish, but note that the zone 111.50/30 is key support and a good place for a long position with tight stop loss. Purchases around this area will give a better price and risk/return. Immediate resistance is 112.30/50, whose breakthrough could lead price to neutral zone for testing 113.00 or higher. On the downside, a clear break and daily close below 111.30 would reactivate the bearish pattern as part of the scenario of the double top (118.60).


Member Since Oct 02, 2016  8 posts renev Mar 23 at 07:54
USD / JPY mounts to falls in the Nikkei despite the rise in Japanese exports.
Nikkei is tied to declines in international stock markets, boosting demand for Japanese yen.
• Japanese exports increase from 1.3% to 11.3%.
• USD / JPY broke the relevant support at 111.50.

During the day yesterday the American stock markets presented a remarkable fall that was generated, mainly, by falls in the financial sector and in the energy sector. These falls were replicated by the various exchanges at the international level, where the Asian stock market was no exception.
The Nikkei had setbacks between yesterday and today of more than 500 pips, which led the index to break the 19,000. The falls failed to be slowed by the strong rise in Japanese exports that show a significant recovery within the Japanese economy and augur good growth figures for this first quarter of 2017.


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