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Jun 06 2017 at 11:42
325 posts
Yen will likely remain stronger until the UK election is over.

Jun 06 2017 at 16:46
823 posts
USD/JPY will soon reach the support at 109.00. I think that it will continue depreciating toward the strong support visible on the weekly time frame at 108.60 – 108.00.

Jun 06 2017 at 19:34
774 posts
The bearish momentum accelerates on the USD/JPY, breaking below the consolidation area at the 110.51 level. The pair may continue falling and a visit to the 109.00 level is possible, but that round number zone may act as support.


Jun 07 2017 at 11:49
12 posts
I think we are going to see a run all the way to the bottom. I find that USDJPY doesn't really care about round numbers

Jun 07 2017 at 16:20
823 posts
I think that the overall trend is bearish and the pair will reach 108.00 eventually, but for the moment it rebounded from 109.10. We might see it rally to 110.00 again in the short term.

Jun 08 2017 at 06:38
834 posts
The pair is testing 110.00/10 resistance zone ahead of major Thursday events.

Jun 08 2017 at 09:49
33 posts
USD/JPY has reasserted downside pressures, affecting their view for new rallies to the 112 area and paving the way for a decline to supports at 109.05109.20 ahead of 108.61-108.73.

Caution will be in order as a drop below these last supports would underpin bearish momentum, flagging 106.66 (quarterly Bollinger moving average) as targets. The resistances are located at 110-110.20, at 111, at 111.80-112 and at 112.60.

Jun 08 2017 at 16:00
823 posts
USD/JPY reached a high at 110.38 before the pullback began. I think it's possible this is the end of the current rally, considering the hanging man bar on the H4 time frame, although the pair did rally above it.

Jun 08 2017 at 22:13
421 posts
The dollar again led the yen on Wednesday. During the day, the US currency added 41 pips to its assets. At the end of the session, one dollar swapped to 109.81 Japanese yen. The opening rate was 109.40 and the bottom of the day the rate was at level 109.11. Several times during the day the resistance at 109.63 was breached, but only the last one was confirmed with a daily peak of 109.87.

Jun 09 2017 at 16:25
708 posts
Key levels to watch for:
Support: 109.63; 108.30; 106.44;
Resistance: 112.20; 112.75.

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