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deresel
Jul 03 2016 at 16:25
708 posts
USD/JPY: Key levels to watch for Monday:
Support: 101,37;
Resistance: 103,39.




Attachments:


idimitrov
Jul 03 2016 at 17:13
421 posts
The most probable movement of the USD/JPY is falling to the 100.00-101.00 zone, and as a major resistance level will perform the 103.50 zone. An alternative view - the possible growth of the pair to the level of 106.30. At the same time, we must remember that the USD/JPY is now at Pivot Point level of the first half of 2014 year, and perhaps for some time it will follow along this line.

alexforex007
Jul 05 2016 at 05:31
774 posts
The USD/JPY has pulled back to the 103.00 level and bounces to the downside from there. The bearish momentum may continue towards the 100 level.

deresel
Jul 05 2016 at 08:28
708 posts
The US dollar remarked modest decrease against the Japanese Yen on Monday. The pair remained almost unchanged and lost only 7 pips. The graphics continue to develop under moving averages, while the index of relative strength remain on neutral territory. The outlook remains neutral in the short term, levels at 101.20 and 103.70 retain their key role.

stian
Jul 06 2016 at 00:02
325 posts
Japanese market is in free fall due to the strong currency. I wouldn't be surprised if japan will talk interventions again or at least hint at more stimulus.

Way2Riches
Jul 06 2016 at 05:27
34 posts
What do you at these levels of USD/JPY ??? Is intervention sure not a verbal that has counter productive so far. At the time of writing it is at 100.90 and next support observe at 100.50 ahead of 98.78. Resistance is unchanged at 103.50 /60. Kuroda will speak tomorrow.

stian
Jul 06 2016 at 08:02
325 posts
Way2Riches posted:
What do you at these levels of USD/JPY ??? Is intervention sure not a verbal that has counter productive so far. At the time of writing it is at 100.90 and next support observe at 100.50 ahead of 98.78. Resistance is unchanged at 103.50 /60. Kuroda will speak tomorrow.

They have tried the verbal way since the pair was around 105. And while they may not rush to act, they surely have to make good on something to save the export. Export feel -11.3% in May, and -10.1%. And the May low was 105.52. We expect more fall as it hit a new low levels in June and July. Nikkei have fallen over 20% YTD. We could certainly see some desperation to save the economy.

Way2Riches
Jul 06 2016 at 11:07
34 posts
stian posted:
Way2Riches posted:
What do you at these levels of USD/JPY ??? Is intervention sure not a verbal that has counter productive so far. At the time of writing it is at 100.90 and next support observe at 100.50 ahead of 98.78. Resistance is unchanged at 103.50 /60. Kuroda will speak tomorrow.

They have tried the verbal way since the pair was around 105. And while they may not rush to act, they surely have to make good on something to save the export. Export feel -11.3% in May, and -10.1%. And the May low was 105.52. We expect more fall as it hit a new low levels in June and July. Nikkei have fallen over 20% YTD. We could certainly see some desperation to save the economy.


If USD/JPY set on a natural course then below 100 is inevitable to reach post brexit low at 98.78 and further. However there might something to do by Kuroda when it pass 100. We know market is tired of verbal threats. Yes Japan desperately needs to boost economy by weak Yen and investors demands safe haven.

stian
Jul 06 2016 at 13:25
325 posts
Way2Riches posted:
stian posted:
Way2Riches posted:
What do you at these levels of USD/JPY ??? Is intervention sure not a verbal that has counter productive so far. At the time of writing it is at 100.90 and next support observe at 100.50 ahead of 98.78. Resistance is unchanged at 103.50 /60. Kuroda will speak tomorrow.

They have tried the verbal way since the pair was around 105. And while they may not rush to act, they surely have to make good on something to save the export. Export feel -11.3% in May, and -10.1%. And the May low was 105.52. We expect more fall as it hit a new low levels in June and July. Nikkei have fallen over 20% YTD. We could certainly see some desperation to save the economy.


If USD/JPY set on a natural course then below 100 is inevitable to reach post brexit low at 98.78 and further. However there might something to do by Kuroda when it pass 100. We know market is tired of verbal threats. Yes Japan desperately needs to boost economy by weak Yen and investors demands safe haven.
Obviously we can't be sure how they will act, but timing wise it is the perfect time if they ever want to expand as many central banks are considering to expand their stimulus programs or cut their rates because Brexit.

stian
Jul 07 2016 at 01:10
325 posts
Not as agreesive as I would've hoped, but: 'Bank of Japan Governor Haruhiko Kuroda said on Thursday the central bank is ready to take additional monetary easing steps if needed' (Reuters). So certainly still on the cards for next BoJ meeting.

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