USD/JPY
Member Since Oct 02, 2014
909 posts
Aug 04, 2017 at 10:14
Support is expected at around 109.20. I'm thinking about going bullish if it gets there.
Positivity
Aug 04, 2017 at 10:40
After two successive days for the dollar, yesterday the yen fully offset losses, taking 68 pips out of the US dollar. At the beginning of the day one dollar was quoted at 110.72 yen, and at the end of the session the rate was 110.04. Extreme values for the day were recorded at 109.85 and 110.82 respectively.
Member Since Oct 02, 2014
909 posts
Aug 07, 2017 at 09:03
USD/JPY has been trading choppy recently as price is fluctuating around 110. Neutrality now could be the best strategy.
Positivity
Aug 10, 2017 at 11:36
The dollar / yen tried to lower yesterday, making the bottom at 109.55, but closing higher at 110.05. The first resistance is seen at 110.35 (yesterday's peak). A clear break above this level could lead to future upward pressure testing for 110.80 - 111.00 or higher. On the downside, a clear breakthrough and daily closure under the trendline support line and 109.50 / 00 will trigger the bearish pattern.
Aug 10, 2017 at 12:43
The dollar recorded a second consecutive loss against the yen on Wednesday. The US currency continued its losing session and as a result the first support at 109.62 was broken. However, short-term expectations are in favor of the dollar. Wednesday's trading was open at a rate of 110.30. The trend was volatile, but ultimately the bears prevailed and the pair hit the bottom at 109.55. The final line was cut at 110.05.
Member Since Oct 11, 2013
775 posts
Aug 11, 2017 at 01:13
The USDJPY finally reaches the 109.00 level, but the zone has been a very strong support in the past, therefore, unless risk aversion continues or the Dollar suddenly goes back to its bearish trend, the pair may bounce to the upside from the 109.00 level. A breakdown of the 109.00 level may take the pair to the 108.13 low. To the upside, the most relevant resistance is at the 111.00 level.
Member Since Oct 02, 2014
909 posts
Aug 11, 2017 at 09:51
The Japanese Yen broke the support in the preopening hours of the European session. Bears might increase their positions.
Positivity
