USD/JPY
Miembro desde Oct 02, 2014
posts 909
Jan 07, 2017 at 14:59
Bearish on the US dollar.
Positivity
Jan 08, 2017 at 08:36
The dollar tumbled against the yen on Thursday. The US currency lost significant positions, reaching levels since early December 2016. This month the couple broke two supports at 116.50 and 115.67. It is expected that soon the dollar to recover some of the losses accumulated. The session on Thursday started at a price of 117.22, and the final v aluewas 191 pips lower. Bottom of the day was struck at 115.21.
Jan 12, 2017 at 02:22
alexforex007 posted:
The Yen keeps rallying while the Nikkei keeps falling. The 121.00 could act as support, but another visit to that zone may cause the price to break below it.
Hello, I know this is a bit old thread but I have read that Nikkei is back on track in the market. What do you think with it? Here's the article I have read: https://www.funds-money.com/nikkei-shares/
Miembro desde Oct 02, 2014
posts 909
Jan 13, 2017 at 16:20
Bearish on the pair.
Positivity
Jan 15, 2017 at 08:39
The US dollar was down against the Japanese Yen on Friday. By the close of US trading USD/JPY was trading at 114.54, shedding 0.14%. I believe that the support is now located at the level of 113.73, the low of Thursday, and resistance is likely at the level of 117.53 - the maximum of Monday.
Jan 18, 2017 at 12:04
The dollar lost ground against the yen on Tuesday. The US currency did not respond to positive expectations and continued downward trend since late last week. The pair broke the key level at 113.06 and tested the support at 112.44. The trading started calmly at a price of 114.17, but the early morning bearish sentiment prevailed. The decline of the dollar continued throughout the session, as the bottom was hit at 112.59, and the session was closed 2 pips higher.
Miembro desde Oct 11, 2013
posts 775
Jan 19, 2017 at 03:10
Nice pullback on the USDJPY, going above the 114.00 level. If it continues going higher, then the 116.00 level may act as its next resistance.
Jan 19, 2017 at 11:00
Dollar/yen made up rally yesterday after the speech of Janet Yellen, topped at 114.75. As can be seen, the price tested the level 114.60. A clear break above it can cause upward movement testing 115.50 - 116.00. Immediate support is seen near 113.80/50. A clear break below that area could reactivate the downward phase of setting up a double top around 118.60. On the downside, the first target of the bears will be 112.00 - 111.30.
Jan 19, 2017 at 11:03
BofA: Trump doesn't want to see strengthening of the dollar. Risk-return on long positions in US dollars will decrease with increasing volatility after the inauguration of Donald Trump on Friday, analysts from BofA say.
They do not doubt that Trump doesen't want to see strengthening of the dollar, thus they do not expect a more hawkish tone in the leadership of the Federal Reserve.
Analysts emphasize again that the two main political pillars of Trump are contravercial - fiscal policy requires a strengthening of the dollar, but trade policy requires a weaker dollar.
They do not doubt that Trump doesen't want to see strengthening of the dollar, thus they do not expect a more hawkish tone in the leadership of the Federal Reserve.
Analysts emphasize again that the two main political pillars of Trump are contravercial - fiscal policy requires a strengthening of the dollar, but trade policy requires a weaker dollar.
Miembro desde Oct 02, 2014
posts 909
Jan 21, 2017 at 10:13
The Yen appears to be weakening.
Positivity
Jan 24, 2017 at 17:55
The US dollar experienced a significant decline against the yen on Monday. After a volatile session, the dollar lost 154 pips at a closing price of 112.69. Price managed to break through the first support at 114.00, while the daily extremes were reached respectively at 114.42 and 112.68. The outlook in the short term remains neutral and levels at 114.00 and 111.00 - key for the subsequent performance.
Jan 24, 2017 at 20:21
The dollar was trading close to a 7-week low against a basket of other major currencies amid lingering market concerns about the protectionist policies of Donald Trump. The weakness of the dollar reflects concerns about the uncertain economic Trump policy, as well as fears that his protectionist stance can reduce corporate earnings and become a brake on economic growth.
On Monday, Trump has initiated a formal process of US withdrawal from participation in the Trans-Pacific Partnership (TPP). It separates the United States from its Asian allies.
Trump also announced his intention to renegotiate the North American Free Trade Area (NAFTA) with Canada and Mexico to the conditions more favorable for the United States.
The dollar rose against the yen: USD/JPY pair rose by 0.48% to 113.22 after falling to 112.53 yesterday.
On Monday, Trump has initiated a formal process of US withdrawal from participation in the Trans-Pacific Partnership (TPP). It separates the United States from its Asian allies.
Trump also announced his intention to renegotiate the North American Free Trade Area (NAFTA) with Canada and Mexico to the conditions more favorable for the United States.
The dollar rose against the yen: USD/JPY pair rose by 0.48% to 113.22 after falling to 112.53 yesterday.
