USD/JPY

The USD/JPY pair jumped to 109.82 at the beginning of the day, currently is tradign around 109.40. Indicators are losing strength and to return to bullish stance the pair will need to break above the 109.90/110.00 area.

The dollar/yen continued its downward movement yesterday, sliding under the significant support of 108.50 and now fighting around it. Expectations remain for down. In my view, an acceptable strategy now (due to the good risk-return ratio) is for purchases of around 108.50 with narrow stops of loss below 108.10 and targets of at least 100 or 150 pips. Downwards, a clear break and daily closure below 108.10 will clear the road to 107.50/00 or lower. The first resistance is at 108.85, whose breakthrough can take the price to a neutral zone. Only a clear break above 110.00 will, however, interrupt short-term downside signals after the pin on the daily chart.

The US dollar recorded a decline against the Japanese yen. The session started at 109.40 closing for the day at 108.76. The dollar continued its downward trend reaching a one-week decline of 108.10, successfully breaking the support at 109.13 and 108.54. In case of breakthrough of the support at 108.54, we would expect a test of 107.88.

USD/JPY
Key levels to watch for:
Support: 108.54; 107.88;
Resistance: 109.13; 110.02;

The USD/JPY pair reached a high of 109.30 and is now trading very close to it. The pair might concentrate around this level until the announcement of the latest NFPs and jobs data scheduled to be released in less than an hour.

The Yen has been depreciating, I think the USD could reach 111.00 before long.

USD/JPY is moving north. I think the pair will test the area around 110.00 where is staying the flat 100-day SMA.

Intraday Elliottwave Analysis: USDJPY, re-test 110.44/87?

USDJPY closed above upper bands after NFP.

Long term trend still point up.

There are various possible Elliottwave count results from current levels.

Holding above the lower bands, further upside toward 110.44/87 could not be ruled out.

Important resistance level can be found at 110.00 level, only if break above the pair could continue its bullish trend. With trade war tensions and political uncertainty, I'm expecting further upside.

USD/JPY is trading around 109.50, just below the 50% Fibo of latest bearish run. Indicators has lost directional strength although remain within oversold area. It seems that the pair is consolidating before next upward move.

I was bearish on this, projecting 106. However, I think we will see further upside first before any breakdown. My two cents. I will start looking for shorts when we crack 111.

It is true that USD/JPY bulls looks exhausted; but they are still capable of spurts and slow grinds up.

The weakeness provided by the US Dollar pushed the USD/JPY lower today. The pair crossed to below the 110.00 level but the 50% Fibo at 109.65 offers good support.

USD/JPY
Key levels to watch for:
Support: 107.70; 105.40;
Resistance: 109.90; 111.15;

The US dollar recorded a decline against the Japanese yen on Thursday. Session started at 110.17 and the price managed to break the first support at 109.90. Eventually the pair finished at 109.69 and if the bearish trend continues, we can expect a test of the next support at 107.65.

The pair looks bearish, i think it might break to the downside next week.

Dollar regains its bullish momentum ahead of Trump-Kim summit on Tuesday, there is room to extend to 110.20, break above next target would be around 111.20 level.

What's happening on USD JPY Please ?

It's floating

The USD/JPY broke the key resistance at 110.00 ahead of the key event of the week. Next challenge comes with February’s high at 110.48, which according to the indicators on the four hour time frame is achievable.