USD/JPY

The Japanese currency lost 48 pips against the dollar on Tuesday. The opening rate was 111.29, and for most of the day the currency pair moved around the first support at 111.20. In the early hours of the day a bottom was recorded at 110.85, and at night the course climbed to a peak of 111.85. The last quote for the day was 111.77.

USD/JPY
Key levels to watch for:
Support: 111.20; 109.63; 108.30;
Resistance: 112.00; 114.25.

I expected a breakout to the downside but the pair rallied and even formed a new high at 112.12. The closest target is at 112.55, but I doubt the rally will end there.

The dollar / yen tried to rise up yesterday, making a peak at 112.12, but collapsed down and closed at 111.48 after touching the trend line. Expectations are bearish for testing 110.85. Immediate resistance is around 112.00 / 12, which remains a good zone for placing short positions with narrow stops. A clear breakthrough over should erase the downtrend. Downwards, a clear break and a daily closing below 110.85 will open the doors to 110.00.

USD/JPY - Dollar is rising but still under the pennant formation. Perhaps sell from 111.45/50 may be reasonable, but it is Friday afternoon and the weekend mode is coming in place :)

Very volatile trading in the closing hours of the week. Expecting the volatility to continue in the start of the next one.

The US dollar was down against the Japanese yen on Friday. By the close of US trading, USD / JPY was trading at 111.34, losing 0.44%. I believe that support is now at 110.84, Tuesday's low, and the resistance is likely at 112.12 - the maximum of Wednesday.

Usd/Jpy is consolidating around 110/112 area, the pair is waiting for NFPs this week while lacking of directional strength.

I agree. It's very range-bound and that range is getting tighter and tighter. A big movement will require a catalyst in the form of news like the NFP.

Cable came under renewed selling pressure after latest Survation/GMB poll showed Labour continues to narrow the gap vs. Conservatives in the run-up to the general elections on June 8.

According to recent results, Conservatives are leading with 43% of the vote intention (unchanged from the previous poll) vs. 37% of Labour (vs. 34% previous).

The pair’s attempt of recovery lost momentum in the mid-1.2800s on Monday, briefly returning to sub-1.2800 levels during the Asian session while still navigating the area of multi-week lows after failing to sustain the up move further north of the 1.3000 handle.

On another direction, the speculative community continued to scale back its net shorts positions during the week ended on May 23, this time to levels last seen in mid-December 2015 according to the latest CFTC report.

Got this information from researchers of https://www.mmfsolutions.sg

The dollar / yen was indecisive yesterday, but traded lower today, hitting 110.76. The signals are bearish in the near future for testing at 110.25 / 00. A clear breakthrough and daily closure under this zone should open the doors to 108.00 this week. Immediate resistance is at 111.30. A clear break above this level may take the price to a neutral region, but the longer the pair is in line with the resistance line and the key resistance of 112.00, I prefer the bearish scenario at this stage and any upward pressure should be seen as a good opportunity For sales.

The US dollar recorded a negative session against the yen on Tuesday. The currency pair opened at 111.24 and the dollar managed to break the first support at 111.00 twice. The pair finished at 110.83 and in case the bearish trend keeps, there will probably be a breakthrough on the next support at 109.50.

USD/JPY
Key levels to watch for:
Support: 109.50;
Resistance: 111.00; 114.00; 115.40.

I shorted a while ago, I think USD/JPY will reach the local low at 110.20. Also, a breakout below that support could be the beginning of a drop to 109.50 or even 109.00.

USDJPY currency pair is going on high 111.09JPY.

USD/JPY rebounded from 110.50 but I managed to close my short on time. I haven't opened a long position as I should have though. Now I am waiting for the next signal.

USD/JPY at 110.85 down from 111.70 after the release of the US NFP and Jobs data.

If USDJPY stay up 111 we need only to buy it. Infact the red kumo is our support.

USD/JPY is stuck in a very tight range after the major drop last week. I think there might be a breakout below 110.20 but I will wait for that before I short again.