USD/JPY

Any disapointment in US data is likely to plot a retrace towards 101.

The US dollar rose against the Japanese Yen on Friday. By the close of US trading USD/JPY was trading at 101.34, gaining 0.31%. I believe that the support is now located at around 100.07, Tuesday's low, and resistance is at the level of 101.86 - the maximum of Thursday.

Key quote from BOJ Governor Kuroda :''BOJ still has a lot of room left to ease policy''.

csc2009 posted:
Key quote from BOJ Governor Kuroda :''BOJ still has a lot of room left to ease policy''.

They've said that forever.

Good week for the pair.

The US dollar added value versus the yen on Monday and recover some of Friday's losses. The pair climbed 34 pips to 103.59 after trading in the 103.78 and 103.59. The price failed to test the levels of peak last week, but the bulls remain technically in a leading position.

USD/JPY:
Key levels to watch for:
Support: 102.70; 101.75; 100.05;
Resistance: 104.35; 105.45.

The US dollar rose against the Japanese Yen on Friday. By the close of Asian session USD/JPY was trading at 103.78, gaining 0.07%. I believe that the support is now located at around 102.78, Monday's low, and resistance is at the level of 104.63 - the maximum of Thursday.

Bullish here.

The pair is quite bearish at the moment although it is still testing 103.20. I think that if it breaks out below that support it will continue dropping towards 103.00.

The US dollar recorded a decrease against the yen on Wednesday. The pair opened at 103.86 and the price managed to break through the first support at 103.70. Eventually, after a volatile session, the dollar ended at 103.43. The pair continues to be in positive territory, which will likely follow the new test levels at 103.70.

Key levels to watch for:
Support: 103.70; 102.57; 101.20;
Resistance: 105.30; 106.55.

The US dollar was down against the Japanese Yen on Friday. By the close of US trading USD/JPY was trading at 103.78, shedding 0.15%. I believe that the support is now located at around 103.15, Wednesday's low and resistance is likely at the level of 104.39 - the maximum of Monday.

Usd/Jpy failed to rally beyond 104.00 level suggesting the pair might entre correction mode, need further confirmation for clear direction.

Key levels to watch for:
Support: 102.78; 101.72;
Resistance: 104.30; 104.97.

Dollar / yen was indecisive last week. The outlook is neutral for now. Overall I remain in the camp of bears, but we need at least a break below 103.50 for a potential end to the current bullish correction phase. On the upside, 104.20 remains an important resistance, it is possible for us to see downward pressure around the area. A clear break and consistent move above 104.20 will open the door to 105.50.

The dollar recorded volatile session against the Japanese Yen on Friday. Eventually the Japanese currency prevailed, but short-term expectations remain in favor of the dollar. In this case the resistance at 104.30 remains threatened. Trading started at a price of 103.94, and the final value was 12 pips lower. The pair varied over a wide range, the difference between the highest and lowest value for the day was 68 pips.

The pair is moving to the upside again after bouncing off 104.50. Next target is likely around 105.30 - 105.50.

Dollar/yen made upwards momentum last week, formed a peak of 105.52 but closed lower at 104.71. The price moves down once slid over the top line of the bullish channel (resistance), suggesting a potential bearish pressure, but while remaining within the price channel, the pair is still in the upward phase. Trading bias is neutral in nearest term probably with slight bearish signals for testing 104.00 but key support remains 103.50. Immediate resistance is at 105.00. A clear break above it might trigger further bullish pressure to test 105.50 or higher.