Currency Newswire » USD JPY

USD/JPY Aiming Higher

admin — Fri, 12 Nov 2010 04:50:44 +0000

The Dollar extended its gains against the Japanese yen, yet the upside remained limited below the Wednesday high, with the pair still struggling with the daily descendant trend line coming from 92.88, June 4th daily high. The hourly chart shows price firm above a slightly bullish 20 SMA acting as dynamic support, while bigger time frames hold its bullish tone.

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USD/JPY Eyeing 82.00 Resistance

admin — Wed, 10 Nov 2010 05:17:35 +0000

The Greenback keeps trading close to yesterday’s highs against the Japanese Yen. Despite having fallen toward a session low at the 81.55 area at the beginning of the current Asian session, USD/JPY managed to regain the upside and is headed toward the 82.00 resistance area.

USD/JPY Steady

admin — Tue, 09 Nov 2010 00:01:02 +0000

USD/JPY has been able to hold above 81.00 and is currently hovering around 81.15. The pair is trading flat in a calm session and has moved in a 15-pip range in the last hours, between 81.10 and 81.25.

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Forex: USD/JPY Nearing 15-Year Low

admin — Thu, 04 Nov 2010 21:33:08 +0000

Despite US indexes soaring to fresh yearly highs, with the DJIA up 175 points and the S&P almost 1.5% higher, the Japanese yen regained the upside against the dollar, with the USD/JPY barely 30 pips away from the 15-year low posted earlier this week. After the FED announced yesterday that they will pump another $600B into the economy, the dollar lost strength across the board.

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USD/JPY Update

admin — Wed, 03 Nov 2010 22:21:06 +0000

The dollar strengthened rapidly against the yen earlier today – or perhaps more accurately – the yen weakened a great deal against the dollar.

While some may view the wording of this as meaning the same thing, in this case it is not.

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Forex: USD/JPY Approaches Daily High

admin — Wed, 03 Nov 2010 03:02:41 +0000

Despite being range bound, USD/JPY has been losing ground against the dollar since the Asian session, having reached an intraday high of 80.95 during American hours; quoting around 80.80 at the time of writing, the pair remains trapped in between 80.30, a 15-year low posted earlier this week, and the 81.00 level.

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USD/JPY Falls After Massive Spike

admin — Tue, 02 Nov 2010 05:35:00 +0000

During last night’s Asian trading the Dollar / Yen pair saw a significant charge out of the gates as the Chinese released stronger than expected manufacturing numbers, signaling that the world’s economic health might be stronger than thought. Unfortunately for dollar bulls, this move did not last for long.

After rising all the way to an FX rate of 81.43 in the first few hours of Tokyo trading, the dollar has been forced back down to the previous norm of the 80 handle, in a sign that traders are insistent on testing the Bank of Japan’s resolve, this happened almost as fast as the spike upwards did.

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USD/JPY Near a Test of All Time Low

admin — Fri, 29 Oct 2010 04:30:00 +0000

USD/JPY Current Price: 80.98. The Yen recovered, pushing the cross back to test the key 80.85 support area, with the price holding now in a very tight range around 81.00; short and long term bias remains bearish.

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Forex: USD/JPY, Upside Limited

admin — Wed, 27 Oct 2010 20:47:20 +0000

Despite dollar recovery across the board, USD/JPY has been trading lower after reaching the 82.00 level during the Asian session; trading around 81.60 price zone, the upside has remained limited by Wall Street, as stocks sink as FED hopes wane.

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USD/JPY Regaining the Upside

admin — Tue, 26 Oct 2010 21:55:27 +0000

The Dollar is trading higher against the Yen today, and the recovery from the long-term low at 80.40 has extended to the session high at 81.40, regaining all the ground lost on Monday.

USD/JPY Heading Toward 79.75

admin — Tue, 26 Oct 2010 00:04:19 +0000

USD/JPY Current Price: 80.87. The Japanese yen resumed its bearish trend, reaching a fresh 15-year low at 80.40 and consolidating just below the previous one around 80.85.

USD/JPY Rises to Test Resistance

admin — Mon, 25 Oct 2010 19:30:27 +0000

The Dollar has been able to hold above 15-year lows that lie at 80.40 so far during the American session. In the last few hours, USD/JPY has gained momentum and currently is testing an intra-day resistance zone that lies at 80.70.

USD/JPY Back Above 81.00

admin — Wed, 20 Oct 2010 21:33:09 +0000

The Dollar regained levels above 81.00 against the Yen after reaching 80.82 earlier, a new 15-year low. USD/JPY managed to recover and currently is testing levels above 81.15.

USD/JPY Trapped Around 81.60

admin — Tue, 19 Oct 2010 22:05:50 +0000

USD/JPY rose to a fresh 4-day high today around 81.92 and, unable to break above the 82.00 psychological level, retreated to the current 81.60 price zone. Dollar gains against the still-strong Japanese yen were triggered by a surprise China rate hike and gold slump.

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USD/JPY Forex Technical Analysis Round-Up

admin — Mon, 18 Oct 2010 20:46:05 +0000

As of around 9:00 A.M. GMT on Monday, the yen was nearing Friday’s 15-year high against the dollar in early European currency market trading.

This is what the analysts say about the heavily traded currency pair in the near-term:

Action Forex says intraday bias for USD/JPY remains neutral for the moment, and some sideways trading could be seen above Friday’s low of 80.88.

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USD/JPY Trimming Losses

admin — Thu, 14 Oct 2010 21:35:53 +0000

FXstreet.com (Barcelona) – The Dollar has broken below the previous days’ consolidation channel, accelerating below the 81.65/70 support area to hit a fresh 15-year low at 80.90, where the Greenback found support, to pick up to 81.60 at Wall Street opening.

On the upside, the pair might find resistance at 81.65/75 (Oct 12/13 highs), and above here, 81.95/00 (Oct 13 high), and 82.35 (Oct 11/12 high).

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USD/JPY Ends Week Under Pressure

admin — Fri, 08 Oct 2010 22:52:24 +0000

FXstreet.com (Córdoba) – The Yen rose for the third week in a row against the Dollar and reached on Friday a fresh 15-year high. USD/JPY tumbled to 81.71 after the release of the US job report. During the American session the pair managed to rise back to 82.00.

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USD/JPY Falls Despite BOJ Easing Moves

admin — Wed, 06 Oct 2010 03:24:40 +0000

The dollar plunged versus its rivals on Tuesday on signs other central banks are joining the Federal Reserve in easing monetary policy.

The Bank of Japan unexpectedly lowered its key interest rate from 0.1% to a range of 0 to 0.1% and announced a new bond purchase program. The unanimous decision was the first change of Japan’s benchmark rate since December 2008.

Meanwhile, the Reserve Bank of Australia unexpectedly left its key rate unchanged at 4.50% for a fifth consecutive month.

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USD/JPY Consolidates Gains

admin — Mon, 04 Oct 2010 20:23:20 +0000

The dollar consolidated gains versus the yen on Monday, ahead of a key interest rate decision by the Bank of Japan and after mixed U.S. data on pending home sales and factory orders.

In late U.S. currency market trading, USD/JPY hit 83.38, up 0.21 percent on the day.

Early Tuesday, the Bank of Japan was to announce a decision on whether to shift its benchmark interest rate, the Overnight Call Rate. The central bank was expected to keep the rate steady at 0.1 percent, two currency market trading news outlets reported.

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USD/JPY Tests Daily Lows

admin — Wed, 30 Jun 2010 20:51:02 +0000

USD/JPY moved away from 88.70 and fell to test daily lows around 88.35 after Moody’s put on review Spain’s Aaa rating. The pair is still moving in a narrow range between 88.70 and 88.35 but weakened after the Yen gained momentum across the board following the announcement and a decline in US stocks.

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