Currency Newswire » JPY

USD/JPY Rises to 88.60

admin — Wed, 30 Jun 2010 04:37:31 +0000

The Dollar moved away from the lows of the day against the Yen and rose to 88.60, recovering from 88.26, fresh 7-week low. The Yen also moved away from the highs of the day against European currencies as the downside rally in Wall Street paused.

The Daily Forecaster: USDJPY

admin — Fri, 26 Feb 2010 04:26:52 +0000

The 88.76 target was met with 3 pips variance. The resistance at 89.50 is critical and while it holds there is probably a stronger risk that we’ll see 88.33 first. Watch for a bullish trade set up there as this should trigger a deeper pullback. Only an earlier break above…

GBPJPY analysis – inside bar on daily??

admin — Thu, 05 Feb 2009 00:23:23 +0000

daily chart – 11.30 am

An inside bar on daily chart indicates that the market is currently in uncertainty. Neither bulls nor bears are in control.

That also means that today is a NO TRADE day. =))
Will come back tomorrow…
Till then, cheers … :-h

UPDATE: 3.15 pm - congrats to those who get in the bear run... :-O 3.30 pm -
should the lower trendline at 127.30 broken, 125.00 might be on the way...

Risk appetite and general sentiment improves – EURUSD pushes higher.

admin — Wed, 04 Feb 2009 16:47:42 +0000

Risk appetite improved throughout yesterday, pushing EURUSD higher. Overnight EURUSD traded in the range 1.2955-1.3048 booking a 0.6% gain and USDJPY was range-bound between 89.33 and 89.68 – down by 0.1%. The dollar was weaker on a whole, declining against 7 of the 10 most traded currencies. The general improvement in sentiment had been building during the day as fresh fiscal stimulus packages…

GBPJPY analysis – waiting for confirmation…

admin — Tue, 03 Feb 2009 16:42:13 +0000

h1 chart 11.45 pm Malaysia

A engulfing bearish candle has formed on the daily chart. Meanwhile, the hourly chart shows the retracement is not over yet.

Downwards trend should continue once the 126.00 level is broken….

GBPJPY analysis – 126.69 next??

admin — Tue, 03 Feb 2009 16:42:12 +0000

chart h1 – 8.00 am Malaysia

Looks like the bears are gaining control on the beast. Should the price breaks the lower trendline, 1st target projection is Friday low (126.69).

UPDATE: 4.00 pm - Frankfurt market pulled the price down to 127.63           the lower trendline is now pierced. [-o<  4.51 pm - Friday's low hit [-o<            125.10 and 124.10 might be hit next 8.00 pm - 126.00 broken?           will the beast dive further down?  10.00 pm - closed all positions at 126.40           a pinbar on h4 chart indicates a retracement is due

admin — Mon, 02 Feb 2009 16:45:38 +0000

chart h1 – 8.00 am Malaysia

Looks like the bears are gaining control on the beast. Should the price breaks the lower trendline, 1st target projection is Friday low (126.69).

GBPJPY analysis – next week Feb 2nd outlook

admin — Sun, 01 Feb 2009 20:42:37 +0000

h4 chart at market closing

Price is currently already above the the daily upper trendline; which is drawn from Sept 24th to Jan 7th. Now it is testing the 130.00 resistance zone and could either break it or rebound from the it.

However, the trend reversal, if any, should only be confirmed if the price breaks 135.00 resistance level; which coincides with daily EMA50.

On the downside,a move below 128.00 level should dictates that the downtrend is still intact.

Meanwhile, the fundamental outlooks for Japanese yen and British pound are still bullish and bearish respectively at the moment. Therefore, the fundamental outlook for GBPJPY is still BEARISH. >:)

GBPJPY analysis – dragonfly at daily??

admin — Sun, 01 Feb 2009 20:42:35 +0000

daily chart – as of 11.30 am Malaysia

A dragonfly candle has appeared on the daily chart. Should yesterday’s low (126.49) is broken, this might signify a beginning of downwards move.

As I was away from chart this morning, I entered my sell position a little bit late. However, my position is currently at +50. [-o< Now thinking to hold the position for a few days. >

UPDATE: 6.00 pm - tough trading day #:-S           all my sell positions stopped out at +1           decided to wait until price breaks this morning low           otherwise I will stay out  9.00 pm - at last, a bearish candle came out on the hourly chart           hopefully, the beast keep dropping... [-o<         9.35 pm - some US news caused the price to whipsaw           stopped out at +1           re-sell at 128.26; SL locked at +1 again =))10.27 pm - closed at +40           done for the week           lesson for the day: DO NOT TRADE DURING MONTH END  )

GBPJPY analysis – British Pound Dominates Against the Majors on Massive Retracement – Can This Continue?

admin — Sun, 01 Feb 2009 20:42:35 +0000

The British pound was the strongest of all the majors not only on Friday, but during the entire week, as the currency trades in a highly speculative manner. Indeed, over the past 5 days, the British pound has rallied 8.6 percent against the New Zealand dollar and roughly 6.3 percent against the euro and Japanese yen in an attempt to recoup the massive losses accumulated between October 2008 and January 2009.

However, with both Credit Suisse overnight index swaps and a Bloomberg News poll reflecting expectations that the Bank of England will cut rates by another 50 basis points at 7:00 ET on Thursday to a new record low of 1 percent., it’s worth wondering how far this British pound rally can extend.

There are few doubts that the BOE will at least consider slashing rates again since the UK remains in a deep recession and officials anticipate that things will only get worse. In fact, BOE Monetary Policy Committee Member David Blanchflower, who is easily the most outspoken and dovish member on the Committee, issued very dovish comments on January 29, saying that the UK economy may face a recession worse than that of the one in the 1980’s and that the Bank Rate needs to be cut “further and quickly.”

Furthermore, he said that the MPC has considered their options in the case that the Bank Rate is cut to zero, which was quite timely comment when you consider that Chancellor of the Exchequer Alistair Darling gave the BOE permission today to buy 50 billion pounds worth of bond and commercial paper in order to alleviate tight credit conditions. Overall, this leaves the odds in favor of year another rate cut by the BOE on February 5, but the reaction of the British pound may depend on what sort of bias is reflected in the Monetary Policy Committee’s subsequent statement.

source: http://www.dailyfx.com/

JPY weaker during Asian session, German IFO and US Consumer confidence to be released

admin — Tue, 27 Jan 2009 16:12:34 +0000

The yen weakened for a second day against the dollar and the euro as the tightness in risk proxies extended on the news from the weekend that the Japanese government is looking to offer public funds to non financial firms. We saw the EUR rallied more than 100 pips from its low. The yen declined to 89.93 against the dollar as of 7:42 a.m. in London from 89.10 late yesterday in New…

USD/JPY: Keeping Its Head Above Water Thanks to BoJ

admin — Fri, 23 Jan 2009 16:53:39 +0000

There is a lot of talk this morning that the Bank of Japan is checking currency rates. The Japanese Yen has continued to rise over the past 24 hours and by checking rates, the central bank is keeping a very close eye on where the Yen is trading. Given that it is 11pm in Japan right now on a Friday, the central bank is either very serious about intervening in the currency market or they want to keep currency traders on their toes. The 87.00 level for USD/JPY could very well be their breaking point. The risk of intervention is limiting the decline in USD/JPY on a day when the sharp drop in Dow futures (-220) should be driving it much lower

Forex Sentiment Forecasts further Japanese Yen and US Dollar Strength (Daily FX via Yahoo! Finance)

admin — Thu, 22 Jan 2009 20:52:21 +0000

EURUSD – Euro Forecast Unclear on Indecisive Forex Positioning USDJPY – US Dollar Predicted to Lose Further Against Japanese Yen GBPUSD – British Pound Outlook Remains Bearish Against US Dollar USDCHF – Forex Sentiment Gives Little US Dollar/Swiss Franc Bias USDCAD – Canadian Dollar Forecast Unclear Against US Dollar