USD/JPY’s Decline Finds Support at 96.20

The 130 pips rejection movement from 97.30 has found support at 96.20 level. The pair has begun to rise slightly to levels above 96.40. Currently, the pair is trading around 96.35/45, 1.30% below today’s opening price. Valeria Bednarik, FXstreet.com collaborator, comments that the Yen is winning on risk aversion: “Wall Street is following the previous [...]

USD/JPY Sags as Investors Flee to the Dollar

The USD/JPY is selling off from our 3rd tier downtrend line after the currency pair failed to climb past previous June highs. Encouragingly, the pullback comes on declining volume while lacking the conviction to the downside like that of the EUR/USD. We are not surprised by the USD/JPY’s current weakness,… Read more….

USD/JPY: Dollar Drops Below 98.00

After rejection from the 98.55 resistance level, the Dollar has dropped all the way to 97.90, breaking through intra-day support at 98.00/10. According to Peter Rosentreich, technical analyst at ACM – Advanced Currency Markets- we might see the Dollar dropping to 97.10: “Risk aversion creeps back into markets as the dollar gains across the board [...]

Technical Analysis Daily: USD/JPY

Dollar/Yen ascended on Friday. On the 1 hour chart the triangle formed was penetrated upwards, assuming future bullish movement continuation. Good resistance is represented by the 98.70 level. Break above this level may trigger further bullish momentum towards next objective 99.80. Immediate support is seen in 97.90. The CCI indicator… Read more….

USD/JPY in a Range 98.30 and 98.15

USD/JPY has been stable during the American session, moving inside a lateral channel. The range has a support at 98.15 and resistance at 98.30. So far today the pair is up 0.55% for the day. USD/JPY moved all week inside a bigger range between 97.02 and 98.90. Read more…

USD/JPY Blocked by our 3rd Tier Downtrend Line

The USD/JPY continues to hit a brick wall at our 3rd tier downtrend line, revealing the significance of the obstacle. Investors were ambivalent about a better than expected Final GDP from Japan, and the USD/JPY is creeping back into its downtrend as U.S. equities rise. Hence, we are witnessing the… Read more….

Technical Analysis Daily: USD/JPY

Dollar/Yen showed an increasing momentum yesterday. The currency couple made a top at 98.43 and closed the day lower at 98.10. This indicates consolidation and unclear direction in the short term, till the pair is moving in a triangle on the 4 hour chart. The nearest resistance is 98.60. Break… Read more….

USD/JPY Finds Resistance at 98.40 and Falls to 98.15

The U.S. Dollar is rising across the board today, including the yen. USD/JPY reached an intra-day high at 98.41, which is 135 pips above the lowest of the day at 97.07. After bottoming, the Dollar got stronger and started to rise. Read more…

Forex: USD/JPY: Dollar drops to levels around 98.00 (The Forex Market)

FXstreet.com (Barcelona) – USD/JPY has declined slightly during Tuesday’s Asian session, and the pair has broken below the 98.20 support level to reach levels around 98.00 at the time of writing.

USD/JPY Pops Up to our 3rd Tier Downtrend Line

We got nice movement to the upside from the USD/JPY on Friday after the currency pair got above our 2nd tier downtrend line. However, the bull-run has hit a wall at our 3rd tier downtrend line as investors hesitate below May highs. We’re finally seeing some volatility from the USD/JPY… Read more….

USD/JPY Tightly Range Bound

The USD/JPY is currently trading within a very tight trading range. The pair has taken a momentary pause from its recent rally and is currently trading between the 98.7 and 98.25 price levels. This is a very tightly bound range, especially for this particular pair, indicating a strong level of… Read more….

USD/JPY Current price: 98.50 (The Forex Market)

FXstreet.com (Buenos Aires) – USD/JPY Current price: 98.50. Not much change since last update, pair remains sideways between 98.20/98.90, and pair needs to break either to define a trend after this consolidation stage.

Technical Analysis Daily: USD/JPY

Dollar/Yen made a significant climb on Friday with over 200 pips. The currency couple broke the 98.00 key resistance level, reached peak of 98.87, and closing the week at 98.63. Signals remain rising for now, with with targets towards 99.40, followed by 100.55. However, the CCI indicator is in the… Read more….

USD/JPY Buy Recommendation Issued @97.60 (Daily FX)

Usd/Jpy: What a difference a day makes. We had established a short trade on Friday with the market so heavily overbought intraday and testing some shorter-term trend-line resistance off of the 101.45 2009 highs.

Forex: USD/JPY rallies to 98.80 (The Forex Market)

FXstreet.com (Córdoba) – Dollar keeps rising against the Yen. USD/JPY recently broke above 98.50 and went to 98.81 hitting the highest price since May 11th. So far today the pair has risen 2.15% from the opening price.

Forex: USD/JPY rises above 98.00 after rebounding from 97.45 (The Forex Market)

FXstreet.com (Barcelona) – After falling around 75 pips from 98.20 to find support at 97.45, USD/JPY has begun to rise to levels above 98.00 field and it has reached the 98.30, fresh 3-week high. Currently the pair is trading around 98.00/10, 1.50% above today’s opening price.

USD/JPY Perks Up as the Dollar Appreciates Across the Board

The USD/JPY continues its gradual ascent as it gives what it can to the broad appreciation of the Dollar taking place. Meanwhile, our 2nd tier uptrend line and 1st tier downtrend line are reaching an inflection point today. However, we feel the inflection point with our 2nd tier downtrend line… Read more….

Forex: USD/JPY breaks resistance at 96.55 rises to 96.72 (The Forex Market)

FXstreet.com (Córdoba) – The dollar is rising so far today against the Yen. USD/JPY extended gains during the American session. The pair is now up 0.78% from today opening price after breaking above resistance zone at 96.55.

USD/JPY Consolidates With High Volatility Between our 2nd Tier Trend Lines

The USD/JPY is exhibiting some interesting consolidative volatility while bouncing between our 2nd tier uptrend and downtrend lines. It seems this pattern could continue until these two trend lines reach an inflection point, which may not be until Friday’s trading session. Meanwhile, the GBP/USD, and EUR/USD are encountering some technical… Read more….

Forex: USD/JPY finds support at 95.75 and rises above 96.00 (The Forex Market)

Fxstreet.com (Barcelona) – After rebounding at 95.75 (coming from its 65 pips decline from 96.40 resistance) the USD/JPY has begun to rise to be above the 96.00 level and tests 96.10 level. Currently the pair is trading around 96.00/10, 0.60% above today’s opening price.

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