USD/JPY
Jul 28, 2016 at 21:21
The high degree of uncertainty around JPY indicate active currency fluctuations during yesterday's trading. Rising yen potential looks more limited than reduction perspectives, but all will depend on the decision of the Bank of Japan tomorrow.
Jul 30, 2016 at 12:45
The US dollar was down against the Japanese Yen on Friday. At the closing of trading session EUR USD / JPY has traded at 102.03, shedding 3.08%. I believe that the support is now located at the level of 101.97, the low of Friday's trading, and resistance is likely at level of 106.73 - a maximum of Monday.
Mitglied seit Jul 12, 2016
78 Posts
Aug 03, 2016 at 06:13
As expected, the USDJPY continued its bearish momentum yesterday bottomed at 100.67. The bias remains bearish in nearest term testing 100.00 area. A clear break and daily close below that area could trigger further bearish pressure retesting 98.80 region. Immediate resistance is seen around 101.50. A clear break above that area could lead price to neutral zone in nearest term testing 102.00 but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell .
Aug 03, 2016 at 09:18
The dollar recorded a losing session against the yen on Tuesday. The US currency continued the negative trend from last week and lost further ground against the yen. As a result, the support at 101.37 was pierced, and if bearish sentiment continues in the future, the pair will test the level at 98.36. The session started at a price of 102.38, the dollar lost 150 pips to the end of the session. Bottom of the day was struck at 100.68.
Aug 03, 2016 at 09:34
As expected, the dollar/yen continued its bearish momentum yesterday, bottomed at 100.67. Trading signals remain down to test 100.00. A clear break and daily close below that area could trigger further bearish pressure testing to 98.80. Resistance for the day is 101.50. A clear break above that area could lead price to neutral zone testing 102.00 but overall I still prefer a bearish scenario.
Aug 03, 2016 at 17:22
On the 4-hour chart 50-SMA and the 100-SMA show a bearish crossover, and the price moves sufficiently below them and the downward trend line on the daily chart. Oscillator MACD also moves below both its zero and trigger lines suggest strong bearish momentum of prices for the next few hours. In addition, the RSI is oversold, suggesting recent bearish price sentiment. A successful attempt to pass below 100.70 opens the way to a strong support level at 100.00 and then to barrier 99.00.
forex_trader_29148
Mitglied seit Feb 11, 2011
1916 Posts
Aug 03, 2016 at 22:10
getting an clear idea of where the price will go within the next weeks or so
Mitglied seit Oct 02, 2014
909 Posts
Aug 06, 2016 at 12:59
Bearish on the pair.
Positivity
Mitglied seit Oct 11, 2013
775 Posts
Aug 09, 2016 at 03:29
The USDJPY may have finished with the current pullback and it may go back down to the 100.00 level.
Mitglied seit Oct 11, 2013
775 Posts
Aug 12, 2016 at 00:03
The USDJPY may try to break the 102.00 level and reach the 103.00, but if it drops again, the 100.66 zone may continue acting as support.
Aug 14, 2016 at 08:04
The US dollar was down against the Japanese Yen on Friday. By the end of trading session USD/JPY was traded at 101.27, shedding 0.68%. I believe that the support is now located at the level of 100.85, the low of Friday's trading, and resistance is likely to be at the level of 102.67 - a maximum of Monday.
Mitglied seit Oct 02, 2014
909 Posts
Aug 15, 2016 at 05:09
Bearish on the US dollar.
Positivity
Aug 21, 2016 at 23:20
The US dollar rose against the Japanese Yen on Friday. By the close of trading USD/JPY is traded at 100.21, gaining 0.32%. I believe that support is now at around 99.53, Tuesday's low, and resistance is likely to be at 101.47 - a maximum of Monday.
Aug 21, 2016 at 23:43
The Japanese yen is trading at maximum value against the US dollar since the 20th of June. For the whole week it hasn't resolved the issue of the circular level 100. What is the cause? The main reason I highlight, is coming from the authorities, that if the yen fluctuations become too harsh, the Ministry of Finance will have to take drastic measures, and that the probability of easing of monetary policy in the next month, September, is more than 50%. From my point of view, now it can act as sufficiently important reason to start purchases.
Aug 22, 2016 at 13:19
Dollar/yen continued downward momentum last week, bottomed at 99.53. The pair was traded higher earlier this morning and hit 100.92. The signals are up for testing 101.15/50 in the near future. A clear break above that area could trigger further bullish pressure testing 102.00, but basically I still prefer a bearish scenario. Immediate support is at 100.30, whose breakthrough could lead the price to neutral zone for testing 90.50.
Mitglied seit Oct 11, 2013
775 Posts
Aug 23, 2016 at 05:01
The USDJPY is making lower highs on the daily chart with a good support at the 100.00 level. the pair may try to go lower.
Aug 25, 2016 at 07:53
The yen fell on Thursday during the Asian trading session, after the Corporate Services data showed a larger-than-expected increase, and the market keeps cautious ahead of tomorrow's speech the Fed chairman. USD/JPY was trading at 100.48, gaining 0.03%
