In Asia, Japan will not release any economic data today, but the US will publish some economic data such as Natural Gas Storage, CB Leading Index m/m, Business Inventories m/m, Flash Services PMI, Flash Manufacturing PMI, Unemployment Claims, Philly Fed Manufacturing Index, Retail Sales m/m, and...
USDJPY is approaching our first resistance at 112.12 (horizontal swing high resistance, 76.4% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 111.35 (61.8% Fibonacci retracement ).Stochastic is also...
USD/JPY has been trading upwards. The price tested the level of 112.15 but It got rejected. We are still expecting downside on the USD/JPYAccording to the M30 time-frame, we found that there is the fake breakout and strong reaction from sellers at the 2-day high at the price of 112.07, which is...
USD/JPY Yesterday, the Japanese yen was trading in a small range of 20 points. This morning, data on the trade balance was released and the price rose by 20 points, but it did not find further support from investors and lost all growth. However, the data were not unambiguous - the trade balance in...
USD/JPY has been trading amid higher volatility making correctional moves. The pair is trading at near 112.00 area which prospects for a further decline in the coming days. The US economy is coping well that is proved by economic data, but the inflation rate remains below the 2% target that was...
USD/JPY has been trading sideways at the price of 111.98. Major resistance at the price of 112.14 is holding and buying USD/JPY at this stage looks risky.According to the Daily time-frame, we found that buyers didn't have power to break key resistance at the price of 112.15, which is sign that...
The published minutes of the last RBA meeting fully confirmed our expectations that the bank would not think about raising interest rates in the near future. The content of the published protocol clearly indicates that the regulator sees benefits from lower interest rates than from high ones. The...
In Asia, Japan will release the Tertiary Industry Activity m/m and the US will publish some economic data such as NAHB Housing Market Index, Industrial Production m/m, and Capacity Utilization Rate. So there is a probability the USD/JPY pair will move with low to medium volatility during this day....
As a result of last week, the US dollar fell against the major currencies for the exception of traditional safe-haven currencies, particularly the Japanese yen and the Swiss franc. Coordinated movements of major currencies in tandem with the US dollar are explained by the same investors'...
In Asia, Japan will not release any economic data today, while the US will publish some economic data such as TIC Long-Term Purchases and Empire State Manufacturing Index. So there is a probability the USD/JPY pair will move with low to medium volatility during this day. TODAY'S TECHNICAL LEVELS:...
