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117.790 -0.46 (-0.39%)
22:01:52 (GMT)
Bid 117.760
Ask 117.810
Open 116.910
High 117.760
Low 117.740
 

Daily Technical Analysis

The USD/JPY pair went back and forth during the course of the session on Friday, essentially doing nothing. However, the market has broken out recently and therefore we feel that the market should be bought every time it pulls back...
The USD/JPY pair initially tried to rally during the course of the day on Thursday, but turned back around to form a shooting star. The shooting star suggests to us that the market is going to pull back, and quite...
The USD/JPY pair broke higher during the course of the day here on Wednesday, as we tested the 118 handle. Because of this, it looks like the USD/JPY pair is ready to continue going higher over the longer term, and...
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Weekly Technical Analysis

The USD/JPY pair rose during the course of the week, testing the 118 handle. That being the case, we feel the market is ready to go higher and that pullbacks will continue to be buying opportunities. The market should head...
The USD/JPY pair broke above the 115 level during the week, and now looks poised to go much higher. We believe that this market will eventually go to the 120 level, and that pullbacks should continue to be buying opportunities...
More USD/JPY Weekly Technical Analysis

Daily Fundamental Analysis

Analysis and Recommendation: The USD/JPY eased 48 points to trade at 117.70 easing off its record highs on Thursday. Japan’s yen rose for the first time in seven days as Finance Minister Taro Aso said its decline has been too fast...
Analysis and Recommendation: The USD/JPY surged to new highs trading at 118.59 gaining 66 points after the release of the trade balance figures along with a lackluster Chinese manufacturing PMI report. Factory output declined for the first time in half a...
Analysis and Recommendation: The USD/JPY soared after the Bank of Japan votes to continue monetary stimulus. The pair climbed to a record high of 117.31. The yen has been falling all week after the release of GDP numbers on Monday showing...
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Weekly Fundamental Analysis

Weekly Analysis and Recommendation: The USD/JPY eased on Friday at...
Weekly Analysis and Recommendation: The USD/JPY added 51 points on...
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More USD/JPY Report

 
Although US data continued on a strong note on Thursday the US dollar traded lower by 0.1%. Upbeat market sentiments which led to decline in demand for the low yielding currency capped sharp upside in the DX. The currency touched an intra-day high of 88.01 and closed...
Late on Wednesday traders were glued to the news headlines waiting for the release of the US Federal Reserve minutes from the late October meeting. The Feds closed out the monetary stimulus program at that meeting as expected. The statement and decision were rather hawkish at that...
A high level consolidation Tuesday, just below the Monday new recovery high. The Monday push through 117.00 reinforced the rebound from support at 114.89 last week (ahead of a firm foundation at 113.85). In addition, the Monday dip held above the 115.31 prop to maintain upside pressures...