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118.850 -0.26 (-0.22%)
15:12:24 (GMT)
Bid 118.840
Ask 118.860
Open 119.100
High 119.210
Low 118.770
 

Daily Technical Analysis

The USD/JPY pair tried to rally during the course of the day on Monday, but got turned back around near the 119.50 region. Because of this, the market ended up forming a massive shooting star, which of course is very...
The USD/JPY pair fell hard during the course of the session on Friday, as the pair continues to bang around and consolidate. Just below at the 118.50 level we see quite a bit of support, so we think that that...
The USD/JPY pair initially rallied during the course of the session on Thursday, and then turned around to fall. By doing so, it looks like we should find some type of value below, and a supportive candle would be used...
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Weekly Technical Analysis

The USD/JPY pair initially tried to rally during the course of the week, but found the area above just a bit too resistive. As a result we ended up forming a shooting star which of course is a fairly bearish...
The USD/JPY pair fell during most of the week, but it still remains well within the consolidation previously. Because of this, it appears that the market should continue to be well supported below, but may simply bounce around in the...
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Daily Fundamental Analysis

Analysis and Recommendation: The USD/JPY added 4 points to trade at 119.09 after two rating agencies reduced Japans credit rating urging Prime Minister Abe to take more positive action to stimulate the economy. A significant drop in retail sales this morning...
Analysis and Recommendation: The USD/JPY dipped 5 points in a quiet morning session with little data or new headlines as traders prepare for a new month and the upcoming Bank of Japan meeting. Analysts are expecting to see further stimulus from...
Analysis and Recommendation: The USD/JPY dipped 5 points as traders moved to safe havens this morning ahead of the Eurogroup meeting. The pair is trading at 119.54. Japanese investor’s JPY selling may limit the downside of USDJPY. Moreover, lingering market expectation...
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Weekly Fundamental Analysis

Weekly Analysis and Recommendation: The USD/JPY fell 60 points on...
Weekly Analysis and Recommendation: The USD/JPY dipped this week to...
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More USD/JPY Report

 
Tuesday promised to be a more eventful day than yesterday. Monday’s economics calendar was virtually empty as traders focused on the upcoming FOMC meeting with only a decision and statement due tomorrow. Although the Greeks continued to keep the news services busy.  Greek Prime Minister Tsipras reshuffled...
This week’s data will be once again focused on central bank meetings with the Bank of Japan, The US Federal Reserve and the Bank of New Zealand all set to meet. The Bank of Japan is expected to hold off on expanding monetary policy stimulus at its...
On Friday morning Asian markets are trading slightly on the lower side on account of weakness seen in the US Dollar Index after the release of lackluster U.S. economic data. However, a fresh record was set for Nasdaq Composite thereby closing at an all-time high which benefitted...