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123.950 0.06 (0.05%)
22:15:54 (GMT)
Bid 123.920
Ask 123.970
Open 123.930
High 123.990
Low 123.920
 

Daily Technical Analysis

The USD/JPY pair went back and forth during the session on Friday, showing significant volatility. However, we still believe that this market goes higher over the longer term, so pullbacks will be buying opportunities in this market. The 125 level...
The USD/JPY pair initially tried to rally during the course of the day on Thursday, but as you can see struggled and turned back around to form a shooting star. With that being the case, looks like the market is...
The USD/JPY pair broke higher during the course of the day on Wednesday, breaking the top of the shooting star from Tuesday. With this, it appears that the market wants to go higher, but at this point in time we...
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Weekly Technical Analysis

The USD/JPY pair had a slightly positive week, but at the end of the day it looks like we are simply trying to build up enough momentum to break out above the 125 level. If we can get above the...
The USD/JPY pair fell slightly during the course of the week as the 125 level above is somewhat resistive. However, we think it’s only a matter of time before we break out above that level, and therefore we are buyers...
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Daily Fundamental Analysis

Analysis and Recommendation: The USD/JPY dipped 18 points to trade at 123.96 after the release of economics data this morning. Many investors had expected the Fed to raise interest rates as early as September, but Wednesday's statement from the central...
Analysis and Recommendation: The USD/JPY added 19 points as the greenback gained some momentum after the dovish statement from the Federal Reserve, which left open an interest rate increase in September. There was a slew of Japanese lower tier data this...
Analysis and Recommendation: The USD/JPY dipped 19 points to 123.38 as the yen gained momentum after retail sales printed higher than expected and the US dollar dipped ahead of the Fed.  Japan’s retail sales dropped for the third time this...
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Weekly Fundamental Analysis

Weekly Analysis and Recommendations: The USD/JPY finished slightly better last...
Weekly Analysis and Recommendations: The USD/JPY traded higher for a...
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More USD/JPY Report

 
Outlook and Recommendation The USD/JPY closed the month at 123.85 in the middle of the trading range. Signs of a moderate recovery are emerging in the Japanese economy, with real GDP on track to expand by around 1% this year. The economy is supported by net exports that...
A strong finish by U.S. equity markets and talk of a Fed rate hike perhaps in September helped the USD/JPY rebound into the close after a dismal start. This month could be volatile and may feature a two-sided trade. Bullish traders are being driven by the strong...
The US dollar index was trading on a positive note at 97.52 but gave back some gains this morning to reach 97.47 even after the Q2 GDP was reported below expectations, however markets reacted to the improvement overall and helped the US dollar appreciate. The GDP printed...