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122.880 -0.185 (-0.15%)
21:54:58 (GMT)
Bid 122.790
Ask 122.960
Open 123.060
High 123.430
Low 122.580
 

Daily Technical Analysis

The USD/JPY pair broke out to the upside during the session initially on Thursday, but turned back around to form a shooting star. Looking at this shooting star it suggests that we are going to drop from here but we...
The USD/JPY pair broke higher during the session on Wednesday, clearing the top of the hammer from Tuesday. Because of this we feel that the market is going to continue to consolidate overall but we also recognize that it is...
The USD/JPY pair went back and forth during the course of the session on Tuesday, ultimately settling nothing. That’s not a big surprise though, because the 122 level has been so supportive in the past. With that being the case...
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Weekly Technical Analysis

The USD/JPY pair rose slightly during the course of the week, showing that there are still buyers below. Because of this, we think that it’s only a matter of time before we break out and above the 125 level which...
A still firmer rally as we had anticipated, with a bounce from the 122.53/43 support area, through 123.61, for  better recovery bias into midweek. We still see an underlying bull tone from the May bull breakout above the 2002 peak at 125.81, to push USDJPY to its highest...
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Daily Fundamental Analysis

Analysis and Recommendation: The USD/JPY eased by 3 points just following small shifts in the market as the greenback dipped a bit from its recent highs. The USDJPY dipped to 123.05. While Greece remained a major talking point, attention returned to...
Analysis and Recommendation: The USD/JPY gained 17 points to trade at 123.34 as the yen eased due to traders backing off of safe haven moves. The Greek situation has kept traders on edge after Greece missed the IMF payment, the bailout...
Analysis and Recommendation: The USD/JPY was virtually flat as the yen gained a bit of momentum from better than Tankan index data. Both the US dollar and the yen were benefactors of safe haven trades over the last days, but it...
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Weekly Fundamental Analysis

Weekly Analysis and Recommendation: The USD/JPY gained at the end...
Weekly Analysis and Recommendation: The USD/JPY dipped 24 points on...
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More USD/JPY Report

 
Outlook and Recommendation The USD/JPY dipped a bit at the end of June as safe haven flows moved to the US dollar as well as the JPY. The end of the month data dump from Japan was positive giving traders something to be happy about. The Bank of...
Will the headlines take a couple day breather from Greece and focus on other events around the world? Recent IMF Director Lagarde made an important point that she needed to return to Washington as there were other pressing matters and countries that needed her attention. Over the...
The USD/JPY posted a potentially bearish closing price reversal top in June. The chart pattern formed after the market traded slightly above the December 2002 top at 125.73. The actual closing price reversal top came in at 125.847. A trade through 121.93 will confirm the chart pattern...