JPY Trading Outlook Archive

Australia The S&P/ASX 200 index fell 0.44% or 23.747pts to 5405.05 (day range: 5422.6 – 5373.6) on Friday. The index is below its 20d MA (@ 5469) and below its 50d MA (@ 5461). 34% of the index constituents are above their 20D MA (vs… Read more

Australia The S&P/ASX 200 index decreased 0.46% or 25.196pts to 5428.8 (day range: 5452 – 5423) on Thursday. The index is below its 20d MA (@ 5474) and below its 50d MA (@ 5460). 38% of the index constituents are above their 20D MA (vs… Read more

AUD/USD opened in Asia at 0.9352 and remained better bid between 0.9342-64. After a lackluster o/n session, it drifted lower early before bouncing on some fresh buys at the lows. Another strong CNY fix helped. Another back of Aussie data was met by yawns but… Read more

Market Comment Australia The S&P/ASX 200 index declined 0.7% or 38.779pts to 5479.68 (day range: 5526 – 5478.5) on Tuesday. The index is below its 20d MA (@ 5480) and above its 50d MA (@ 5449). 50% of the index constituents are above their 20D… Read more

AUD/USD The pair was unable to recover from the post-Oz building’s data slide. Europe tried to break 0.9240 early in their session but were unable to. A bounce had AUD/USD near 0.9260 as NY got going. Firm US yields kept the USD bid and bears… Read more

Market Comment Australia The S&P/ASX 200 index dropped 0.49% or 26.927pts to 5492.55 (day range: 5525.1 – 5492.5) on Friday. The index is above its 20d MA (@ 5477) and above its 50d MA (@ 5442). 56% of the index constituents are above their 20D… Read more

Foreign Exchange US Dollar was firm against most of its major counterparts on Tuesday. On the US economic data front, durables good orders rose 0.8% MoM (-0.7% expected) in April after an upwardly revised 3.6% gain the previous month. FHFA House Price index increased 0.7%… Read more

USD/JPY Recovery from Wed’s 100.81 low peaked 102.03 Friday and posted 102.05 highs in Asia today. Setbacks have been limited however and lead many to position for another push higher targeting mid 102’s. However, resistance is strong with decent exporter offers through 102.20, daily highs… Read more

USD/JPY The rebound begun midweek, after this year’s 101.76 lows couldn’t be broken below, endured on Friday, marginally piercing the export and range-fading spec offers at 102 by the NY afternoon. An early bond mkt close here has sapped the already sleepy Friday afternoon session’s… Read more

USD/JPY The downtrend from the May 2 peak was breached by today’s USD/JPY advance, as the blowback from yesterday’s failed attempt to remove this year’s lows by 100.76 continued. The yen is correcting a generally overbought condition on the dailies, while overbought US Tsys come… Read more