JPY Trading Outlook Archive

USD/JPY: The pair fell below the thin daily cloud that it finally closed above on Monday. Nikkei failed to make further gains and data from U.S was lower than forecast. Tenkan and 50% Fibo by 102.50 are next USD/JPY props.

USD/JPY: Early sell off was seen is Asia but prices are eyeing a close above the cloud top at 103.10. Daily Tenkan & Kijun are bullish, the former by 102.48 and 50% of the 101.20- 103.77 rally. Japanese importers holding strongly by the Kijun at… Read more

USD/JPY: Strong data showed that employment increased, not effected by the bad weather. The pair rallied immediately to a high of 103.75 but hit the resistance and also as tensions in Crimea increased again, the pair came back down to just above 103 area. Market… Read more

USD/JPY: The pair managed to hold above 102 after weak ADP and ISM PMI data ahead of NFP report. Cloud resistance at 102.50 was tested earlier this morning, but soft US data and further worrisome in Ukraine pulled USD/JPY back to 102.25-35 area. More demand… Read more

USD/JPY: Due to Putin’s statement, the pair rallied above 102, retook the Tenkan & Kijun at 102.01/102.10 but is now stalling at Friday’s high of 102.30, below the cloud base at 102.50. Market awaits for Nikkei opens in early Asia and will try to position… Read more

USD/JPY: Tensions from Ukraine made investors moved to the safe heaven, the Japanese Yen. However, losses was limited from this pair as enormous bids ahead of 101, which is the weekly Kijun line support. Real money sold at NY morning bounce to 101.55, but ran… Read more

USD/JPY: Correlation between the Nikkei and S&P broke down. Bulls failed to push higher even though S&P blasted into new record territory on the back of beats in Chicago PMI and Consumer confidence from last week. The pair gapped lower as investors moves to safe… Read more

EUR/JPY: Yen appreciated in London session caused by Ukraine woes. EUR/JPY was the starting yen crosses that led the sell stop runs after capped by 140.25. When 139.66 (Wednesday low) gave away, the downtrend accelerated and broke below the cloud base, Kijun and 38.2% of… Read more

USD/JPY: Range trading still in play, the pair initially traded lower due to the headlines from ukraine and Russia, but steady bids and support from Nikkei futures helped the pair to stay above 102.

USD/JPY: Weak US stock market opening and soft data got the pair in a sell off mode into the NY options cut. The daily cloud base at 102.19 and the Tenkan 102.09. Market was still unable to break out of either top or bottom range,… Read more