JPY Trading Outlook Archive

USD/JPY: Nikkei recovered sharply clearing the daily kijun line at 14,970 however, the rally wasn’t enough to help USD/JPY pass the current ressitance range of 102.75-85. Kijun at 102.80, a close above it would break the range and reinforce the recovery.

USD/JPY: USD/JPY tested the daily Kijun at 102.80 but was unable to break through as market still sees continuous poor data from U.S even though FED tried to regain confidence on the overall U.S economy. Range trades still in play, need to break 102.80-85 for… Read more

AUD/JPY: AUD/JPY dropped after Chinese PMI from a high of 92.30 to a low of 91.03 and reverse back from strong AUD/USD pull back. 4 Hour pivot at 92.45 with support down to 90.85. USD/JPY: Once again, this pair continued its trading range. With poor… Read more

USD/JPY: USD/JPY continued its range trading of 101.80 -102.80. Data before the FOMC statement did not help the Dollar to make further gains but the relatively hawkish statement from FOMC boosted the pair above 102. 102.80 is yet to be tested, main focus in Asia… Read more

USD/JPY: The bulls gained more confidence after BOJ announcement as loan facilities had been extended by a year and the amount available was doubled but current policy left on hold for now. However, poor economic data from U.S. will keep this pair on a range… Read more

Yen crosses extend further losses as USD/JPY breaking below initial support of 101.70. Next support at 101.30. GBP/USD broke intra day high of 1.6670 on Friday with a close of 1.6745. EUR/USD been trading on a range of 1.3680 – 1.3720.

Commodities Brent crude (BRT) is retracing as global demand wanes and supply considerations are eased. At 107.91 dollar per barrel, Brent has lost more than two dollars over the past week.

AUD/NZD is slowly but surely headed towards 1.1000 where large optionality awaits. The NZD has also regained some important levels against currencies like the GBP. AUD/JPY needs to break above the 200-dma at 94.40 in order to generate fresh bullish momentum and despite yesterday’s reversal,… Read more

Another very busy day on the AUD crosses with AUD/NZD rejecting the 1.1200 level and returning to bear-mode but pairs like AUD/JPY making decent gains. AUD/NZD seems certain to test large optionality at 1.1000 in coming days. AUD/JPY has been trading sideways for some weeks… Read more

The AUD has also stabilised on the crosses over the last few trading sessions and it’s beginning to show some small signs of strength against the NZD and the JPY at least. AUD/JPY has continued to make modest gains but is still stuck in range-trading… Read more