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Currency Pairs Discussions => USD/JPY Discussions => Topic started by: Andrea ForexMart on March 31, 2016, 03:42:19 PM

Title: Daily Market Analysis from ForexMart: USD/JPY
Post by: Andrea ForexMart on March 31, 2016, 03:42:19 PM
Technical Analysis for USD/JPY: March 31, 2016

The Japanese Yen expanded in today’s early trading as Fed chairwoman Janet Yellen’s dovish remarks on Tuesday prompted investors to sell their greenbacks. The currency pair hit a daily low of 112.25.

Yellen’s speech on Tuesday to the Economic Club of New York said that caution must be exercised in hiking interest rates, lessening the possibility of a rate increase during Fed’s upcoming meeting in April. However, Yellen is optimistic on the growth of the US economy.

The dollar experienced a rally in the past weeks due to other Fed officials’ hawkish statements that implied they are eyeing to raise the numbers.

The speculation of a rate increase is now expected in Fed’s next meeting in June.

Yellen’s announcement put the Bank of Japan (BOJ) in a more difficult position, which is battling stagnant deflation amidst strong currency. BOJ’s negative interest rates set in January did very little to help the situation.

Eyes are now on BOJ Governor Haruhiko Kuroda to see what monetary tools he will use to ease the problem. The BOJ may be forced to further lower the interest rates during its policy meeting in April.

The first support was at 111.82 and 111.26 subsequently. The first resistance was at 112.62 and 113.19 subsequently.

The MACD indicator is in a positive location. The price is falling.


Title: Technical Analysis for USD/JPY: April 14, 2016
Post by: Andrea ForexMart on April 14, 2016, 03:40:15 PM
There were two reasons which caused the yen to put under pressure. Firstly, it was because it cannot withstand the development of Nikkei and the last thing is, its fall is an aftermath of the statement of Japanese Ministry which regards to the probable action launching that is intended to restrict the inflation of the national currency.

The first support occurs at 109.00 and at 108.20 subsequently. The first resistance resides at 109.80 and at 110.60 subsequently.

A confirmed and a sturdy sell signal has been found. The price is below the Ichimoku Cloud and it is below the Chikou Span. The Tenkan-sen creates an ascending movement and the Kijun-sen forms a horizontal motion. The descending movement will remain until the price is below the Cloud.

The MACD indicator is in a negative location. The price is retrieving.


Title: Technical Analysis for USD/JPY: April 26, 2016
Post by: Andrea ForexMart on April 26, 2016, 05:43:42 PM
On Monday, the dollar fell contrary to the yen, bidding goodbye to the three weeks of growth. The market was expecting for the Fed and BoJ meeting.

The first support occurs at 110.60 and at 109.60 subsequently. The first resistance lies at 111.40 and at 112.20 subsequently.

A confirmed and a sturdy buy signal has been found. The price is over the Ichimoku Cloud and it is on top of the Chikou Span. The Tenkan-sen displays an ascending motion and the Kijun-sen forms a horizontal movement. The ascending movement will remain until the price is over the Cloud.

The MACD indicator is in a positive location. The price is correcting.


Title: Technical Analysis for USD/JPY: May 3, 2016
Post by: Andrea ForexMart on May 03, 2016, 05:46:17 PM
The Manufacturing PMI of the USA for April heightened to 51.8. Many traders had looked forward for the index to lessen by 51 in opposition to 51.5 recorded in March. Meanwhile, the Manufacturing PMI of Japan surpass our expectations and grew by 48.2 contrary to the report of 48.0.

The first support occurs at 105.80 and at 105.00 subsequently. The first resistance lies at 106.60 and at 107.40 subsequently.

A confirmed and a sturdy sell signal has been found. The price is below the Ichimoku Cloud and it is below the Chikou Span. The Tenkan-sen and the Kijun-sen form a horizontal motion. The descending movement will remain until the price is below the Cloud.

The MACD indicator is in a negative location. The price is correcting.


Title: Technical Analysis for USD/JPY: May 12, 2016
Post by: Andrea ForexMart on May 12, 2016, 05:44:25 PM
The increase of risk appetite caused a positive effect on investor's sentiment. As a funding currency, the yen were pressured by the optimism showed by the leading stock exchanges. However, the US and Japanese government bonds yield differential had been decreasing for many consecutive trading days. The dollar/yen pair decreased by the end of the trades.

The first support occurs at 108.20 and at 107.40 subsequently. The first resistance stands at 109.00 and at 109.80 subsequently.

The price is in the Ichimoku Cloud and it is over the Chikou Span. The Tenkan-sen displays a descending movement and the Kijun-sen forms a horizontal movement. The MACD indicator is in a positive location. The price is consolidating.


Title: Technical Analysis for USD/JPY: May 16, 2016
Post by: Andrea ForexMart on May 16, 2016, 06:32:45 PM
The Service Sector activity in Japan has reduced more than expected last month. Tertiary Industry Index seasonally corrected displayed -0,7% contrary with -0,1% in the recent month. The experts anticipated a decrease to -0,2%.

The first support occurs at 108.20 and at 107.40 subsequently. The first resistance stands at 109.00 and at 109.80 subsequently.

The price is in the Ichimoku Cloud and it is over the Chikou Span. The Tenkan-sen forms a horizontal movement and the Kijun-sen displays an ascending movement.

The MACD indicator is in a positive location. The price is consolidating.


Title: Technical Analysis for USD/JPY: May 27, 2016
Post by: Andrea ForexMart on May 27, 2016, 05:13:10 PM
The yen deprived from growing on Thursday. But as the corporate services price index grew, it heightened precociously. And as presumed, the Corporate Service Price index grew by 0,2% y/y. The USA presented the Durable Goods Orders wherein the data showed 0,4% against the expected 0,3% and Initial Jobless Claims which showed 268,000 against the report 275,000.

The first support occurs at 109.00 and at 108.20 subsequently. The first resistance stands at 109.80 and at 110.60 subsequently.

The price is in the Ichimoku Cloud and it is over the Chinkou Span. The Tenkan-sen and the Kijun-sen form a horizontal movement creating a "Golden Cross".

The MACD indicator is in a neutral location. The price is consolidating.


Title: Technical Analysis for USD/JPY: July 4, 2016
Post by: Andrea ForexMart on July 04, 2016, 07:11:58 PM
The Japanese government believed that the cause of the household spending enfeeblement in May was the continuous breakdown of the consumer prices. This event leads to a further compression to the Bank of Japan which is discontented with the present sinewy of the Japanese yen.

The instrument reduced from a local high. The pair is directed to revert under 102.50. The resistance occurs at 103.50 while the support resides at 102.50.

We should notice that the expansion of the MACD indicator decelerated. It has stayed in the negative location which signifies a sell signal. Meanwhile, the RSI is in a neutral location and doesn't provide any signals. The USD/JPY pair is under the Moving Averages (50,100 and 200) which goes on a descending movement. The pair tested the 50-day movement and slip downwards. The 50-day movement is the nearest resistance for the pair.


Title: Technical Analysis for USD/JPY: July 19, 2016
Post by: Andrea ForexMart on July 19, 2016, 07:02:08 PM
The USD/JPY pair clamped down an impressive pip average of 423 pips after the session closed down last week, the pair’s biggest weekly gain since October 2014. The pair doesn’t seem to be stopping these gains anytime soon, as this week’s opening proved to be favorable for the USD/JPY.

Sentiment has experienced a downgrade and is in its lowest level since January 2016. Meanwhile the SSI also went down at +1.15,  the lowest reading since January 31, 2016, entering short into the USD/JPY.

The USD/JPY set its record of one of the highest pip sell off at 2,000 pips last January 2016. This sudden surge of the USD/JPY and a decrease in SSI readings might be even more favorable for traders if the prices can break newly-forming resistances.


Title: USD/JPY Technical Analysis: July 26, 2016
Post by: Andrea ForexMart on July 26, 2016, 04:57:32 PM
   The USD/JPY pair closed Monday’s session with a  more stable position, after investors chose to wait out Bank of Japan and Fed’s meetings.

   The Yen remained unchanged during Monday’s session, but its bearish views are becoming more favored by the minute. The pair’s resistance came in at 107.00, while its support remained at a standstill at 106.00. MACD experienced a decrease and remained on the positive side, which indicates the weakening state of the buyers’ positions, while the RSI is still on the neutral side.

   The USD/JPY remains above the EMAs of 50, 100, and 200 in the 4-hour chart, with its moving averages all moving upwards. A downward surge may soon start if USD/JPY falls below the 105.30 support level. If buyers maintain their control, the pair may go up to 107.00 and possibly even up to 108.00.


Title: USD/JPY Technical analysis: August 3 2016
Post by: Andrea ForexMart on August 03, 2016, 06:14:40 PM
The Japanese Yen viewed to increased at its 3-week high after the Prime Minister of Japan officially announced about the stimulus package to reinforce the Japan's economy.

The price movements of the pair in the intraday chart seems bearish since USD/JPY go through a downward pressure for the past week. The pair continued to mark down at 100.64 level. The current resistance comes in 101.40 while the level of support can be seen at 100.40

The momentum indicators, RSI and MACD is observed to create sell signals for traders. RSI moved into the oversold condition, at the same time the MACD indicated strength in the seller's position due to its downward movement.

Presented in the 4-hour chart is the price movement of the instrument that are approximately in the downward trendline that tapped out the 50,100 and 200 Day EMAs.

Trader's next potential target exists at 100.40 and speculated a short-term bullish call close to 101.40.


Title: USD/JPY Technical Analysis: August 11 2016
Post by: Andrea ForexMart on August 11, 2016, 05:37:46 PM
Current updates about the increased in the funds rates of U.S Fed for this year seems uncertain for the market since the pair USD/JPY gained a lower position and its trading position swing lowers and reached a downtrend risk with 101.00 level of support.

The resistance level of the pair is positioned at 101.40, the support can be seen at 100.40

The momentum indicator MACD turn over the negative zone whereby identifies the seller's strength, RSI has been settled in the oversold position.

Presented in the 4-hour chart, the USD/JPY is inclined to the 50-EMA but move away again from it though the 50-EMA sustained an overwhelming level of resistance placed in the region of 102.00. The pair intersects in the 50, 100 and 200 moving averages directed towards the lower level of the selected time frame.

Since the pair is highly pressured, the recent price of the pair is expected to expand in the 102.00 economic region where the 50-EMA is spotted. The pair's price may also move back and forth at the level of 100.40.


Title: USD/JPY Technical Analysis: August 12, 2016
Post by: Andrea ForexMart on August 12, 2016, 12:57:29 PM
   The USD/JPY pair weakened further following the release of the Jobless Claims Report, with traders clamoring for a response from the Bank of Japan. Should the weak state of the pair continue, then the BoJ will have to release a statement sooner or later.

Thursday’s session showed a remarkably low volatility in the market which only became active after the release of the US Jobless Claims Report. A positive US labor data strengthened the USD, causing traders to push prices upward. The instrument rallied at 101.40 and broke the level, with the resistance coming in at 102.50 and support levels at 101.40. The MACD is currently at the center level, and a histogram entry at the positive side will mean an increase in buyers’ strength. On the other hand,  sellers will regain its control of the market should the MACD go over the negative side. The RSI indicator is projected to increase after going over the oversold area.

The 50 and 100 EMAs were broken by prices in the 1-hour chart, after which the EMA pairs further increased its strength. The 200-EMA now acts as a barrier for the USD/JPY pair, with the moving averages going down within the said time frame. The USD/JPY will possibly move to test the next bullish target at 102.00, along the area of the 200-day moving average.



Title: USD/JPY Technical Analysis: August 23 2016
Post by: Andrea ForexMart on August 23, 2016, 05:39:52 PM
As the USD/JPY strengthened, the US dollar corresponded in the same manner. Furthermore, the vice chair of FED announced yesterday about the return on investment prior to the end of the year. The pair executed an open close movement which generated a gap during the outset of the day trading with a resistance formed at 100.77 level. The pair signaled a slight interruption to an upward momentum though the gap did not moved back on its basic level which indicated a sharp bullish signal. The pair responded a pullback of 100.32 upon the European session. USD/JPY is anticipated to trade within the range of 99.90-107.78.


Title: USD/JPY Technical Analysis: September 14 2016
Post by: Andrea ForexMart on September 14, 2016, 07:24:06 PM
After the Board of Governors of the Fed released an announcement regarding their speculations to bring around the possible increase in rate for the month of September. The US dollar and Japanese yen confirmed a buy signal on Tuesday. On the other hand, the dollar recovered from the losses it endured on Monday. The buyers also drove the price within the level of 102.50. The financial instrument restored its position on top of the 50, 100 and 200 EMAs as indicated in the 4-hour chart while remained in a neutral status.

Resistance is placed at 102.50, support settled at the level of 101.40. MACD arrived at the negative zone and experienced a steep decline that signaled seller's strength. RSI bounced against the oversold condition.


Title: Technical Analysis for USD/JPY: September 27, 2016
Post by: Andrea ForexMart on September 27, 2016, 04:48:47 PM

   The Japanese yen strengthened in the middle of risk aversion and is remaining to be a safe haven currency after the Bank of Japan’s statement that the central bank is preparing to implement additional regulations which are intended to increase inflation rates did not hinder the growth of the yen’s value.

   The demand for the JPY was supported by the risk-off sentiment, with the price dropping from the present Asian high of 101.00 down to the immediate support level at 100.40 where there is a decreased downward pressure. The 50, 100, and 200 EMAs all declined while the moving averages all went lower in the 4-hour chart. Resistance levels are currently at 101.40 while support levels are at 100.40 points.

   The technical indicators for the currency pair are all on the downward trend. However, MACD levels are sustained at the same range which is indicative of positive sellers data. On the other hand, RSI continues to remain over the expected oversold area. The USD/JPY is generally facing a bearish stance, and a closing value at 100.40 might trigger losses and may bring down the pair to the 100.00 range. The USD/JPY may also experience a slight increase if the support for the pair is sustained.

Title: Technical Analysis for USD/JPY: October 4, 2016
Post by: Andrea ForexMart on October 04, 2016, 03:17:27 PM

   The USD/JPY pair surged to attain its two-week high of 102.27 points as a result of positive risk appetite after easing Deutsche Bank issues and OPEC oil statements increased the possibility of an interest rate hike in December.

   Meanwhile, the Japanese yen is still in the bottom rung of its trading range for the sixth straight session, its longest bottom-trend streak since March. The currency pair bottomed out at the 100.08 range last week after an increase in oil prices market risk-ons, as well as easing in Deutsche Bank concerns.

   Moreover, the Japanese yen is most likely to increase its selling power in the Asian session today after foreign QE talks by the Bank of Japan is seen to be gaining momentum. The currency pair is now dependent at the wider market sentiment. The market will now be focusing on the shares of banking firm Deutsche Bank, which has previously ended Monday’s trading session with marginal losses.

   If the USD/JPY pair manages to break above the 102.65 trading range, then this would expose the pair to the 102.78 range and go beyond an expected hurdle at 103.54 points. However, if the pair would go below its support levels of 102.00, then this could trigger a movement towards 101.57 points, which would then lead to lows at 101.00 points.


Title: USD/JPY Technical Analysis: October 6, 2016
Post by: Andrea ForexMart on October 06, 2016, 05:45:45 PM

   The USD/JPY pair is now trading at the 103.65 range after its value reverted back to the middle of the 103 range. The currency pair went back into the red zone in the middle of the Asian trading session but was still able to go well above the 103 trading handle. The USD/JPY closed down the recent session at 103.45 points, decreasing by -0.07%.

   The currency pair is now collecting its rallies into per-month highs after consecutive US fundamentals all turned out to be on the positive territory, increasing the possibility of an interest rate hike by the Federal Reserve during the latter part of 2016. The release of the US non-farm payrolls data this coming Friday is seen as a determinant as to whether the Federal Reserve will be pushing through with its interest rate hike in December.

   The USD/JPY’s resistance levels are now at the 103.66 range. If the currency pair would be able to break through this particular range, then the pair could go within the 103.89 range and could possibly break through 104.14. However, if the pair further decreases its value, then it could hit immediate support levels at 103.00, 102.68 and even lower at the 102.25 range.
Title: USD/JPY Technical Analysis: October 14, 2016
Post by: Andrea ForexMart on October 14, 2016, 04:15:22 PM

The USD/JPY pair is at steady in an uptrend channel for short-term. Nevertheless, the Yen  strengthened against greenback despite the weak economy of China.

The price increase for a while but it declined again lower than 104.00 level. It is expected to go lower but the tension dwindled when it reached the 103.50 level. The price bounce back and the traders were able to recover some losses. Henceforth, the pair is trying to gain its momentum back to 104.00 level. The Resistance level  is at 104.00 while the Support level is at 103.00 .

In the Moving Averages chart, the prices are at a high level as it continues the Bullish trend. The MACD is within the positive territory but the histogram declined implying the frail command of buyers. The RSI is also moving downward. It is expected for the physiological level to hold at 104.00 level followed by a decline to 103.00 level.


Title: USD/JPY Technical Analysis: October 19, 2016
Post by: Andrea ForexMart on October 19, 2016, 05:16:22 PM

   The USD/JPY pair is currently trading at 103.87 points, increasing by 0.01% during the last trading session after a high of 103.98 and a daily low of 103.80 points. The Asian trading session exhibited an ambiguous trading activity while the market waits for the release of the Chinese GDP data for the third quarter of the year. The USD is currently on the uncertain side while the USD/JPY was able to retain its stance in the positive territory in spite of rallying from the 100 handle in September.

   However, this ambiguity of the pair can be remedied by the oil bulls, since this can be used as a means to measure risk appetite and market demand. So far, oil has been moving on an impressive note recently, with the AUD/JPY pair having a positive bid on its 4-hour chart from the handle of 76-80.

   Although the currency pair is trading on the positive side, analysts are speculating that going above the 104.63 means that this could possibly target the monthly low in May at 105.55 points. Since the pair is currently trading at 103.88 points, then the next resistance point is at the 103.91 range of the 20 EMA, 103.98 range of the 100 SMA and the daily high. Meanwhile, support levels is expected to be at the 103.87 range and could also possibly drop to the 200 SMA of 103.80.

Title: USD/JPY Fundamental Analysis: October 20, 2016
Post by: Andrea ForexMart on October 20, 2016, 06:08:31 PM

   The USD decreased in value in relation to the JPY during Wednesday’s trading session after the drop in US Treasury yields data, as well as speculations from market players that the Federal Reserve might not raise its interest rates before 2016 ends. The USD/JPY pair finished the last trading session at 103.440 points, dropping by -0.40% or 0.417 points.

The market is not expecting any major economic data release from Japan, however, the US housing data decreased by 9% in September, while housing permits increased by 6.3%. The Federal Reserve has also released its Beige Book during the last trading session, which outlines the economic conditions in the US. According to the book, the US economic environment increased by a modest percentage in most regions in the US.

Investors are now awaiting the results of the next US Presidential Debate, while reports from the European Central Bank with regards to their committee decisions on the eurozone’s monetary policy. This can have a significant impact on the market since this will become an indicator on whether traders should expect a risk-on trading session or a risk-off session.


Title: USD/JPY Technical Analysis: October 21, 2016
Post by: Andrea ForexMart on October 21, 2016, 02:22:30 PM

   The USD/JPY pair is currently trading at 104.13 points after increasing by 0.18% during the last session and has recorded a session high of 104.18 and a session low of 103.91 points. The currency pair is already losing its Asian session bid after the USD finally regained some of its lost value. The Bank of Japan’s Sakura Regional Economic Report has expressed possibilities of the yen increasing its pressure and has decreased the economic assessment for the Tokai region.

   Analysts are noting how the USD/JPY pair has remained stable all throughout the yield curve control set by the Bank of Japan, with all major Japanese markets such as JPY yields, Nikkei stock index and the USD/JPY experiencing relatively low volatility during the past trading sessions. The lower range for the USD/JPY pair might also be supported by the simultaneous selling off by Japan-based investors.

   Since the current trading value for the USD/JPY is at 104.13 points, resistance levels are expected to be at 104.18 points and 104.20 points. Meanwhile, support levels are expected to come in at the 104.14 range and 104.12 and could possibly drop further to 103.89.


Title: USD/JPY Fundamental Analysis: October 25, 2016
Post by: Andrea ForexMart on October 25, 2016, 06:21:34 PM


   The USD increased in relation to the JPY amid the impending interest rate hike by the Federal Reserve in December, along with a heightened demand for assets with higher yields. For the last trading session, the USD/JPY pair closed down at 104.175 points after increasing by up to 0.35% or 0.365 points.


   The MarketWatch program of the CME Group reported that market traders are expecting a 70% probability that the Fed will be pushing through with its interest rate hike in December. Positive economic data from the previous session caused a reaction from dollar traders with bullish stances while simultaneously reacting to hawkish comments from the FOMC. St. Louis Federal Reserve President James Bullard also commented on Monday that the market would only need a one-time interest rate hike to sustain the economy.


   The USD/JPY pair further surged during Monday’s session after a significant increase in the US equity markets caused an increase in demand for high-yield assets. However, this has caused the Japanese yen to decrease in value. The market is not expecting any major economic data from Japan in today’s trading session, and the main determinant of the direction of the currency pair will be the US equity market movement. The USD/JPY is expected to receive more stable support from an increased demand for stocks.


Title: USD/JPY Technical Analysis: October 28, 2016
Post by: Andrea ForexMart on October 29, 2016, 10:56:08 AM

   The USD was able to maintain its three-month price advantage against the JPY after a positive US Treasury yields data and growing positive expectations with regards to the Fed rate hike in December. Thursday’s session saw the USD increase further in relation to the Japanese yen, with the USD/JPY bouncing back from its previous losses during the last trading session.

The pricing for the pair remained on the positive territory and was able to reach the 105.00 range during the rest of the trading session. The currency pair was able to go beyond its current moving averages and is currently pointing on  the higher side of its hourly chart. Support levels for the currency pair is at 104.50, while resistance levels are set at 105.00.

   The MACD indicators for the pair is expected to increase, while the RSI indicator for the pair is currently consolidating within its overbought trading range. The USD/JPY pair will have to maintain its value above 104.50 points in order to retain its bullish stance and create more gains for the pair. Meanwhile, if the pair closes down the trading session at 104.50, then the pair is expected to go even lower at 104.00 points.




Title: USD/JPY Fundamental Analysis: November 02, 2016
Post by: Andrea ForexMart on November 04, 2016, 01:34:38 PM

   The JPY inched higher against the USD during Tuesday’s trading session as a result of safety buying from market players. This flight to safety was caused by a sharp sell-off in the US equity market after equities dropped due to investor reactions to the FBI’s probe of Democratic Party presidential candidate Hillary Clinton, as well as the two-day meeting of the Federal Reserve which had a significant impact on the foreign exchange market.


   Profits lagged behind on Tuesday after investors shifted their focus on the upcoming elections, as well as decisions from the Fed, especially since there are concerns from the market that a Trump victory could lead to a Brexit-like situation in the US. The US Final Manufacturing PMI data came out at 53.4 points, going slightly above the expected data of 53.3 points. Meanwhile, the ISM Manufacturing PMI was released at 51.9 points. Construction spending data dropped by up to 0.4%, falling short of traders’ expectations of 0.5%.


   The Bank of Japan voted last Tuesday to maintain its current interest rate as well as its target for its 10-year government bond yields at -0.1% and 0%. The BoJ also cautioned market players that inflation risks and growth risks are currently on the negative territory.
Title: USD/JPY Technical Analysis: November 3, 2016
Post by: Andrea ForexMart on November 04, 2016, 07:31:58 PM


   The USD continues to be subject to downward pressure during Wednesday’s trading session due to uncertainties brought about by the upcoming US Presidential elections next week. The USD/JPY pair was unable to maintain its previous levels of 105.00 after a heavy seller resistance within this particular region, causing the currency pair to lose some of its value. Wednesday’s trading session saw the pair remain in the negative territory as the downward momentum for the currency pair continued. Seller pressure also pushed the USD/JPY further below 104.00 and is now approaching the 103.00 trading range.


   The USD/JPY pair broke through 103.50 and is well on its way to 103.00. The pricing of the currency pair went over the 100-EMA and is testing the 200-EMA for the pair’s 4-hour chart. Meanwhile, moving averages for the USD/JPY is currently on the downward direction. Resistance levels for the pair are expected to be at 103.50, while support levels for the pair are expected to be at 103.00. MACD indicators for the pair declined, showing seller strength. RSI indicators are now a few pips away from the oversold level which signals a possible downward move for the pair.


   If the USD/JPY continues to be subject to downward pressure, then the pair could possible reach its previous low of 102.50. However, there is still a probability that the pair would be able to reach its resistance levels at 103.50-103.80 points.
Title: Technical Analysis for USD/JPY: November 7, 2016
Post by: Andrea ForexMart on November 07, 2016, 06:39:48 PM

   The USD/JPY pair was able to make a small recovery during last Friday’s session after a series of risk-offs which hit the European and American stock market. However, the pair continues to stay in the negative territory and traded within Thursday’s low levels on Friday’s session. The currency pair had a fairly bearish stance after the pair experienced selling pressure above the 103.00 region. Resistance was encountered by USD bulls along the 103.20 trading range where the 200 EMA is also located. The 200 EMA maintained the pressure on the USD/JPY by resisting all possible recovery moves.


   The 50 and 100 EMAs for the currency pair decreased quickly, while the 200 EMA maintained its bearish outlook for the session. Resistance levels for the currency pair is expected to be around the 103.50 range, while support levels are expected to come up at the 103.00 region. The technical indicators for the USD/JPY pair are seen to be slightly bearish, with an increase in the MACD indicator showing a weakness in seller positions. Meanwhile, the RSI indicators for the pair is still consolidating within its undervalued regions.


   The USD/JPY pair is expected to have its resistance levels at 103.50 if the currency pair would be able to consolidate over the 103.00 region. However, the USD/JPY might again experience a decline if the pair closes the session with a lower value than this particular level.
Title: USD/JPY Technical Analysis: November 8, 2016
Post by: Andrea ForexMart on November 11, 2016, 02:53:25 PM


   The Bank of Japan and the Federal Reserve did not release any important economic statements today, and investors from Japan are not expected to make any significant movements until after the US presidential elections. The USD/JPY pair is also expected to further decrease in value due to the most recent movement in oil prices. The USD/JPY pair further widened its gap during Monday’s session, increasing from 103.13 to 103.74 points due to gap traders triggering an increase in the gap value.


   Meanwhile, the pair’s pricing was able to increase by up to 104.50 after the upward momentum for the pair decreased and is expected to be sustained until the end of the New York session. The 4-hour chart for the pair showed the USD going over its current moving averages, with the 50, 100, and 200 EMAs exhibiting an upward direction. Resistance levels for the support is expected to be at 104.50, while support levels are expected to be at 104.00 points.


   MACD levels for the pair exhibited a drop in seller strength due to its increase. RSI indicators are still in the overvalued range but could probably go lower as the trading session progresses. The negative outlook for the USD/JPY could possibly fade if the currency pair goes over 104.00 points, and buyers could be able to increase their profits if it reaches 105.00. Conversely, bears might be able to induce the pricing to go beneath 104.00 points.
Title: USD/JPY Technical Analysis: November 15, 2016
Post by: Andrea ForexMart on November 15, 2016, 06:29:59 PM


   The JPY was subject to selling pressure following a speech from the Bank of Japan’s Haruhiko Kuroda. The Japanese yen was unable to receive substantial support from domestic demand in spite of the positive output for the Japanese GDP for the third quarter. Meanwhile, the USD was subject to increased buying pressure, causing the USD/JPY pair to increase in value. The currency pair’s value continued to trade along the upper range, with the pair testing the 108.00 range, where it remained until the end of the London trading session. The New York session saw the USD/JPY break through its previous level and buyers were able to extend profits beyond the 108.00 region.


   The USD/JPY’s 4-hour chart shows the pair going well beyond its current moving averages, while the pair’s 50, 100, and 200 EMAs showed a significant increase in value. Resistance levels for the USD/JPY is currently at 108.50, while support levels are expected to be at 108.00. The pair’s technical indicators are all situated at the positive region. The USD will have to go beyond 108.00 in order to maintain the pair’s bullish stance and to keep the pair going up to 108.50. Sellers are also expected to make a comeback in the market, with the 106.50 as their primary aim for the USD/JPY.
Title: USD/JPY Technical Analysis: November 21, 2016
Post by: Andrea ForexMart on November 22, 2016, 04:42:27 PM


The U.S. dollar subsided for a while but remained strong demonstrated by U.S. Economy that is still on track towards the target numbers. The higher chances and expectations for the next rate hike this December further boosts the dollar.


Hence, the market trend remains positive as it continued to move up on last week's Friday session. The price stayed at an upward direction within its high ceiling. However, the momentum halted at 111.00 level but still was able to revive its record highs overnight.


The moving averages shows a bullish trend. The Resistance level is found at 111.00 while the support comes at 110.00 level. Other technical indicators depicted a positive outlook for the pair supported by buyers as seen in the the MACD. The RSI indicators is close to overbought area that tells a sign to go higher level soon.


The market has to maintain the current level at 110.00 to sustain is bullish tone. It would be favorable for buyers to further expand their gains if the price breaks at 111.00 level. Therefore, the price could further go up to 112.00 mark. As for seller, it is possible to reverse the trend by exerting the price to move lower towards the 109.00 level.
Title: USD/JPY Technical Analysis: November 22, 2016
Post by: Andrea ForexMart on November 22, 2016, 07:04:57 PM


   The Japanese yen exhibited significant losses during Monday’s session following the release of a negative-leaning Merchandise Trade Balance data. Meanwhile, the USD has been subject to buying interests due to increasing expectations of an eventual Fed rate hike in December.


   Although the USD/JPY pair was unable to increase further and reverted immediately after testing the 111.00 trading range, the currency pair was able to remain in the positive territory during the last trading session. As of now, the pair’s value is still in an upward direction and has somewhat shifted from its previous limit. The pair’s price went slightly higher in the USD/JPY’s 4-hour chart. Resistance levels for the currency pair can be found at 111.00 points, while support levels are expected to be at 110.00 points.


   The MACD indicator for USD/JPY dropped, indicating a decrease in buyer positions. The MACD also exhibited a bearish stance for its hourly chart, while the RSI indicator for the pair was able to remain within its overbought readings. If the USD/JPY pair fails to go beyond 111.00, then this could cause the USD to drop in value and plummet to 110.00 points. If the pair breaches the 110.00 range, then this could lead to further decreases up to 109.00 points.
Title: USD/JPY Technical Analysis: November 23, 2016
Post by: Andrea ForexMart on November 24, 2016, 05:03:44 PM


   The Japanese yen increased in value following the news release regarding the earthquake that hit the country, but quickly retreated after the Bank of Japan released a statement saying that the Japanese economy is still well on its way to improvement. The JPY remained within a tight trading range around multi-month highs during Tuesday’s trading session, with the pricing of the USD/JPY pair staying within the 110.00-110.50 region for the rest of the day. The currency pair was able to trade above its moving averages in its 4-hour chart, with the moving averages sustaining their bullish trend.


   Resistance levels for the USD/JPY pair are expected to be at 112.00 points, while support levels for the pair are expected to come in at the 111.00 trading range. The MACD indicators for the currency pair weakened, indicating a drop in buyer positions. Meanwhile, its RSI indicators remained within the overbought territory. If the USD/JPY pair manages to sustain its bullishness, then the next short-term aim for the pair is located at 112.00 points. If the USD/JPY pair manages  to go beyond this particular level, then the currency pair is expected to extend its gains towards the 113.00 trading range.
Title: USD/JPY Technical Analysis: November 28, 2016
Post by: Andrea ForexMart on November 28, 2016, 06:39:54 PM


   The USD has just clinched its highest trading range for eight straight months against the JPY after the US bond yields continued to surge during the Asian trading session after the US market holiday. The ascending trend for the currency pair continued, with the price of the pair extending beyond its upper limit at 114.00 points before inching lower. The downward direction of the pair caused it to lose momentum at the 113.00 trading range during the start of the London session and remained until the end of the session. The pair’s 1-hour chart encountered its barrier at the 50 EMA, lending a strong support for the currency pair.


   The moving averages for the currency pair maintained its bullish stance within its set timeframe. The pair’s resistance levels are expected to be at 114.00, while its support levels are expected to be at 113.00. The MACD indicators for the currency pair weakened, indicating a decrease in buyer positions. Meanwhile, its RSI indicators have already left the overbought range.


   The USD/JPY is expected to go beyond the upward channel if the pair would be able to go lower than 112.00. In order to diminish the effect of the present upward pressure, sellers will have to induce the pricing of the pair to go lower than 111.00. Or else a move towards 113.00 will cause a positive reaction and could trigger the pair to reach the 114.00 trading region.
Title: USD/JPY Technical Analysis: November 29, 2016
Post by: Andrea ForexMart on November 30, 2016, 11:36:02 AM


   The USD further dropped in relation to the JPY due to ambiguities surrounding oncoming economic events such as the release of the Non-farm Payrolls data and the minutes of the OPEC meeting, prompting a lot of investors to clamp down on their deals. The pricing of the USD/JPY pair sustained its upward direction during Monday’s trading session but remained within its lower levels and made small reversions during the Tokyo session. However, as the European session opened, the currency pair started speeding up its increase and ultimately reverted back to 113.00 just before the start of the New York session.


   The hourly chart of the USD/JPY pair showed that its pricing was able to go beyond the 100 EMA during the middle of the London session and tested the 50 EMA towards the closing of the London session. The currency pair’s 200 and 100 EMAs went up further while the 50 EMA slowly went towards the neutral territory in the same chart. The resistance levels for the USD/JPY is expected to be at 113.00, while its support levels are expected to be at 112.00.


   The MACD indicators for the currency pair inched higher, indicating an added strength in buyer positions. Its RSI indicators also moved upwards. For this week, the USD/JPY is expected to make a comeback, with the first bull target slated to be at 113.00 points. If the pair manages to reach this level, then the pair could possibly extend its gains toward 114.00 points.
Title: USD/JPY Technical Analysis: December 13, 2016
Post by: Andrea ForexMart on December 14, 2016, 02:06:25 PM


   The Japanese yen experienced downward pressure during Monday’s session due to the OPEC production deal as well as the positive market sentiment with regards to the Fed rate hike scheduled this December. Japan had recently released its Machinery Order and turned out to be positive, but even this particular economic data’s effect paled in comparison to the aforementioned events which had a much larger impact on the safe haven currency.


   The price of the USD/JPY pair reverted from 116.00 points and went back to the 115.00 trading range. As seen in the currency pair’s 4-hour chart, the price of the USD/JPY stayed just above its moving averages and continued to inch higher. Resistance levels for the USD/JPY pair is seen to be at 116.00, while support levels are expected to come in at 115.00 points.


   The MACD indicators for the currency pair increased, showing a surge in buyer strength. Meanwhile, its RSI indicators were able to remain within the overvalued regions. The market is now monitoring the pair’s current position at 116.00, and if the USD/JPY manages to break through this region, then the pair could possibly hit the 117.00 trading region.
Title: USD/JPY Fundamental Analysis: December 20, 2016
Post by: Andrea ForexMart on December 20, 2016, 04:41:16 PM

   The Bank of Japan is expected to maintain its previous monetary policies and give more positive economic expectations, thereby cementing speculations that the central bank could possibly induce an interest rate increase instead of a rate cutback. Because of the lack of policy adjustments, USD/JPY traders will now be shifting their focus on BoJ’s Kuroda’s statement regarding the increase in Japanese yields. There are speculations that Kuroda could either talk about economic expectations for 2017 or the risks involved with a sudden surge in bond yields. However, it is more definite that Kuroda will be treading carefully with regards to increasing market expectations of an interest rate hike.

   The Bank of Japan could possibly sustain its present pledge-to-guide short term rates at -0.1% and 10-year Japanese Government bond yields at around 0% in spite of a somewhat positive sentiment for the Japanese economy. However, traders are advised to be careful with regards to holding Japanese bond yields at 0%, since long-term interest rates have now increased due to speculations of a steadier US rate hikes and an inflation surge under the Trump administration. The Bank of Japan is now under pressure due to calls for the central bank to add
up its 10-year yields target.
Title: USD/JPY Technical Analysis: December 21, 2016
Post by: Andrea ForexMart on December 23, 2016, 03:29:03 PM

   The JPY experienced a drop in value following the latest economic news release from Japan, where the Bank of Japan decided to maintain its current monetary policies until such time that inflation rates go beyond 2%. The Japanese economy is also reportedly continuing its recent recovery. The USD/JPY pair rallied during Tuesday’s trading session following this move from the BoJ, and buyers were able to take control of the pair and sent the USD/JPY soaring well beyond its daily highs. The USD went up from 117.00 to 118.00 in the London trading session, and was able to test the 118.00 region prior to the opening of the North American session. The value of the USD/JPY reverted from the 100 EMA in the pair’s hourly chart. Meanwhile, the USD went beyond the 50 EMA while on its way towards the upper region of the chart and veered away from its moving averages. Resistance levels for the currency pair is expected to come in at 118.00 points, while support levels are expected to be at 117.00 points.

   The MACD levels for the currency pair stayed within its previous level, indicating the increase in buyer strength. The RSI indicators for the currency pair went upwards as well. If buyers are able to maintain its control over the USD/JPY pair, then the price of the value could possibly move up further to 119.00 points.
Title: USD/JPY Technical Analysis: January 4, 2017
Post by: Andrea ForexMart on January 05, 2017, 11:31:43 AM

The USD/JPY pair broke its psychological level yesterday but rebounded higher than the turnaround level. A semi exhaustive candle was seen to form that could further push upwards the long-term levels with chances for pullback. The Support level was posited at 115 area with the next target at 120 level. It seems the market could reach this mark anytime soon.
The non-farm payroll data is anticipated to come out which will have a big impact to the pair that could subdue the market.
Title: USD/JPY Technical Analysis: January 16, 2017
Post by: Andrea ForexMart on January 16, 2017, 05:14:05 PM

   The USD has attempted to regain its losses against the Japanese yen during the previous trading session as the market went unaffected by a slew of highly positive economic data from China, namely Exports and Imports data, as well as the Chinese Trade Balance data. During the Tokyo trading session last Friday, the USD was able to regain its upward balance following its recent decline, while buyer strength manifested positive bid stances which caused the pair to exceed 115.00 points prior to the opening of the North American session. But this upward movement eventually lost its momentum which then caused the USD/JPY pair to drop back to lower than 115.00 points. Traders also induced the currency pair to drop further to 114.00 points during the middle of the New York trading session. The USD/JPY pair was able to test the 50 EMA in the hourly chart. Resistance levels for the USD/JPY is situated at 115.00, while support levels are expected to be at 114.00 points.

   For the next trading session, the USD/JPY pair could possibly decrease further in value and could hit 114.00 up to 113.00 points unless buyer strength could help the currency pair to consolidate just above 116.00 points.
Title: USD/JPY Technical Analysis: January 18. 2017
Post by: Andrea ForexMart on January 19, 2017, 04:44:36 PM

   The JPY increased significantly in value against the USD after the majority of investors fled the USD after Donald Trump expressed his concerns that the US dollar might be becoming too strong for the US economy to handle. The US 10-year Treasury Yields plummeted to 2.307% during the early hours of yesterday’s trading session, possibly its lowest intraday levels since November 2016. This has then lended support for the bears of the USD/JPY pair after the currency pair traded at the lower regions of 112.67 points before making a slight recovery.

However, there came a slew of negative US data, such as the New York Empire State Manufacturing Index, which dropped to 6.5% from its previous reading of 9.0%. This reading is indicative of slower business growth in the region for this month. Since the USD/JPY was able to extend over 114.00 points, the currency pair is more than ready to extend sideways. The pair’s 4-hour chart shows that its momentum indicator retains its bearish stance and is still within the negative side of the chart, while RSI indicators for the currency pair are pointing to the downside. The 100 SMA for the USD/JPY pair has also lowered significantly.

   Support levels for the USD/JPY are expected to manifest at the 112.65 points, while resistance levels could possibly appear once the pair hits 113.35 points.
Title: USD/JPY Technical Analysis: January 23, 2017
Post by: Andrea ForexMart on January 24, 2017, 02:02:11 PM

Subsequent to the speech made by Janet Yellen, the US dollar abated. But the greens reversed few of its losses on Friday on the back of the inauguration speech of Donald Trump.
The greenbacks attempted to reach 115.00 barrier amid Asian hours. The bulls pushed the level prior to the onset of the EU trading. The price was unable to maintain its upward impetus and turn back through 115.00 eventually.

The 4-hour chart indicates that the price rebounded to the 50-EMA during the Asian session and it further moved between the 50 and 100-EMAs in the Euro hours. The 100 and 50-EMAs employ a downward trend while 200-EMA was confined in the flat lining. Resistance touched the 116.00 level, support hit 115.00 area.

The MACD histogram arrived in the positive zone and if it hovered on its position, the buyers will strengthened. RSI stayed around the overvalued territory.

The general outlook for the pair remained to be bullish as it rack up through the resistance region 116.00.

The USD/JPY could fail and return to the downside in case the 115.00 handle were unable to support the bullish investors.
Title: USD/JPY Technical Analysis: May 5, 2017
Post by: Andrea ForexMart on May 05, 2017, 05:19:55 PM

The U.S. dollar against the Japanese yen had a high volatility during the Thursday session. The market tried to break higher than the 113 level but failed that makes it much safer to be patient and wait on the sidelines until the jobs data has been released. Moreover, the bullish tone will persist in the long term.

There is a significant support found close to 112.50 level which may be better to move upward although this will be unexpected. The 112 region will be massively supportive but it still might shift when the jobs data results is negative. The labor report is anticipated to give 185,000 jobs for the month of April which the market in now focused on.

It is most likely that this pair will be influenced by the jobs data and if the results are positive, the pair will follow through.if the price breaks higher than the 112 level will be a relevant move while a break at 113 level could further bring the price at 115 level which is the former peak that is in consolidation. More noise in the trend would also impact the trend and make it more difficult to trade during the day. If traders would sway with the ongoing volatility, there is a chance for long term trades. Traders could buy the pair multiple time as it moves towards the 115 handle.

There is not much pressure anymore for the USD/JPY pair as its reach new weekly top during the Thursday session. The uptrend halted at 112.75 which is the psychological level for yesterday and the following morning. Buyers tried to test the 113.00 level prior to the New York opening. The resistance level resides at 113.00 level while the support is found at 112.00 region. The 4-hour charts are showing positive signs. If the bulls were able to break higher than the 113.00 level in the next sessions, the next possible target would be at 113.50 level.
Title: USD/JPY Technical Analysis: May 10, 2017
Post by: Andrea ForexMart on May 10, 2017, 06:25:41 PM

The U.S. dollar against the Japanese yen rallied as it broke at 114 handle. This would most likely move higher towards the 115 level which has been the peak of the last consolidation region and it would not take that long before the market reaches it. It is anticipated for a reversal to occur from now and then which will serve as buying opportunities in the market, most especially that there is a tone of bullishness seen in the trend. Volatility fluctuations is also expected that determines the weakness of the yen.

Price reversals could turn into an opportunity for this pair especially since the Japanese yen performs well in the market. Although, It may not be favorable to go short in this pair. The 113.30 region is being strongly supportive but there is a lesser possibility to go low to this level. It wouldn’t take long for buyers to return.

If the price breaks higher than the 115 level, this could move towards 118 handle. Although, it needs more momentum from the traders to reach this level. Hence, it may not be good to sell this pair for now.
Title: USD/JPY Technical Analysis: May 22, 2017
Post by: Andrea ForexMart on May 22, 2017, 06:51:13 PM

The U.S. dollar against the Japanese yen broke in the upper than stabilize the currency pair during the Friday session. This indicates that the market had adjusted with the minimal risk this weekend which is a positive thing.The trading has been strong which is being monitored by traders and they try to bring the price higher than the 112.50 level. Although, as of the moment, the trend is currently in accumulation. If the market could break higher than the 112.50 level would give a bullish tone in the market and would move the price continue to 114 level. This would even go higher when the Federal reserve decided to bring the interest rates higher and this possibility of raising rates caused selling early this week.

The U.S. jobless claims declined which is one of the major directives of Federal reserve that would most likely impede the interest rate hike. Others would want to be dovish or totally forget about it but it is not plausible to do so as the U.S. has eased monetary for the past years and is not exemplifying expected results. On the other hand, the employment is being tight indicating the strengthening of the economy which would bring the interest rates higher as expected.
Title: USD/JPY Technical Analysis: May 24, 2017
Post by: Andrea ForexMart on May 24, 2017, 07:15:42 PM

The U.S. dollar against the Japanese yen had a calm trading During the Tuesday session. The price rallied higher because massive support found at 111 level. The market tries to push it higher towards the 111.50 region and this could even go higher reaching towards the 112.50 level above which has been a significant psychological region previously.

With the fluctuation in the stock market, traders should monitor the indices especially the S&P 500 because of its high sensitivity to risk appetite. This would hint the next move in the trading market as there is a high correlation between the two. The Japanese yen being a safe haven asset would bring about greater risk appetite when it proceeded with a sell-off. This is a positive indication since a massive bullish candle was formed during the day.

If the price breaks higher than the 112.50 level, the current long-term uptrend will be sustained. This is a strong indicator but the market could attempt more than once to be successful as the market would most likely climb higher.

However, when the price breaks lower than the 112.50 level instead, the massive support will remain as of how it was in the past. The stock market is gaining momentum which could also push the price higher for long-term with a strong correlation with the stocks. Hence, traders should monitor changes not only in forex market but also in the stock market.
Title: USD/JPY Technical Analysis: May 29, 2017
Post by: Andrea ForexMart on May 29, 2017, 05:02:35 PM

The U.S. dollar against the Japanese yen declined during the Friday session. It reached the lowest level of 110.80. If it bounced back, this will signal a bullish trend but this would not be easy to attain as there is high-risk appetite especially for this pair. The 110 level gives off a massive support but is the pair breaks lower, the next level would be at  108 region at a quicker pace because there is a still remaining gap that has not been filled.

In  the long-term, this pair will most likely go higher although it may take some time since the 112.50 is strongly resistive. A break higher than this region would be beneficial for scalpers to take advantage of bulls interested in the U.S. dollar.

Traders of this pair should monitor the S&P 500 index as this would have a big influence to the pair. If the index rises, this pair follows. Moreover, the chances for a Fed rate hike puts a bullish pressure for the pair. If it did not take place, it might be a problem for the pair although it is most likely that this would happen with its stature at stake.

Pullbacks every now and then offer long-term opportunities but for short-term, this gives off bearish volatility/ This could persist for some time especially with the major events concerning geopolitical problems occurring from Europe and the U.S.

Overall, the pair moves in an uptrend from 110.23 level and a decline from 112.13 will indicate a correction. It is expected to rise again following the correction towards the 113.50 level. The near-term resistance is found at 111.70 and a break to this level would mean a continuation of the uptrend. On the other hand, the support region is positioned at 110.80 and 110.23 and a break from these levels would push the price back again from 114.36 level.
Title: USD/JPY Technical Analysis: July 24, 2017
Post by: Andrea ForexMart on July 24, 2017, 06:16:52 PM

The U.S. dollar against the Japanese yen descended during the Friday session as it gaps lower than the 111.50 level. Hence, the market declined directed to the 111 region which is a significant psychological level for this pair. Yet, the main support should be found near the 110 handle and a rally from this would open selling opportunities in the market. The 110 region is massively supportive but a retest is still needed. It seems that the market is risk sensitive but the Federal Reserve announcement still has a big impact on the pair.

Traders are beginning to presume that the Fed Reserve will slowly raise its rates where Janet Yellen has said recently saying that the data will be relative to rate hikes. This could reverse the market trend completely.

The 110 region is an area could become relevantly supportive. A bullish pressure is anticipated in that area which will be additionally supported by statements from major players such as the Federal Reserve. It is probable for the market to become bearish in the succeeding trading session but there will also be a downward pressure that restricts the trade movement. If the trend breaks lower than the 109 level then the market could collapse.
Title: USD/JPY Technical Analysis: July 24, 2017
Post by: Andrea ForexMart on July 24, 2017, 06:17:47 PM

The U.S. dollar against the Japanese yen descended during the Friday session as it gaps lower than the 111.50 level. Hence, the market declined directed to the 111 region which is a significant psychological level for this pair. Yet, the main support should be found near the 110 handle and a rally from this would open selling opportunities in the market. The 110 region is massively supportive but a retest is still needed. It seems that the market is risk sensitive but the Federal Reserve announcement still has a big impact on the pair.

Traders are beginning to presume that the Fed Reserve will slowly raise its rates where Janet Yellen has said recently saying that the data will be relative to rate hikes. This could reverse the market trend completely.

The 110 region is an area could become relevantly supportive. A bullish pressure is anticipated in that area which will be additionally supported by statements from major players such as the Federal Reserve. It is probable for the market to become bearish in the succeeding trading session but there will also be a downward pressure that restricts the trade movement. If the trend breaks lower than the 109 level then the market could collapse.
Title: Re: Daily Market Analysis from ForexMart: USD/JPY
Post by: Andrea ForexMart on September 08, 2017, 03:12:53 PM
USD/JPY Technical Analysis: September 8, 2017

The US dollar weakened versus the safe-haven Japanese Yen amid Thursday’s session and tested the 108.50 handle. This level appeared to be an interesting area because it is the bottom of the longer-term consolidation. A close under this region of the daily candle will push the market downwards through the next major support hurdle, which is the level of 105 below.

Otherwise, when the market rebounded from that point, then it is possible to return to the 109.50 mark. It will take some time for the market to declare their targets and we are currently at a very significant region on the longer-term charts.
Title: Re: Daily Market Analysis from ForexMart: USD/JPY
Post by: Andrea ForexMart on September 11, 2017, 02:48:11 PM
USD/JPY Technical Analysis: September 11, 2017

The U.S. dollar against the Japanese yen had a significant breakdown during the Friday session. Nevertheless, the market proceeds to move downward and a breakdown lower than 108.0 level gives a negative outlook. Hence, this could lead to a further decline and even lower than the 105 level. This gives a very pessimistic outlook and the concept of the Federal Reserve in not raising its interest rates for short-term would persist to have an effect on the market. It is next to monitor the equities which would also influence the next movement of the pair.
Title: Re: Daily Market Analysis from ForexMart: USD/JPY
Post by: Andrea ForexMart on September 14, 2017, 03:53:13 PM
USD/JPY Technical Analysis: September 14, 2017

The U.S. dollar versus the Japanese yen rallied to the upper channel during the Wednesday session and there is an unabating buying pressure. The discussion on tax reform from the United States further worsens the situation since it came out earlier than expected. On the other hand, this is favorable for the greenback. This makes more U.S. companies more aggressive and in all likelihood boost the U.S. economy. On this condition, it is presumed that buyers will enter the market and attain the level of 111. If the market successfully breaks out, there is a potential for the price to move much higher. 
Title: Re: Daily Market Analysis from ForexMart: USD/JPY
Post by: Andrea ForexMart on September 25, 2017, 02:27:48 PM
USD/JPY Technical Analysis: September 25, 2017

The U.S. dollar against the Japanese yen declined during the Friday session as the market looks for support close to the 112 level. Hence, the market will be more appealing to buyers because of the Federal Reserve plans to reduce their balance sheet. This market is sensitive to the “risk on” factor added to the overall interest rate outlook for both central banks.

The Federal is way earlier than the Bank of Japan regarding the rise in interest rates that makes it highly probable to move to the upper channel. It may be not wise to short this pair for now. However, there are buying opportunities in pullbacks. On the weekly chart, there is a consolidation seen in the 108 level below and 114.50 level above for long term. The next target level will be 114.50 while a decline would offer value to the market. There might be some noise every now and then because of “risks off” incidents worldwide in consideration of the upsurge in the stock market.

Incremental increase and opening bigger positions are the best means of trading this pair in the background of an upward rally. If the market breaks over the 115 handle, it will lead to a “buy-and-hold” situation although this may take some time to happen. For now, buyers will predominate this pair for short-term to take advantage of the current situation.
Title: Re: Daily Market Analysis from ForexMart: USD/JPY
Post by: Andrea ForexMart on October 04, 2017, 03:40:53 PM
USD/JPY Technical Analysis: October 4, 2017

The U.S. dollar against the Japanese yen surged but then it declined towards the level of 113.25. It declined to the area of 112.75 with a bit of support. Hence, the market will attempt to rally from this level and resume the general uptrend recently. After some time, the price will further move up due to the risk of appetite from traders. Moreover, there is a possibility for the Federal Reserve to increase its rates or at least the be stricter with the monetary policy. Therefore, the market will move towards the 113.25 level then towards 114.50 and higher. The market will test the peak of the whole consolidation which sways to and fro. If the market successfully breaks higher than the 115 handle, the market would move much higher which is presumably towards 118 level.

If the price pullbacks from the said level, there would be more opportunities present to resume the value. It seems that the 112 will be largely supportive and the floor of consolidation will be seen at the level of 108. A pullback would open buying opportunities considering the support below. Eventually, both sellers and buyers will gain profits with the presence of volatility in the market if given sufficient time.

Notably, the market is influenced by the general stock market which is another indicator that must be monitored besides the S&P 500 and the DAX etc. Nevertheless, the stock market will climb higher as it is in a good condition. 
Title: Re: Daily Market Analysis from ForexMart: USD/JPY
Post by: Andrea ForexMart on October 09, 2017, 04:34:49 PM
USD/JPY Technical Analysis: October 9, 2017

The U.S. dollar rallied to the upside in the course of the Friday session which came out following the mixed report of the jobs data. Although most traders will pay no attention to the jobs data in the aftermath of the two hurricanes. The 10-year interest rates in the U.S. also surged which further drove the market higher. There is a possibility got the USD/JPY major pair follow suit as there are no returns committed in the 10-year notes. Consequently, it seems that the market proceeds directed upward reaching the peak of the consolidation which is at the level of 114.50 up to the 115 handle. Overall, there will most likely be a breakout lower than 115 handle and the market should carry on with its uptrend at higher levels and result in a “buy-and-hold” trend.

There will be more buying positions when the trades decline and there is a chance for a pullback to occur and take profit of the outburst during the Friday session. The trend could possibly break to the upper channel and attain the level towards 120 handle which is a relevant target being a big round number. Volatility will still persist in the market yet there is a high chance for buyers to dominate since the comeback of the U.S. dollar against the Japanese yen. There will be less worry regarding the uptrend unless it breaks below 112.00 level. Nevertheless, there will be plenty of support found below. For the long term, buyers will have a trend in the market as the interest rates for 10-year notes from the U.S. will ascend in value which would remain to put pressure to progress upward in the market. At the same time, the stock market will advance which will also associate the pair. 
Title: Re: Daily Market Analysis from ForexMart: USD/JPY
Post by: Andrea ForexMart on October 12, 2017, 05:13:24 PM
USD/JPY Technical Analysis: October 12, 2017

The U.S. dollar declined at the outset of Wednesday’s trading session, however, the bucks were able to find support on top the 112 handle to conduct a reversal, showing active existence.
The American dollar must keep on finding lots of support at 112 level because every pull back will provide plenty of support from that region. It is better when it offered some “floor” but a break down underneath there would offer a massive support below the 111 mark. With this, buyers will return to the market in a short period of time except when the Federal Reserve rejected the proposed interest rate hike.

The issue about rate hike has been the talk of the town for some time and maybe it’s time for the Fed to have at least some hints about their position regarding this matter, as the market really needs to see some progress or else they might lose their credibility. Many are intrigued on how many times the Fed will increase its rates which most participants would search within the Meeting Minutes. Hence, it will take some time to get a clear answer but this idea was already established within the marketplace and probably there is no any reason to conduct such rally.
The Bank of Japan remains to be soft which makes it reasonable to enter the 114.50 region. This level is the top of the longer-term consolidation. It appears that market imposes a “buy only” mode.