USD/JPY Analysis - Page 3
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Thread: USD/JPY Analysis

  1. #1
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    USD/JPY Analysis

    USD / JPY has accelerated the decline in Tokyo afternoon, when approaching the key support at 118.30 / 25, after falling sharply from 119.00. There is an option expiry of 118.50, which will see a strong bid soon reappear considering sales sharply visible. The Nikkei 225 is now down nearly 0.50% ahead of the weekend.


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    USD / JPY is currently trading at 121.12 with the highest and lowest 121.21 120.84. USD / JPY has been offered with a strong yen weakened in stock overnight while the handle 122 proved too much too soon bear protecting barrier and exporters get a good deal, historically, to remove the load requirements of their FX futures. Strong price action to the downside and a buy position is pressed, all the way to the recent under the handle 121. However, major currencies have managed to move up, and once again towards 121.20 resistance - Tokyo support the move.

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  3. #22
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    USD / JPY is still in a phase of consolidation around 121.14 - 121.47. USD / JPY potentially bearish move towards the range of 120.93 - 120.60 if it broke through support at 121.14. Beware if prices continue stuck above 121.14 support because it can open up the possibility of the USD / JPY bullish targeting the resistance 121.47 - 122.01.

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    Yen showed a weaker performance in the Asian session on Friday (13/03) today in the absence of major economic reports. In addition, investors focused on US economic data are diverse and their impact on the Fed's interest rate policy in the future. USD / JPY was trading at 121.34 edged up 0.05 percent.

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  5. #24
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    USD / JPY last at position 121 and without direction, expanding the channel last week in a sideways drift. The major currencies have felt the readiness of the supply whenever the progress made towards and into 122 and in front of 15-year downtrend. Calendar of light in Asia and we will wait for the opening of the US market for Industrial Production and the BoJ monetary policy statement tomorrow. The main event for this week is the FOMC press conference and subsequent Yellen, technically, the key downside support is 120.43 uptrend in front of 20 and 55 day MA at 119.73 and 119.00 in front of the bottom 16 February at 118.11.

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    USD / JPY traded in a simple flat at 121.45, inching closer to session highs at 121.52 level. USD / JPY remains little affected by the attitude of the BOJ 'wait and see', echoing the same from the last meeting that the economy recovered moderately as the trend continues. BoJ expects consumer inflation to zero for now

    yen is expected to be carefully traded against the US dollar and could test the 122 ahead of Wednesday's FOMC decision which is widely expected to be less than dovish, hinted timing Fed rate hike. Meanwhile, traders awaited key economic releases in the US due to a great impact on this pair.

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  7. #26
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    outlook for the USD / JPY, with a vibrant trade this pair in a narrow range of 121.57 to 121.10, waiting for the FOMC policy statement. Greenback spent days excited again within a narrow range of 121.57 -121.10 yesterday as investors braced for action if necessary ahead of the FOMC monetary policy report important today (18: 00GMT). And the press conference Fed Chairman Janet Yellen 30 minutes after that. Estimated to range from 121.10 to 121.50 dollars in the European opening. Currently, bids are recorded at 121.20 to 10 and then 121.00 with a variety of bids and stops appear under 120.80

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  8. #27
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    Currently, trade USD / JPY in a new high-level session at 120.45, recorded an increase of 0.27% today, moving away from a three-week lows at 119.34 reached in the previous session. Strength in the USD / JPY was primarily driven by a major rebound in the greenback against major currencies as the US dollar selloff seems excessive.

    Pair USD / JPY dropped to new lows three weeks in reaction to the FOMC statement was released, which removes the word 'patient'. However, policy makers try to cool down expectations of a rate hike this year, stressing that the path for interest rates are still very much dependent on the data, which pushed yields lower treasure and hence dragging the US dollar across the board.

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  9. #28
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    Movement observed Yen flat and slightly higher on Friday (20/03) today after the Bank of Japan (BOJ) released the minutes of the meeting which was held on March 17 yesterday. The main concern is still the BOJ Policy Board on consumer price trends, Japan's economic problems unresolved. USD / JPY traded flat at 120.81.

    BOJ Governor Haruhiko Kuroda and his colleagues do not feel the need to rush to accelerate the inflation and choose loosen stimulus, although the government concerned, easing stimulus that is too large can weaken the yen to its lowest level and injuring public spending due to rising living costs.

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  10. #29
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    The movement of the USD / JPY looks stuck at 121.02 resistance area. Stochastic and CCI in the 1-hour chart shows a bullish indication. Preference for the day is bullish, with the target to the range 121.43 - 121.68, but to take long positions should wait until the price breaks up 121.02. Be careful if the 120.61 support breaks because it would potentially push the USD / JPY back to the range of 120.15 - 119.95.

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    Along with the correction of USD (post-FOMC), the majority of rebalancing into foreign investment has taken place where this can limit the weakening JPY. The existence of global growth, which although still weak, can make room for JPY to accept the bid as a safe-haven.

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