View Full Version : Usd/jpy
04-11-2012, 07:27 PM
The action bias of the pair is downward at the moment. So it is better to sell at this stage.
These are the pivot points to get support and resistance values.
80.67 80.73 80.81 80.87 80.95 81.01 81.09
Sell below 80.87 and consider the next support point as take profit and next resistance point as stop loss.
05-07-2012, 10:59 PM
the japan yen was a defferent case for the USD,The dollars was able to gain ground in euro today with new of the newly elected french president i guess but the case was not the same in japan as the japan yen stood fame to make a 0.06% profit making the latest market at 79.8850.
05-21-2012, 08:52 PM
the again was able to make some good move against the yen during the market today.the market was at 79.09 when i join the market and i was able to online long enough to see the fall of the yen from 79.09 to 79.31 though i wasn't trading on the yen platform but i was able to take a lesson or two.
05-27-2012, 10:23 AM
USD/JPY Weekly Outlook: May 28 - June 1, 2012
USD/JPY turned into consolidation last week and stayed in range above 78.99. Initial bias remains neutral this week and some more sideway trading might be seen. But near term outlook remains bearish with 80.54 resistance intact and another decline is still expected. Below 78.99 will target 75.56/76.02 support zone. Though, break of 80.54 will indicate short term bottoming and bring stronger rebound back to 81.77 resistance.
In the bigger picture, 75.56 should be a medium term bottom on bullish convergence condition in weekly MACD. However, the lack of follow through rally and failure below 85.51 resistance argues that the trend hasn't reversed yet. And USD/JPY could merely be in sideway consolidation. In any case, outlook will remain mildly bearish in medium term as long as 85.51 resistance holds and a new low below 75.56 is in favor.
In the long term picture, with 85.51 resistance intact, there is no scope for trend reversal yet. Though, some more consolidative trading would be seen in medium term above 75.56 first before the long term down trend from 124.13 eventually resumes.
09-20-2012, 11:31 AM
USDJPY: As referenced in our earlier analysis, our bias remains lower medium term. The pair is now under pressure and as long as it continues to hold below its falling trendline (red), this view remains valid. This leaves the risk of a return to the 77.13/00 levels on the cards. Below here will call for more declines towards the 76.49 level and then the 76.00 level. Its daily RSI is bearish and pointing lower supporting this view. On the upside, the pair must break and hold above the 79.64 level and its declining trendline to put on hold its medium term downtrend. This could push the pair further lower towards the 80.59 level where a breach will turn attention to the 81.77 level. All in all, USDJPY remains biased to the downside medium term despite its current recovery attempts.
09-23-2012, 05:26 PM
USD/JPY Weekly Outlook: 24-28 September 2012
Much volatility was seen in USD/JPY last week as the pair first jumped to as high as 79.22 then retreated sharply to close at 78.16. Overall, we'd slightly favoring the bullish case that fall from 84.17 is finished at 77.13 already. Hence, while deeper decline might be seen in near term, downside should be contained well above 77.13 and bring rebound. Above 78.46 minor resistance will flip bias back to the upside for 79.22 first. Break will target 80.61 resistance (50% retracement of 84.17 to 77.13 at 80.65).
In the bigger picture, firstly, there is no sign of trend reversal in USD/JPY yet and the larger down trend from 124.13 is still expected to continue. Nonetheless, consolidation pattern from 75.56 should extend for a while below 85.51 first. In any case, we'd stay bearish as long as 85.51 resistance holds and expect an eventual downside breakout.
In the long term picture, with 85.51 resistance intact, there is no scope for trend reversal yet. Though, some more consolidative trading would be seen in medium term above 75.56 first before the long term down trend from 124.13 eventually resumes to 70 psychological level.
09-30-2012, 04:01 AM
Compare to the volatility of eur/usd the volatility of usd/jpy is not that much .But I'm happy with my trading in usd/jpy so far. I feel that its good to trade averaging strategy in here since the activity in here or the volatility is not high enough for me to get MC right away.
10-24-2012, 01:50 PM
Interesting analysis but what about BOJ constant FX interventions?
12-28-2012, 05:37 AM
USD/JPY is to consolidate with bullish bias after hitting 27-month high of 85.73 Wednesday underpinned by negative JPY sentiment on expectations that Japan's new prime minister Abe and his Cabinet will take aggressive steps to tackle deflation and rein in yen's strength.
12-28-2012, 02:11 PM
USD/JPY is to consolidate with bullish bias after hitting 28-month high of 86.36 this morning underpinned by negative JPY sentiment on expectations for aggressive measures from Japan's new leaders to tackle deflation and rein in the yen's strength.
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