- Wed, 18 May 2016 09:11:01 GMT
USD/JPY on the edge of breaking the pattern
The portion of sell orders edged up from 51 to 61% Three quarters of all open positions are long The down-trend at 109.13 represents immediate resistance Support is around 108.55 53% of the survey participants expect the US Dollar to cost more than 114 yen in three months Upcoming events: US Crude Oil Inventories, FOMC Meeting Minutes, US Philly Fed Manufacturing Index, US Jobless
- Tue, 17 May 2016 12:16:05 GMT
Community Forecasts for May 16 - 20: USD/JPY 1W Chart
[ANNOUNCE]Despite all risks to the economy, the Japanese Yen has been one of the main gainers this year so far. [/ANNOUNCE]However, for the previous week, Yen's gains were limited and the pair continued to strengthen after Japan's finance minister Taro Aso said in parliament on Monday that the Japanese government is ready to "undertake intervention" in the foreign exchange market
- Tue, 17 May 2016 07:21:27 GMT
USD/JPY gravitates towards 109.00
The number of purchase orders inched up from 46 to 49% 70% of traders hold long positions The down-trend at 109.30 represents immediate resistance Support is around 108.55 52% of the survey participants expect the US Dollar to cost more than 114 yen in three months Upcoming events: US Building Permits, US CPI and Core CPI, US Housing Starts, US Capacity Utilization Rate, US
- Mon, 16 May 2016 15:53:15 GMT
Market Research: USD
[ANNOUNCE]While the range of the observed moves notably narrowed from the previous week, some indexes still managed to deviate from the tightly-packed majority. The most prominent of such exceptions was the yen's gauge, which opened the period by dropping more than 0.5% below the baseline after the BoJ minutes weighted on inflation target, backing the negative rate policy. On Tuesday,
- Mon, 16 May 2016 08:01:52 GMT
USD/JPY attempts to retake 109.00
The number of sell orders inched up from 46 to 54% 71% of all open positions are long The 20-day SMA at 108.75 represents immediate resistance Support is around 108.39 51% of the survey participants expect the US Dollar to cost more than 114 yen in three months Upcoming events: US Empire State Manufacturing Index, US NAHB Housing Market Index, US Building Permits, US CPI
- Fri, 13 May 2016 11:02:04 GMT
Kumiko Ishikawa, FX Market Analyst, at Gaitame.com Research Institute Ltd, on JPY
Ahead of the BoJ policy meeting, everyone was expecting a quantitative easing program with various components, but it was decided to do nothing. Haruhiko Kuroda stated he has various options open for the Japanese economy turnaround, however, several questions have been raised: is this lack of action evidence that Japan has run out of options? Is Kuroda waiting for government
- Fri, 13 May 2016 08:31:28 GMT
USD/JPY takes another shot at climbing over 109.00
The portion of orders to acquire the US Dollar inched up from 49 to 54% Market sentiment remains bullish at 72% The weekly R3 and the down-trend around 109.70 represent immediate resistance Support is around 108.55 54% of the survey participants expect the US Dollar to cost more than 114 yen in three months Upcoming events: US Retail and Core Retail Sales, US PPI,
- Thu, 12 May 2016 08:33:10 GMT
USD/JPY keeps approaching 110.00 mark
The portion of buy orders edged down from 56 to 49% There are 74% of traders being long the Buck The weekly R2 at 108.70 represents immediate resistance Support is around 108.39 54% of the survey participants expect the US Dollar to cost more than 114 yen in three months Upcoming events: US Jobless Claims, US Import Prices, FOMC Members George and Rosengren Speeches [ANNOUNCE]The
- Wed, 11 May 2016 08:57:57 GMT
USD/JPY under the risk of falling back under 109.00
The portion of buy orders edged up from 48 to 56% 72% of traders hold long positions The weekly R3 at 109.83 represents immediate resistance Support is around 108.60 56% of the survey participants expect the US Dollar to cost more than 114 yen in three months Upcoming events: US Crude Oil Inventories,, US Federal Budget Balance, Japanese Current Account [ANNOUNCE]The Buck experienced mixed performance
- Tue, 10 May 2016 16:33:14 GMT
Community Forecasts for May 9 - 13: USD/JPY 1W Chart
[ANNOUNCE]The USD/JPY currency cross was moving mostly to the north during the previous trading week, despite long-term bearish trend, mostly reflecting strength of the Yen, rather than weakness of the Dollar.[/ANNOUNCE] The greenback increased against the Japanese yen in the middle of the observed period, despite rather weak initial jobless claims that reached the five-week high. Therefore, the buck was
- Tue, 10 May 2016 07:48:14 GMT
USD/JPY keeps edging higher
The number of sell takes up 52% of the market 75% of all open positions are long The monthly PP, the weekly R2 and the 20-day SMA around 108.60 represent immediate resistance Support is around 107.88 55% of the survey participants expect the US Dollar to cost more than 114 yen in three months Upcoming events: FOMC Member Dudley Speech, US JOLTS Job Openings, US
- Mon, 09 May 2016 17:02:18 GMT
Market Research: USD
[ANNOUNCE]The past week proved to be another period of weak commodity currencies, though this time the oil prices were not the main driving force behind the descend. The RBA's decision to cut interest rate managed the Aussie's gauge to tumble below 99.0 points on Tuesday, and the monetary policy statement released on Friday pushed the index lower still, putting the
- Mon, 09 May 2016 09:43:49 GMT
USD/JPY to keep climbing higher
The share of sell orders edged higher from 51 to 54% Bullish market sentiment takes up 71% of the market The weekly R1 at 107.88 represents immediate resistance Support is at 106.71 59% of the survey participants expect the US Dollar to cost more than 114 yen in three months Upcoming events: US Labor Market Conditions Index, FOMC Member Dudley Speech, US JOLTS Job Openings, US Wholesale Inventories [ANNOUNCE]The
- Fri, 06 May 2016 08:07:39 GMT
USD/JPY muted ahead of NFP figures
The number of buy orders slid from 58 to 49% Bullish market sentiment takes up 71% of the market The 20-day SMA, the weekly and the monthly PPs around 108.50 represent immediate resistance Support is around 105.25 59% of the survey participants expect the US Dollar to cost more than 114 yen in three months Upcoming events: US Average Hourly Earnings, US Non-Farm Payrolls, US
- Thu, 05 May 2016 08:51:58 GMT
USD/JPY struggles to retake 107.00
The portion of orders to purchase the US Dollar increased from 46 to 58% 71% of traders hold long positions The 20-day SMA, the weekly and the monthly PPs around 108.50 represent immediate resistance Support is around 105.40 61% of the survey participants expect the US Dollar to cost more than 114 yen in three months Upcoming events: US Initial Jobless Claims, US Average Hourly
- Wed, 04 May 2016 08:32:36 GMT
USD/JPY continues to climb higher
The portion of buy orders plunged from 72 to 46% 71% of traders hold long positions The 20-day SMA, the weekly and the monthly PPs around 106.50 represent immediate resistance Support is around 105.40 66% of the survey participants expect the US Dollar to cost more than 114 yen in three months Upcoming events: US ADP Non-Farm Employment Change, US Preliminary Nonfarm Productivity and Unit
- Tue, 03 May 2016 16:43:04 GMT
Community Forecasts for May 2 - 6: USD/JPY 1W Chart
[ANNOUNCE]In case of the previous week, the pair experienced purely bullish tendency almost during the whole week despite the disappointing US data.[/ANNOUNCE] The US new home sales and the Dallas Fed manufacturing index undershooting expectations, adding to the downward Greenback pressure. However, in the middle of the week, the pair experienced change in the tendency, since the Japanese yen added
- Tue, 03 May 2016 08:23:25 GMT
USD/JPY puts 106.00 to the test
The share of buy orders surged from 45 to 72% 72% of traders hold long positions The 20-day SMA, the weekly and the monthly PPs around 106.60 represents immediate resistance Support is around 105.74 65% of the survey participants expect the US Dollar to cost more than 114 yen in three months Upcoming events: FOMC Member Mester Speaks, US ADP Non-Farm Employment Change, US Preliminary
- Mon, 02 May 2016 15:15:09 GMT
Market Research: USD
[ANNOUNCE]The main market drivers of the past week were the central banks, with their decisions or expectations of thereof causing a number of sharp reactions from the observed indexes. The first such response came on early Wednesday, when weak CPI numbers increased the odds of a rate cut from the RBA and pushed the Aussie's gauge to tumble below 99.0
- Mon, 02 May 2016 07:32:41 GMT
USD/JPY under the risk of slumping under 106.00
55% of all open orders are to sell the American Dollar 72% of traders holding long positions today The Bollinger band around 106.25 represents immediate resistance Support is around 104.30 66% of the survey participants expect the US Dollar to cost more than 114 yen in three months Upcoming events: US Markit Manufacturing PMI, US ISM Manufacturing PMI, US Construction Spending [ANNOUNCE]The US Dollar's performance