USD/JPY analysis

[arigoldman]

I expect a move down from here.

 

[csc2009]

The pair is consolidating below 101.00 level, but downward potential still remains.

 

[idimitrov]

The dollar lost gains against the other major currencies on Wednesday after the release of positive data on orders for durable goods in the US, while the markets are still focused on the long-awaited meeting of key oil producers.
USD/JPY rose by 0.17% to 100.58.

 

[forker]

It's been a light week data wise. Next week will be the one to watch.

 

[idimitrov]

Dollar/yen had a bullish momentum earlier today in Asian session, hitting 101.63. The upwards scenario of double bottom is now confirmed with targets near 102.00/20. The outlook is bullish in nearest term. Initial support is at 100.80 whose breakthrough could lead price to neutral zone with re-testing 100.10 key support. In long-term the main downward scenario remains.

 

[idimitrov]

During today's Asian trade, the US dollar is stable against the euro while the yen depreciates sharply against nearly all currencies - as the investors returned to risk appetite and invest in higher-yielding assets, writes MarketWatch.
The dollar against the yen jumped by 1% - from 100.69 to 101.63 yen.
Euro rose against the Japanese national currency by 1% - to 112.94 yen to 114.08 yen.
Weaker yen is due to the approaching end of the quarter and the increased activity of Japanese companies in the foreign exchange market before the closure of accountancy.

 

[deresel]

The US dollar recorded a modest rise against the yen on Wednesday. The pair added 27 pips at a closing price of 100.68. Daily extreme points were reached respectively at 100.25 and 100.81. Given the growing positive attitude, successfully overcoming the corresponding peak, followed by 101.20, will witness a new increase of USD/JPY.

 

[deresel]

USD/JPY:
Key levels to watch for:
Support: 99.85;
Resistance: 101.20; 102.57; 103.70.

 

[idimitrov]

The US dollar rose against the Japanese Yen on Friday. By the close of US trading USD/JPY was trading at 101.34, gaining 0.31%. I believe that the support is now located at around 100.07, Tuesday's low, and resistance is at the level of 101.86 - the maximum of Thursday.

 

[csc2009]

Key quote from BOJ Governor Kuroda :''BOJ still has a lot of room left to ease policy''.

 

[arigoldman]

Good move this week.

 

[csc2009]

Usd/Jpy pair is in correction mood after 2 weeks gain, but downside seems limited.

 

[Trader Dale]

USD/JPY intraday levels

My today's intraday levels for usd/jpy - 102.55 long and 103,66 short

SL 12 pips, PT 10 pips.

Don't expect much volatility today.

 

[deresel]

The US dollar added value versus the yen on Monday and recover some of Friday's losses. The pair climbed 34 pips to 103.59 after trading in the 103.78 and 103.59. The price failed to test the levels of peak last week, but the bulls remain technically in a leading position.

 

[deresel]

USD/JPY:
Key levels to watch for:
Support: 102.70; 101.75; 100.05;
Resistance: 104.35; 105.45.

 

[idimitrov]

The US dollar rose against the Japanese Yen on Friday. By the close of Asian session USD/JPY was trading at 103.78, gaining 0.07%. I believe that the support is now located at around 102.78, Monday's low, and resistance is at the level of 104.63 - the maximum of Thursday.

 

[Will Duxon]

 

[arigoldman]

I'm bullish for the week.

 

[csc2009]

The pair pulled back after hit 2 month high, the lack of upward strength may suggesting bearish movement for the coming week.

 

[Will Duxon]

I overlooked the inclusion of 4-hour charts in my analyses yesterday, which is why my tables had an extra row at the bottom. So what did they say?

According to my 4-hour USDJPY chart, though my daily chart said USDJPY just turned slightly bullish yesterday, my 4-hour chart says its now neutral, so I might consider buying it under 103.24 or selling it above 104.69.