USD/JPY analysis

[dianajs]

I think that for the moment USD/JPY will attempt to recover the bullish gap. I opened a short position with target 109.30.

 

[dianajs]

The pair recovered the gap only partway before rebounding from 109.59. It is still rallying and I think it will test 112.00 next.

 

[idimitrov]

The dollar/yen had a strong upside momentum yesterday, reaching a peak of 111.18 and hit 111.42 earlier today during the Asian session. Trade signals are bullish. The price breaks above the resistance trend line, suggesting potential short-term retesting prospects of 112.20. The closest support is 110.85 (the daily EMA 200), whose breakthrough can take the price to a neutral zone and the direction will become obscure.

 

[deresel]

Dynamic trade recorded the dollar against the yen on Wednesday. Bulls again prevailed in the opening hours, continuing the positive momentum of Tuesday. So the start was set at a price of 111.07 and the resistance at 111.55 was broken after the pair reached a peak for the day at 111.77. Immediately afterwards, however, the trend changed sharply and the finish line was at a rate of 111.05.

 

[deresel]

USD/JPY
Key levels to watch for:
Support: 108.28; 107.73;
Resistance: 111.55; 112.20;

 

[arigoldman]

USD/JPY seems to have consolidated around the weekly close at 111.50. The pair need to break either 111 or 112 in order for one of the camps to take control.

 

[csc2009]

The pair is showing no clear directional strength, how Usd/Jpy will develop its direction depend on Fed's monetary policy outcome this Wednesday.

 

[dianajs]

There is a pair if bearish spinning top bars at 111.90 - 112.00, I think there will be a pullback to 111.50 - 111.30 before it continues rallying.

 

[dianajs]

There was a pullback to 111.42 as I expected and after that the pair continued rallying. I think that it will reach at least 112.80 - 113.00.

 

[dianajs]

The USD/JPY impressive rally is continuing today. I already have a long position, my target is set at 113.00.

 

[dianajs]

USD/JPY reached 113.00 today. I haven't closed my long position yet, that depends on whether or not there will be a breakout or a pullback from that level.

 

[dianajs]

There's a pullback from the resistance at 113.00 and I think it will reach 111.80 - 111.70, but after that the rally will continue.

 

[arigoldman]

USD/JPY continues its way South. A correction may be expected the coming week.

 

[Convergence]

USD/JPY continues its way South. A correction may be expected the coming week.

I don't see much of a correction yet but if she breaks that channel line maybe its game on (open image in new tab to view)

 

[idimitrov]

The US dollar was up against the Japanese yen on Friday. By the close of US trading, USD/JPY was trading at 112.72, gaining 0.22%.
I believe that support is now at 111.18, Monday's low, and resistance is likely at 113.05 - Thursday's high.

 

[deresel]

The dollar rose against the yen on Friday: the pair USD / JPY rose by 0.22% to 112.71 close to the seven-week high of Thursday - 113.04 after a good NFP report. Still, the dollar remains under pressure and, in my opinion, a decline from recent levels is seen - 108.50, followed by 106 levels.

 

[dianajs]

The USD/JPY impressive rally still continues. I think that it will soon reach the resistance zone around 115.00 - 115.50.

 

[gerryg]

The USD/JPY impressive rally still continues. I think that it will soon reach the resistance zone around 115.00 - 115.50.

I don't expect a kind of blistering move here, probably retracement first on BoE decision tomorrow and maybe disrupted by Draghi clues today. Will be trying to support upside bias after pullback to 112 level

 

[dianajs]

There might be a pullback from 114.32, but I don't think that's the end of the overall bullish trend. However, the pullback could continue to 113.40 - 113.30.

 

[dianajs]

USD/JPY made a second attempt to break out above 114.32 and after it formed a double top at that level it fell to 113.45 and rebounded from that support. Now it remains to be seen whether it will make a second attempt to break out above 113.32 or it will keep dropping.