USD/JPY analysis

[dianajs]

USD/JPY dropped to 108.90 and although it has formed a double bottom at that level on the H1 time frame which could lead to a temporary correction I think the overall bearish trend is far from over.

 

[arigoldman]

The Japanese Yen broke the support in the preopening hours of the European session. Bears might increase their positions.

 

[LionelID]

The US dollar was up against the Japanese yen on Friday. By the close of US trading, USD / JPY was trading at 109.19, gaining 0.001%. I believe that support is now at around 108.74, the low of Friday's trading, and resistance is likely at 110.92, Monday's high.

 

[csc2009]

Usd/Jpy is consolidating on the downside, found support around 108.80/70 zone, further decline might be expect if break below the support level.

 

[dianajs]

USD/JPY is forming a correction to the upside for the moment. I think it may reach 110.00 again, especially if there is a breakout above 109.80.

 

[mouadben]

USD/JPY is forming a correction to the upside for the moment. I think it may reach 110.00 again, especially if there is a breakout above 109.80.

Hi M.dianajs ...

could you please explain why this happend so the news was positive for the JPY ??

 

[dianajs]

I think that if USD/JPY breaks out above 110.40 the next target to the upside will be 111.00. And, if the pair breaks out above that level too we could consider a possible trend reversal to the upside.

 

[LionelID]

The US dollar recorded a rise against the Japanese yen on Monday. The currency pair opened at 109.15 and ended 45 pips higher. Graphics continued to grow below moving averages, while the relative strength index remained neutral. In case the upward movement continues we can expect a test of the second resistance at 111.00.

 

[Jenny FX]

The dollar / yen made momentum up yesterday, forming a peak at 109.79 and hitting 110.44 earlier this morning. The ascending pin bar I showed you yesterday gives us a valid bullish signal, stopping the bearish scenario after breaking down the trendline. My neutral pattern is now activated with short-term uplinks. Views are bullish for testing at 111.00. Immediate support we have at 109.80. Clear break below this level could take the price to a neutral trading area with testing at 109.40 / 00.

 

[dianajs]

USD/JPY has almost reached the resistance at 111.00. Let's see what effect the FOMC meeting minutes announcement today will have on the pair.

 

[LionelID]

The US dollar recorded a significant rise against the Japanese yen on Tuesday. The session started at 109.60 and the dollar added 107 pips. If the direction continues upward, we can expect an attempt to test the first resistance at 111.00. Otherwise, in the downward direction, the pair will head to the first support at 109.50.

 

[dianajs]

At the support on the H4 time frame at 109.65 there is a bullish bar, which is a signal for a rally, which has already begun and I think it will reach at least 110.50.

 

[dianajs]

USD/JPY only reached 110.38 before it renewed its move to the downside and it is now at 109.00, testing that support. I think that next target will be around 108.10 - 108.00.

 

[LionelID]

The US dollar recorded a decline against the Japanese yen on Thursday. Session started at 110.18 and after a volatile session the currency pair lost 63 pips. Short-term outlook remains neutral. Breaking the psychological limit at 109.50 is likely to direct the pair to 108.40.

 

[LionelID]

The US dollar was down against the Japanese yen on Friday. By the close of US trading, USD / JPY was trading at 109.19, losing 0.36%. I believe that support is now at around $ 108.60, the low of Friday's trading, and the resistance is likely at 110.95 - the maximum of Wednesday.

 

[dianajs]

USD/JPY rebounded from 108.90, but I think that the scenario for a drop to 108.10 - 108.00 is still valid. I have a short position that I have not closed yet.

 

[LionelID]

The US dollar recorded a fall against the Japanese yen on Friday. The session started at 109.55 and the currency pair fell 40 pips. Daytime extreme values ​​were reached at 108.59 and 109.59, respectively. At the end of the session one dollar was exchanged for 109.15 Japanese yen.

 

[LionelID]

The US dollar lost another 40 pips against the Japanese yen during the Monday session. The day was opened at an exchange rate of 109.36, and at the end of the session it was 108.96. Daytime extreme values ​​were reached at 109.41 and 108.63, respectively.

 

[dianajs]

USD/JPY pulled back from 109.80 and for the moment is at the support at 109.30. I think the drop will continue at least to 109.00.

 

[dianajs]

USD/JPY is developing within a relatively tight a range between 108.60 and 109.80. I think that development will continue until Janet Yellen's speech tomorrow at Jackson Hole.