Japanese yen news

In the last Usd/Jpy forecast it was stated that the X-Sequentials WX down move segment has been completed at 88.10 and a up move ´till the X-Sequentials X7 inverse targetzone from 96.65 to 99.44 is to due . The Usd/Jpy peaked last week at 91.09 . Fridays close at : 90.48 ( 3/12/2010)

See the previous EUR/JPY analysis

See the previous USD/JPY analysis

Usd/jpy - 90.53 ... The greenback edged higher on active cross selling in jpy due to the speculation that the BOJ will ease monetary policy further despite some Japanese repatriation of yen b4 fiscal year end. Bids are located at 90.30/35, 90.20 n further out at 90.00. On the upside, offers by Japan...

EUR/JPY's rebound from 119.64 extended further to as high as 125.19 last week. As the cross is now very close to mentioned 125.22 cluster resistance (38.2% retracement of 134.36 to 119.64 at 125.26), we'd stay neutral initially this week. On the downside below 123.01 minor support will indicate that corrective rise from 119.64 is finished and will flip intraday bias back to the downside for retest…

GBP/JPY's recovery from 132.13 resumed last week and rose to as high as 138.04. Further rise could still be seen initially this week. But after all, we'd expect upside to be limited by 139.21 cluster resistance (38.2% retracement of 150.68 to 132.13 at 139.21, 61.8% retracement of 143.59 to 132.13 at 139.21) and bring fall resumption. Break of 133.89 minor support will will argue that whole declin…

US Dollar at Risk for Further Declines versus Euro on FX Positioning Euro Will Struggle to Develop a Trend with Greece Back in the Headlines Japanese Yen: Speculation for Intervention to Intensify Ahead of BoJ British Pound May Rise as Bank of England Releases Meeting Minutes Swiss Franc Vulnerable As SNB Threat Grows Canadian Dollar on Pace for Parity Against the US Dollar Australian Dollar May b…

The greenback and Japanese yen weakened across the board on Friday versus most of their major counterparts. In Asia, the single currency traded with a firm undertone following Thurday's strong rise. Traders later reacted to earlier news of President Obama had picked San Francisco's Fed President Jan...

  Japanese Yen: Speculation for Intervention to Intensify Ahead of BoJ Fundamental Forecast for Japanese Yen: Bearish - Current Account Surplus Widens on Rising Exports - 4Q GDP Expands Less-Than-Expected - Machine Tool Orders Jump at Record-Pace in February The Japanese Yen continued to pare the sharp rally from February, with the USD/JPY crossing back above the 50-Day SMA (90.44) to reach a…

As we suggested last week, risk appetites improved a bit further this past week and most risky assets advanced, with the notable exception of precious metals and commodities. In FX, the clear standouts were the JPY crosses, like EUR/JPY, CAD/JPY and AUD/JPY, which all moved above recent highs. Solid data out of China and the US supported the notion that the global recovery is on track, though many…

Daily Video Technical Update: EUR/JPY, GBP/JPY, USD/JPY, AUD/JPY, CAD/JPY FX Times/CMS Forex http://www.fxtimes.com http://www.cmsfx.com Analyst: Fan Yang, CTA

 The USD/JPY reversed earlier gains as it looks to continue the current bullish trend. Last week we pointed out a divergence between the pair and equity markets as an opportunity. We finally saw the expected yen weakness as the pair caught up with rising equity markets soaring over 200 pips. Dollar/yen has seen its correlation with risk jump to 48% from 34% a month ago as the pair continues t…

USD/JPY closed higher on Thursday as it extends the rally off last week's low. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term.

FXstreet.com (Barcelona) - Dollar rally from 90.15 low ahead of retail sales has reached a fresh... For more information, read our latest forex news.

The lack of 1st tier economic data and stories that have failed to capture the market's imagination have kept FX markets in check. However, in Japan the rhetoric is really heating up, with even stronger worded comments regarding the stronger JPY and their perpetual fight against inflation, being hurled in to the market. Japanese PM Hatoyama said that the current market pricing of the yen did not r…

The JPY, GBP and the CHF have all seen sharp movements this morning, while EUR/USD has attacked key technical resistance (now support) in the 1.3735/40 area. EUR/JPY has surged to an intraday high of 124.55 , though vs the USD the JPY has failed to hold its softer overnight levels. The weaker yen in Asia followed an intensification of speculation regarding the likelihood of more BoJ policy action …

Update on supports and resistances.

FXstreet.com (Barcelona) - The Dollar has shrugged off previous weakness and, after bottoming at... For more information, read our latest forex news.

FXstreet.com (Barcelona) - The Dollar has dropped against the Yen European trade and pullback from... For more information, read our latest forex news.

Japan industrial production for the month of January Final reading rose to 2.7% from 2.5% while on the year climbed higher to 18.5% from 5.1%

On Thursday Yen weakened insignificantly against the Dollar on BoJ policy easing speculation. The currency couple rose from 90.22 up to 90.71, although Industry sentiment remained negative at nearly -70%, closing the day at 90.50. On the 3 hour chart the bearish channel remains intact and our anticipations are for the Dollar to continue strengthening in the short term. Going above Wednesday's peak…

EUR/USD Buy at 1.3672 SL 1.3640 TP 1.3749 USD/JPY Sell at 90.67 87 90.99 TP 89.95 GBP/USD Buy at 1.5028 SL 1.4996 82 1.5116 USD/CHF Sell at 1.0695 SL 1.0727 TP 1.0611

FXstreet.com (Barcelona) - Dollar recovery from 89.65 low on Mar 9 has found resistance at 90.80... For more information, read our latest forex news.

Technical analysis for major currencies with major support and resistance levels and recommendations for 12-03-2010

EUR/JPY: Yesterday the pair made a modest correction to the upward sloping price trend that began on February 25th. The price failed to breach this trend line, indicating the uptrend is still intact. The 7-day RSI has also maintained its rising trend line and continues to move higher. The pair could rise to its short term resistance level of 0.9150. Forex traders may want to be long on this pair a…

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The Japanese Yen fell against all major currencies after comments from government officials threatening to intervene into currency markets if exchange rate moves are “abrupt” as well as amid rumors the Bank of Japan will further ease monetary policy.

Eur/usd - 1.3700 ... The single currency edged higher on active cross buying in euro (eur/jpy rallied fm 123.68 to 124.23). Investors are focusing on the release of German WPI at 07:00GMT n eurozone industrial production data at 10:00GMT. Bids by various accounts are located at 1.3670/75, 1.3660/65 ...

Usd/jpy - 90.64 ... Japan Prime Minister said forex shud be decided by markets n steps shud be taken to respond to yen rise if the climb does not reflect state of Japan economy. Bank of Japan governor Shirakawa said central bank commitment to very easy policy affecting forex moves n BOJ guides polic...

FXstreet.com (Sydney) – The GBP is reversing recent losses against the yen and is trading at... For more information, read our latest forex news.

Technical Cross Report - Euro vs. Japanese Yen (2010-03-12)

Technical Cross Report - Great British Pound vs. Japanese Yen (2010-03-12)

Despite dollar's retreat from 90.72, subsequent rebound from 90.33 strongly suggests pullback from Wednesday's 90.83 high has ended earlier yesterday at 90.20 and upside bias is retained for recent erratic upmove from 88.14 to resume after consolidation and above said 90.83 high would extend gain to...

EURJPY Forecast The EURJPY attempted to push lower yesterday, bottomed at 123.01 but closed higher at 123.79. On h4 chart below we have a significant technical movement as the trendline resistance has been violated to the upside indicating a serious threat to the bearish scenario after bullish reversal warning showed by the double bottom formation. The [...]

USDJPY Forecast: The USDJPY was indecisive yesterday, made a Doji on daily chart. The bias is neutral in nearest term. The bullish correction scenario testing 91.50 remains intact but the major trend should remains bearish as long as price stay below the major trendline resistance. On h4 chart below we have a rising wedge formation [...]

USDJPY's bounce from 88.14 extended further to as high as 90.82. However, another fall towards 89.63 key support is still possible later today, a breakdown below this level will indicate that the downtrend from 93.75 (Jan 7 high) has resumed, then deeper decline could be seen to 87.00-87.50 area. Resistance is now at the falling trend line from 93.75 to 92.14, only a clear break above the trend li…

FXstreet.com (Barcelona) – Japan's Nikkei 225 index keeps extending gains on Friday, to the point... For more information, read our latest forex news.

FXstreet.com (Sydney) – The USD is gaining against the yen and is trading at 90.62. Earlier, the... For more information, read our latest forex news.

FXstreet.com (Buenos Aires) – USD/JPY Current Price: 90.68. Pair continues attempting to overcome... For more information, read our latest forex news.

FXstreet.com (Barcelona) – Despite GBP being harshly punished and having shed more than 10% from ... For more information, read our latest forex news.

The NY session witnessed some early volatility but overall the price action was extremely muted. Risk was sold early on as US jobless claims failed to improve much from the prior week - now 462K from 468K previously. US equities would ultimately close up about +0.4% in broad terms as the S&P 500 matched the 2010 highs by 1150 at the close. The moves in the currency space were nothing to write home…

The USD/JPY has pulled back from Wednesday’s highs and is gravitating towards the psychological 90 level as we anticipated. The USD/JPY has managed to avoid a retest in the process, a somewhat positive development. China’s economic data had a limited impact on the USD/JPY despite the rise in consumer prices and weakness in industrial production. Additionally, today’s U.S. data ha…

The yen depreciated vis-à -vis the U.S. dollar today as the greenback tested offers around the ¥90.70 level and was supported around the ¥90.20 level. Many traders are concluding an additional quantitative easing measure by Bank of Japan next week seems like a foregone conclusion.

The USD/JPY continues to consolidate gains following the post NFP rally which has generated an ideal scalping environment. A concentration of technical levels has helped limit breakout potential. A lack of conviction from traders has seen similar price action across most risky assets. Yesterday’s rise in Chinese exports generated some bullish sentiment only to have it offset by concerns that…

USD/JPY closed higher on Wednesday as it extends the rally off last week's low. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. If it extends the rally off last week's low, the January-February downtrend line crossing is the next upside target.

FXstreet.com (Barcelona) - Pound's rally from Wednesday's low at 133.90 has been rejected at... For more information, read our latest forex news.

There's a nice mix of arguments this morning to give rise to conflicting views on today's currency movements. A slew of healthy data out of China confirmed up to be a rambunctious pup desperate to play in the yard. Moreover the strength of the data raises the stakes in terms of monetary tightening, which helped boost the Japanese yen rise against regional currencies on a risk reversion theme. Yet …

The parity EUR/JPY just tested for the second time the resistance at 124. A double top occured on this level. 123 just acted as support again. We maintain to trade only long positions as far as the price is above 123. A break out of 124 will offer a new buy signal.

Update on supports and resistances.

FXstreet.com (Barcelona) - Dollar rebound from 90.20 session high has been halted at 90.70 high,... For more information, read our latest forex news.

FXstreet.com (Barcelona) - Dollar's decline from 90.80 high on Wednesday has found support at 90.20... For more information, read our latest forex news.

FXstreet.com (Barcelona) - The Pound's rally against the Yen from 135.00 has continued throughout... For more information, read our latest forex news.

On Wednesday Dollar/Yen continued climbing from 89.94 up to 90.80, closing the day at 90.47. On the 3 hour chart the bearish channel remains intact and our expectation are for the bears' domination to continue in the medium term, but in the short term appreciation is anticipated. Going above yesterday's peak 90.80 may bring threat to the bearish projection, and adjusting of the pair may deepen fur…

Japan's economy grew by less than first estimated in the final quarter of 2009, revised government figures show.

The parity is back above 90.29 (niveau 38.20%). We maintain to trade only long positions as far as 89.63 (last lowest) is not broken. The obejctive is at 90.96 (level 50%). The break out of this level will give a new buy signal. If 89.63 is broken, we will wait the break out of 89.47 before taking ...

EUR/USD Buy at 1.3621 SL 1.3589 TP 1.3698 USD/JPY Buy at 90.22 SL 89.90 TP 90.94 GBP/USD Buy at 1.4948 SL 1.4916 TP 1.5036 USD/CHF Sell at 1.0726 SL 1.0758 TP 1.0642

FXstreet.com (Barcelona) - Dollar's bounce at 89.65 on Tuesday extended higher yesterday, and the... For more information, read our latest forex news.

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