Usd/Jpy

Forex Trading: USD/JPY Poised to Retest Lows? (Click for Chart)

Alex Chernomordin — Wed, 08 Oct 2008 04:40:22 -0400

The Nikkei is down by 9.38% for today's session, the largest single day decline in over 2 decades, led in part by a jump in borrowing costs and reports that Toyota's operating profit could be down by as much as 40% year over year. With the world equity sell off in full force, the USD/JPY pair has broken the 61.8% retracement level (Fibo analysis: 3/08 lows - 7/08 highs) and could not significantly repenetrate it north on a rebound. The pair now looks poised to possibly retest the March lows (seen before that in 1995), the trendline depicted below could act as resistance on any pull back or profit taking in the short-term.

Forex Trading: USD/JPY Channel Bound (Click for Chart)

Alex Chernomordin — Fri, 03 Oct 2008 06:20:11 -0400

The US Dollar - Yen pair in a short-term hourly view from the 9/30 low to the 10/1 high, shows the majority of the price action in the first few sessions this month has been in a very strong downward channel detailed below. As the USD made gains across the board recently the one major currency that has also appreciated with the USD against the major European and Asian currencies has been the Yen. The Yen similar to the USD has been very hard hit in the 21st century, particularly with investors interested in capitalizing on the carry trade. With the economic climate shifting, the carry ship has sailed and new perspectives are entering the market everyday, seen with the erratic daily price action.

Forex Trading - USD/JPY Through 200HR MAVG on New Retracement

Alex Chernomordin — Thu, 25 Sep 2008 03:00:35 -0400

Utilizing a revised retracement from the 9/16 lows to 9/19 highs (a shorter term perspective from our previous overview), we notice the pair has broken the 200hr moving average and is looking at the 61.8% fibo level as the next short-term stop, followed by the developing trendline below it. A hold of the 61.8% level could lead back toward the daily highs at the 38.2% retracement level.

Forex Trading - USD/JPY Ranging Betweeen the Averages

Alex Chernomordin — Wed, 17 Sep 2008 06:52:52 -0400

Reviewing the USD/JPY pair we notice a new trading range developing. During yesterdays trading session the pair broke above the 100 hour moving average and held the 200 hour moving average to the topside. The pair has since then traded this range with some conviction. If the pair continues to trade in this range, the averages will consolidate and a break in either direction could determine the next significant move.

Forex Trading - USD/JPY Holding the Daily Channel & Trading Sideways (CLICK FOR CHART)

Alex Chernomordin — Tue, 02 Sep 2008 00:41:08 -0400

The US Dollar has built some momentum against a number of currency pairs both in Europe and in Asia after its long depreciation throughout the US Credit crisis. However, it's most recent gains against the GBP, EUR, CHF and AUD can be attributed to the weakness of those currencies as well as the strength of the USD. The case has been slightly different recently with the USD/JPY pair as the Yen has held strong and appreciated against the USD and many of its other base currencies, highlighted in the chart below. The USD/JPY pair is now trading toward our support line below, which happens to be right above the 61.8% retracement and the 100 and 200 day moving averages (which are also converging).

Forex News: BOJ Governor Shirakwa Speaks in Nagoya

Basil Fayad — Mon, 01 Sep 2008 21:21:46 -0400

Said that Japanese Economy is likely to be sluggish for a while

If his comments are more hawkish than expected it would be good for JPY. Althought the BOJ has just recently said it offered to buy 400 billion yen in treasury bills outright from 9/5. For the full release please go to BOJ website:

http://www.boj.or.jp/en/index.htm

Forex Trading:USD/JPY sells off overnight on better than expected Housing Starts. JPY crosses sold.

Greg Michalowski — Fri, 29 Aug 2008 09:21:56 -0400

USDJPY sold off overnight as housing start rebounded for the first time in 13 months. Part of the slump in construction has been a result of a change in construction regulations. However, the credit conditions in Japan have tightened lately so caution should be applied. In other data, employment rate went down but the Job to Applicants went down indicating there are not enough jobs to satsify workers who are looking for them. Retail Sales were also higher, however, the gain can be attributed to higher prices for gasoline in July.

Technically, the pair tested the 200 bar moving average and bounced. The MA comes in at 108.42. The low was 108.41.

Forex Trading - USD/JPY Trading at Critical Levels (CLICK FOR CHART)

Alex Chernomordin — Mon, 18 Aug 2008 22:16:48 -0400

The USD/JPY pair has traded lower this session after straddling the 110.50 level for a couple of days. The pair has traded back to the 50% retracement level noted below on the daily chart. The sentiment on the USD has been shifting across the board, coupled with weakness on the associated counter currencies, the USD has made some substantial gains. However, these gains have been less visible against the Yen on a relative basis. A substantial move higher could be in order if some more technical and psychological levels are broken to the upside. We will be following this pair closely heading into the end of the summer, where more real monies will be showing up on the equity side of the equation, possibly dictating the direction for the pair.

Forex Trading - USD/JPY Reviewing The Hourly vs. The Daily Retracement Levels

Alex Chernomordin — Thu, 31 Jul 2008 06:46:57 -0400

In reviewing the hourly and daily US Dollar Yen charts we notice some themes and familiar levels as we watch the USD gain some momentum with July coming to a close. Notice below on the hourly chart the 100 day moving average support the pair, similarly the 50 day moving average has been providing support on the daily chart. In addittion the hourly retracement to 61.8% and the daily retracement to 38.2% have common support between the 106.38 and 106.56 range. (Click to view both)

Forex Trading - BOJ Deputy GOV NISHIMURA - JAPAN MAY FALL INTO RECESSION

Forex Bob — Tue, 29 Jul 2008 09:46:57 -0400

But he feels the downturn will not be that severe
The excesses that caused the last slump are not in place today