USDJPY Daily Analysis – April 10, 2014
USDJPY remains in downtrend from 104.12, the rise from 101.55 is likely consolidation of the downtrend.
Yen
USDJPY Forecast April 2, 2014, Technical Analysis
The USDJPY pair rose during the session on Tuesday, shooting straight up in the air.
USD/JPY Forecast March 27, 2014, Technical Analysis
The USD/JPY pair fell during the bulk of the session on Wednesday, but as you can see found enough support in order to turn things back around and bounce above the 102 level.
USD/JPY Forecast March 11, 2014, Technical Analysis
The USD/JPY pair initially fell during the first part of the Monday session, but as you can see spent the rest of the day bouncing in order to form a hammer.
USDJPY Daily Analysis – March 3, 2014
USDJPY broke below 101.38 support, indicating that the uptrend from 100.75 had completed.
USD/JPY Forecast February 25, 2014, Technical Analysis
The USD/JPY pair initially fell during the session on Friday, but as you can see found enough support at the 102 level in order to go higher and form a hammer yet again.
USDJPY Forecast January 15, 2014, Technical Analysis
The USDJPY pair rose during the session on Tuesday, breaking above the highs from the Monday session as well.
Short-Term Daily Forex Analysis – August 19, 2013
USDJPY failed to break above the resistance of the downward trend line on 4-hour chart, and pulled back from 98.64, suggesting that the pair remains in downtrend from 101.53. Further decline would likely be seen, and next target would be at 96.00 area. Key resistance is located at the trend line, only a clear break above the trend line resistance could signal completion of the downtrend.
The Yen Index – Barometer of Risk
As mentioned in the previous post, the Yen index can give us an excellent perspective of market sentiment, given the Yen’s unique position within the forex market as both a currency of safe haven and a gauge of market risk.
Steroids, implants and botox – just what the Yen needed!
The Bank of Japan took control of it’s currency in grand style last week, having duly selected the largest hypodermic they could find, filled it with steroids, and then injected a syringe full directly into the artery of the dollar yen.