USD/JPY unable shake off Chinese turmoil

FX:USDJPY   U.S. Dollar / Japanese Yen
110 0 3
"I have a mildly optimistic outlook for 2016. Mildly, not wildly. I expect the broad economy to continue to expand at a moderate pace. To venture an estimate - between 2% and 2.5%, possibly a little higher."
- Dennis Lockhart, Atlanta             Fed President (based on WBP Online)

Pair's Outlook
The US Dollar             retained some if its post-NFP strength and managed to outperform the Japanese Yen             on Monday, negating Friday's losses. As a result, the exchange rate climbed back up over the up-trend, but risks of it getting pierced again persist. The monthly S1 keeps bolstering the trend-line, but is failing at providing sufficient support, especially with China weighing on the USD. Consequently, we might see a decline towards the 117.00 level, which is somewhat reinforced by the Bollinger band . However, a rally towards the weekly PP at 118.30 is possible if the fundamentals back the Buck.

Traders' Sentiment
There are now 59% of traders being short the US currency, while the number of orders to purchase the Buck edged down from 58 to 42%.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out