USD/JPY struggles to stay above 114.00

FX:USDJPY   U.S. Dollar / Japanese Yen
59 0 1
"If broader risk aversion is steadying, as we suspect, we have to think the yen is at risk of giving back more of its recent strength."
- Scotia Capital (based on Reuters)

Pair's Outlook
The US currency remained unchanged against the Japanese Yen             on Wednesday, as demand at 113.88 proved to be sufficient to keep the pair elevated. Technically, we might see a rebound, with the exchange rate touching the 115.00 level. The nearest resistance leaves enough room for a rally beyond 116.00; however, impetus to push the pair that high is absent. Nonetheless, the Buck lacks the strength to exit its current bearish trend , while daily and weekly technical studies keep giving bearish signals, suggesting the USD/JPY             currency pair is to attempt and breach the immediate support area .

Traders' Sentiment
Traders' sentiment keeps improving, with 69% of traders being long the Buck, while the share of buy orders skyrocketed from 23 to 68%.
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
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