USD/JPY retreats on risk aversion

FX:USDJPY   U.S. Dollar / Japanese Yen
59 0 0
"We don't see any fresh trading cues to support dollar buying."
- FX Prime (based on Market Watch)

Pair's Outlook
Although the better-than-expected US GDP caused the Greenback to appreciate against the Japanese Yen             on Friday, these gains are under the risk of being erased today. The Yen strengthened today, as a slump in Chinese stocks triggered a return of risk-off sentiment. The pair, however, is supported by the monthly S2 and the weekly PP around 113.45, but losses could even extend towards the 112.00 level, where the weekly S1 coincides with the monthly S3. Technical indicators are bolstering the possibility of this negative outcome, whereas positive fundamentals could still spark a buying spree and stimulate a rebound.

Traders' Sentiment
Market sentiment remains bullish , but now at 70% (previously 73%). Meanwhile, the share of orders to purchase the US currency increased substantially, namely from 51 to 65%.
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