Dukascopy_Analyst

USD/JPY takes another shot at breaching 112.00

FX:USDJPY   U.S. Dollar/Japanese Yen
25 0 1
"The Fed looks to be far more Dow-dependent than it is data-dependent. Delivering, say, two rate rises when the market is priced for one is only going to occur if it can be done in a way that isn't going to be upsetting for global risk sentiment."
- National Australia Bank Ltd. (based on Bloomberg)

Pair's Outlook
The US Dollar             remained relatively unchanged against the Japanese Yen             on Thursday, amid mixed fundamental data. Today the Greenback is pressured by the monthly PP and the 20-day SMA just above the opening price, while the weekly PP is providing immediate support at 112.53. In case the resistance cluster is breached, gains are then likely to be limited by the descending channel's upper border at 113.23. On the other hand, if bears push the USD/JPY             currency pair lower, the second target will be the cluster around 111.55. The bearish scenario is more probable, as technical studies are in favour of this outcome.

Traders' Sentiment
There are now 73% of traders holding long positions, compared to 70% on Thursday. Meanwhile, the portion of orders to sell the Buck edged nine percentage points lower, now taking up 64% of the market.
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
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 Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out