- UBS (based on Reuters)
As was anticipated, the USD/JPY currency pair recovered from its intraday low on Friday, but was unable to post significant gains, due to the providing sufficient resistance. However, the acts as the immediate support today, providing the Greenback with a chance to begin its recover against the Japanese Yen . The nearest resistance to limit the gains rests at 112.11, namely the weekly PP. According to technical indicators, the US Dollar is to remain relatively flat for another day, thus, neither significant level is likely to be broken today.
Market sentiment remains strongly , taking up 70% of the market, compared to 71% on Friday. The number of orders to sell the Buck is completely unchanged at 65%.
It can also be found here: https://www.dukascopy.com/swiss/english/marketwatch/swfx/ (Choose the “Sentiment” tab)