FX:USDJPY   U.S. Dollar/Japanese Yen
Very brief observation on the USDJPY             chart. We have been seeing continued lower lows and lower highs on the USDJPY             since early June's high of 125.83, with a key support level being found at 122.45. It would be very interesting to see if longer term, we see a retest of the lower trendline . Fundamentals to bear in mind here could potentially be to ask the extent to which a US rate hike is priced in and possibly the extent to which USDJPY             is considered a safe haven, with currency pressures coming from the weak Yen and the possibility of China joining the global currency war (a great article of which can be read here - http://www.zerohedge.com/news/2015-06-02/albert-edwards-yen-collapse-will-lead-new-round-currency-turmoil-deflation-us-and-eu).

Form your own opinions.

This is not to be interpreted as investment advice.

Trading leveraged products carries a potentially high level of risk.

Losses may exceed deposits.

Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out