USD/JPY rises after Kuroda's statement

FX:USDJPY   U.S. Dollar/Japanese Yen
95 0 0
"The BOJ will continue to monitor both upside and downside risks to economic and inflation conditions, and make adjustments as appropriate."
- Haruhiko Kuroda, BoJ Governor (based on WBP Online)

Pair's Outlook
The US Dollar             ended the previous week lower against the Japanese Yen             , as it breached the up-trend and dropped to the lowest in five months. However, in spite of the US Bank holiday today, the USD/JPY             is likely to edge higher, as the PBoC's policy movement and the BoJ Governor's remarks drove demand for the safe-haven Yen lower. The weekly pivot point and the monthly S2 around 117.50 are the levels to stop the pair's further appreciation; meanwhile, the weekly S1 and the Bollinger band should limit the dips in case a sell-off takes over the market.

Traders' Sentiment
More traders, 68%, have a negative outlook towards the Buck (previously 62%), while 51% of all orders are to sell the Greenback.
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener 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