Dukascopy

USD/JPY acts on Japan's bank holiday

FX:USDJPY   U.S. Dollar/Japanese Yen
23 0 0
"With limited progress on structural reforms that could boost productivity, Abenomics has not significantly improved the long-run outlook for Japan's economy."
- Capital Economics (based on WBP Online)

Pair's Outlook
Although the USD/JPY             edged lower at the end of last week, the loss was only nine pips big. The Greenback is expected to take advantage of the bank holiday in Japan, partially recovering from the previous week's losses. The immediate resistance is now represented by the weekly pivot point, while the up-trend remains the nearest support, now also bolstered by the 20-day SMA . Technical studies retain mixed signals, in spite of which, the US currency has a solid chance of retaking the 123.00 level and even reaching the second resistance if the fundamentals surprise with positive figures.

Traders' Sentiment
Today 73% of traders are holding long positions (previously 74%), whereas the number of buy orders inched 7% points up to 53%.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
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 Billing Sign Out