USDJPY: Not enough momentum for rally.

FX:USDJPY   U.S. Dollar / Japanese Yen
119 0 4
This week, we have two important central banks: BOJ and FED.

We knew that BOJ officially used negative interest rate last meeting to boost economy and spending, so I don't expect any measure in this BOJ meeting. It's likely is a non-event.

While I choose neutral stance and no rate hike decision in FED Meeting. It means negative view for Dollar.

Combine two events, I see a good chance to SELL USDJPY             next week.

I see there is no good reason for stock to be higher. No fuel and catalyst to lift up Stock market; hence, I see no need to buy USDJPY             .

Look at on the chart, USDJPY             is holding 113.50 handle as a key resistance level ; while 111 is a the support USDJPY             chose.

I think USDJPY             will down to near 111 floor this week.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
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 My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out